Home / Business and Economy / Kazam Eyes 2X Revenue Leap to Rs 85 Cr by FY26
Kazam Eyes 2X Revenue Leap to Rs 85 Cr by FY26
13 Jan
Summary
- Kazam targets Rs 85 crore revenue in FY26, doubling FY25 figures.
- Electric three-wheeler market dominance fuels company growth.
- Expansion into Tier II/III cities and E2W segment planned.
Electric vehicle charging startup Kazam is poised for substantial growth, targeting approximately Rs 85 crore in revenue for FY26. This figure represents a doubling of its FY25 revenue, which stood at Rs 40 crore. The company's expansion into Tier II and Tier III cities is a key strategy, aiming to electrify last-mile connectivity across numerous PIN codes. Kazam currently manages around 120,000 to 130,000 charge points and plans to add between 150,000 to 270,000 more this year.
Kazam's dominance in the electric three-wheeler (E3W) category, which accounts for 70% of its revenue, is a major driver of its success. Favorable government policies and partnerships with major players like Mahindra, TVS, and Piaggio have bolstered its market share. The company also provides hardware and software services, including smart chargers and monitoring solutions for charge point operators and fleets. Its expansion into the electric bus segment is underway, though significant revenue from this area is not expected until FY26.
Looking ahead, Kazam intends to replicate its E3W strategy in the electric two-wheeler (E2W) segment, collaborating with OEMs like Ather. Existing strong relationships with Bajaj Auto and TVS Motor for E3W are expected to provide a significant advantage. Furthermore, Kazam is involved in developing the India Energy Stack (IES), a digital public infrastructure initiative for the power sector, led by the Ministry of Power.
