Sign up for our popular daily email to catch all the latest EV news!
AMPECO, a leading provider of EV charging management platforms, has successfully raised $26 million in Series B funding. The funding round was led by Revaia, alongside existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. The new investment brings AMPECO’s total funding to $42 million, aimed at accelerating product innovation and expanding market presence in the growing EV charging sector.
Key Highlights:
- Series B funding of $26 million led by Revaia.
- Expansion to key global markets, including Western Europe, Scandinavia, the UK, North America, and Southeast Asia.
- Product innovation focused on scalability and new platform capabilities for large-scale EV charging networks.
- Plans to double team size over the next two years to support growth.
- Recognized as a Leader by IDC MarketScape in 2024 for EV charging management solutions.
AMPECO’s white-label platform provides Charge Point Operators (CPOs) and e-Mobility Service Providers (eMSPs) the tools to efficiently manage and grow their charging networks. The company has seen notable growth since its last funding round, now serving over 160 clients in 60 markets and managing more than 120,000 charging stations. This market position was affirmed by the recent recognition from IDC MarketScape as a leader in the EV charging management space.
“This investment is a testament to the hard work of our team and the trust our clients place in us,” said Orlin Radev, CEO of AMPECO. “With this funding, we’re poised to further drive innovation in EV charging management software, helping our clients build and scale robust charging networks that will accelerate the global transition to electric mobility. The positive market feedback has reinforced our vision for 2025, as we prepare to launch new platform capabilities focused on operational excellence and network scalability.”
The global EV market is expanding rapidly, with electric car sales projected to exceed 30 million by 2030. To meet this demand, around 40 million public charging points will be required globally, necessitating an investment of $500 billion in charging infrastructure by 2030. AMPECO is strategically positioning itself to address these growing needs with partnerships involving major industry leaders such as EON Drive Infrastructure, ChargeGuru x Zeplug, INDIGO Group, Free2Move, Wattif, and Elaway.
“We are thrilled to lead AMPECO’s Series B and partner with a company that is at the forefront of powering the future of electric mobility,” said Morgan Kessous, Partner at Revaia. “At Revaia, we aim to back companies that deliver long-term and sustainable impact for multiple stakeholders. AMPECO is an excellent example of this vision in action, as it plays a crucial role in scaling EV infrastructures globally.”
The Series B funding will support AMPECO’s strategy across multiple areas, including accelerated product innovation, expanding in key markets, and increasing its workforce. The company aims to double its team size over the next two years, enhancing its capabilities in product development and customer success. AMPECO remains focused on providing scalable solutions that address the challenges of large-scale EV charging operations.
Since its founding in 2019, AMPECO has continued to establish itself as a leading player in the EV charging sector, helping its clients develop and scale EV charging infrastructure under their own brands. The company raised $16 million in venture capital in 2023, and this latest funding round brings its total investment to $42 million.
For more information about AMPECO and its solutions for EV charging management, visit www.ampeco.com.
Sign up for our popular daily email to catch all the latest EV news!
