Mountain View, CA – BMW i Ventures announced that they have made a lead investment in AMPECO, an electric vehicle charging management platform that enables large-scale public, business, fleet, and residential providers to manage EV chargers at scale. The funding will be used to drive further expansion into North America and Europe, while also growing AMPECO’s engineering and product innovation teams.
AMPECO’s hardware-agnostic white-label solution for customized charging systems gives charging network operators full ownership over all aspects of their business. This includes the ability to select their preferred hardware partners, manage branding, customer relations, partnerships, and payment flows. Additionally, AMPECO’s solution seamlessly integrates with smart meters, building management systems, and renewable energy sources to maximize efficiency.
Baris Guzel, Partner at BMW i Ventures, stated, “As EV sales are proliferating, access to EV charging infrastructure becomes more critical than ever. AMPECO’s hardware-agnostic and comprehensive software solution enables clients to launch and grow their own EV charging networks quickly. We are convinced that the AMPECO team has the potential to truly lead the space, and we could not be more excited to join their journey. We have no doubt they could unlock the true potential of EV charging globally as more providers deploy their proven solution.”
Orlin Radev, CEO of AMPECO, added, “There is an incredible opportunity for EV charging providers to build and scale a profitable business using innovative technologies. This is exactly what AMPECO offers – we give them the flexibility to use our software platform by integrating it closely with their existing systems and providing them with complete control of their business, from customer relationships to payment flows.”
Radev also commented on the investment from BMW i Ventures, “We are thrilled to have BMW i Ventures on board in this round to now expand our reach even further. This investment will help make AMPECO the backbone of charging network operators – enabling them to monetize their networks will, in turn, help them move faster to deploy their infrastructure, ultimately making EV viable for more drivers everywhere.”
Over the past four years, AMPECO has established a leading global presence, representing 62,000 charging points in more than 45 markets with a focus on Europe and North America.