Kazam Clocks INR 400 Million Revenue For FY2025, Targets INR 1 Billion Revenue In Q4 CY2025
- By MT Bureau
- January 02, 2026
Kazam, an electric vehicle (EV) charging and energy-management platform, has reported revenue of INR 400 million for FY2025, which it claimed is a 3.5-fold increase YoY.
Furthermore, Kazam expects to reach an annual revenue run-rate of INR 1 billion for Q4 CY2025.
At present, the platform has integrated more than 120,000 chargers and facilitated over 7 million charging sessions. Over the last 6 months, charger integrations rose by 76 percent, while energy sessions increased by 60 percent.
The platform manages over 9,000 MWh of energy transactions monthly, supporting more than 100 charger brands. Kazam's network covers residential societies, workplaces, fleet depots, bus operations and public charging networks.
Currently, Kazam has established partnerships with 14 major brands such as Maruti Suzuki India, as well as energy providers like ONGC and regional distribution companies (DISCOMs). Its infrastructure footprint includes 150 residential associations across Delhi, Bengaluru, Hyderabad and Pune, along with 45 bus depots.
Akshay Shekhar, Co-Founder & CEO, Kazam, said, “India’s EV transition is entering a new phase, from just creating charging availability to building a reliable, intelligent, and interoperable energy layer that the entire industry can depend on. That is the market we have been building. Our growth this year reflects the trust that OEMs, fleets, DISCOMs, and CPOs are placing in a unified, device-agnostic platform that can scale across vehicle categories and geographies. As electrification accelerates, our focus is on enabling India’s EV ecosystem to move from fragmented experiences to a seamless, grid-aware infrastructure that can support millions of daily energy transactions.”
Ram Balasubramanian, CFO, Kazam, said, “India is moving from the ‘availability phase’ of EV infrastructure to the ‘reliability and optimisation phase,’ and Kazam’s growth this year shows we’re creating industry standards along with profit benchmarks. With increasing platform throughput and sustained cost optimisation, we are on track to achieve a INR 1 billion annual run-rate and profitability by early 2026”.
The company has raised USD 19.2 million to date, including a Series B round completed in June 2025. These funds are being used for research and development, geographic expansion into Tier 2 and Tier 3 cities and the development of energy services such as demand response and peer-to-peer energy sharing. The platform provides tools for both individual home charging and enterprise-level fleet management to create a unified energy layer that functions independently of specific hardware manufacturers.
Toyoda Gosei Achieves Automotive SPICE Level 2 For Software Development Quality
- By MT Bureau
- April 17, 2026
Toyoda Gosei Co., Ltd. recently received independent verification from third-party certification body SGS Japan Inc. confirming that it has reached capability Level 2 under the Automotive SPICE international standards, which evaluate the quality of automotive software development. This achievement reflects a major step forward in the company’s software engineering practices.
As next-generation software-defined vehicles become more common, where performance increasingly depends on digital systems, developing software that enhances product value has grown essential. Toyoda Gosei has responded by integrating electronic components with its traditional rubber and plastic products. The company has therefore established structured processes and strengthened its software development systems, which serve as the foundation for creating advanced products.
Specifically, within an interior lighting project, the company has achieved capability Level 2 in Automotive SPICE international assessment standards, confirmed by a third-party organisation that the company’s software development processes demonstrate systematic execution and proper management, achieving a uniform level of maturity. Moving forward, Toyoda Gosei aims to continue producing higher value products that contribute to more comfortable mobility spaces.
Geely Auto Launches i-HEV Intelligent Hybrid Technology
- By MT Bureau
- April 15, 2026
Chinese automotive major Geely Auto has officially launched its i-HEV Intelligent Hybrid technology, which enters mass production immediately with the system slated for deployment across several models this year, including the Preface, Monjaro, Starray, and the fifth-generation Emgrand.
The technology utilises an artificial intelligence system and a dedicated hybrid powertrain to address historical gaps in fuel efficiency and smart feature integration.
The i-HEV system is built upon the i-CMA architecture, a hybrid-optimised version of the CMA platform that centralises the control of driving, cockpit and chassis functions.
A primary feature is the AI Cloud Power management system, which monitors exterior data such as temperature, humidity and altitude to optimise petrol-electric energy distribution. The company reports that this self-optimising strategy improves energy efficiency by more than 10 percent, while the engine achieves a thermal efficiency of 48.41 percent.
By decoupling the internal combustion engine (ICE) from the electric motor, the i-HEV adopts a motor-led layout designed to provide an electric-drive experience without external charging. The electric motor delivers up to 230kW, allowing the vehicle to operate on electricity for approximately 80 percent of the time. Performance data indicates a claimed zero to 30 kmph acceleration time of 1.84 seconds and a top speed of 66 kmph in electric mode.
The i-CMA architecture incorporates physical separation between oil and electric systems to enhance safety. Battery protection is managed through the Geely Battery Safety System, which includes a liquid-cooled battery with an IP68 resistance rating. The system is capable of real-time prediction for over 50 fault types.
Jerry Gan, CEO, Geely Auto Group, said, “Energy diversification is a strategic foresight for Geely Auto. A company’s true strategic focus is ensuring every path leads to the future, which tests the technological depth and powerful energy resilience of our entire system. The new i-HEV perfectly embodies this resilience, serving as a powerful testament to how artificial intelligence can elevate hybrid efficiency and performance to new industry standards.”
Tsuyo Among Deeptech Delegation To Japan Amid EV Expansion
- By MT Bureau
- April 14, 2026
Tsuyo Manufacturing (Tsuyo), an electric vehicle (EV) powertrain manufacturer, has been named as one of 15 Indian startups selected to represent the country in the deeptech category as part of the CII CIES Startup Delegation to Japan 2026.
The selection allows Tsuyo to engage with Japanese corporations during a period of increased EV expansion in Japan, aiming to establish long-term collaborations in engineering and supply chain integration.
The company specialises in electric powertrain solutions for three-wheelers, light commercial vehicles and heavy commercial applications, with a portfolio ranging from 0.5 kW to 400 kW.
Till date, Tsuyo has sold more than 200,000 motors and maintains partnerships with over 50 original equipment manufacturers (OEMs). The firm operates two manufacturing facilities in Greater Noida and focuses on research and development in collaboration with institutions such as the IITs and NITs.
In addition to its international engagement, Tsuyo recently received Single Window Clearance from the Government of Karnataka for a 20-acre manufacturing and validation campus in the Dharwad–Hubli region. This facility is intended to serve as a hub for the design, testing and large-scale production of powertrain components, reducing the domestic industry’s reliance on imported technology.
Vijay Kumar, Founder and CEO, Tsuyo Manufacturing, said, “Being selected for the CII CIES delegation is a proud moment - not just for Tsuyo, but for the evolution of India’s deeptech ecosystem. At Tsuyo, we see ourselves as a new age EV deep tech startup focused on co-creation, where innovation is built collaboratively across borders. India has the potential to engineer and scale world-class EV powertrain technologies, designed for real-world conditions and global applicability. Japan represents a strong strategic partner with its legacy of engineering excellence and disciplined manufacturing culture. Through this engagement, we aim to explore joint development opportunities, enable deeper supply chain integration, and contribute to the broader ‘Build India’ vision by strengthening local capabilities with global collaboration. Our approach to co-creation goes beyond technology - it extends to building robust supply chains, advancing futuristic mobility solutions, and aligning with the high standards of Japanese engineering. This is how we believe India will transition from being a growing EV market to a globally competitive EV technology hub.”
Ola Electric Intros S1 X+ E-Scooter With In-House 4680 Bharat Cell
- By MT Bureau
- April 13, 2026
Ola Electric has introduced the S1 X+ 5.2 kWh electric scooter, featuring the company’s indigenously developed 4680 Bharat Cell. The company claims that the launch marks the first time this cell technology has been integrated into a mass-market product. The e-scooter is available at an introductory price of INR 129,999 until 15 April.
The S1 X+ 5.2 kWh utilises an 11 kW mid-drive motor and an integrated motor control unit, providing a claimed top speed of 125 kmph and an IDC range of 320 km. It features a brake-by-wire system and front disc brakes. The use of the Bharat Cell reflects the company's strategy of vertical integration, which encompasses cell development, battery pack engineering and vehicle manufacturing.
Currently, Ola Electric’s portfolio includes the Gen 3 S1 scooter series and the Roadster motorcycle range. The S1 Gen 3 line-up consists of the S1 Pro+ and S1 Pro in various battery configurations, while the mass-market segment includes the S1 X+ and S1 X variants. The Roadster series is offered in X+ and X configurations with battery capacities ranging from 2.5 kWh to 9.1 kWh.
“With S1 X+ 5.2 kWh, we are taking our 4680 Bharat Cell to the mass market at scale. The same technology platform we built for our most advanced products is now powering a scooter designed for much wider EV adoption. This is exactly what vertical integration enables - the ability to innovate deeply, scale quickly, and bring our best technology to more and more customers, faster. S1 X+ 5.2 kWh is where performance, range and scale come together, and is another important step towards making EVs accessible to every Indian,” the company said in a statement.

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