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Bulgarian startup AMPECO, specializing in EV charging management solutions, has raised $26 million in Series B funding. The round was led by Revaia, with additional participation from existing investors including Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. This new investment brings AMPECO’s total funding to $42 million, following a $13 million investment raised the previous year.
This funding will allow AMPECO to accelerate its expansion and enhance its product offerings, positioning the company to meet the increasing demand for electric vehicle (EV) charging infrastructure worldwide. The company plans to significantly boost the capabilities of its platform to ensure it remains at the forefront of EV charging technology for large-scale providers. In addition, AMPECO aims to expand its presence across key international markets, including Western Europe, Scandinavia, the UK, North America, and Southeast Asia. The company also intends to double its workforce over the next two years, with plans to recruit top-tier talent across all departments to support its growth trajectory.
Addressing the Global EV Charging Challenge
The electric vehicle market is growing very rapidly around the world, with over 30 million electric cars likely to be sold by 2030. Experts estimate that by the end of this decade, nearly 40 million public charging points would be needed around the world, which would require a spending of about $500 billion on infrastructure development.
AMPECO is also emerging as a key enabler in this transformation, since it has already partnered with major players in the EV charging sector. Its recent acquisitions in various European markets clearly showcase the scalability of the platform in supporting the needs of big, global EV charging providers.
All-In-One EV Charging Solution by AMPECO
Founded in 2019 by Orlin Radev, Alexander Alexiev, and Stefan Ivanov, AMPECO brings an all-in-one type of software platform providing solutions for flexible residential, commercial, and public EV fleets with charging. The platform does not fix customers to a single partner for hardware but can accept different hardware components as users need them. This integration also includes a building management system, smart meters, and renewable energy sources, bringing a complete solution for both CPOs and eMSPs.
To date, the white-label management platform by AMPECO has garnered more than 160 clients in 60 countries, linking over 120,000 charging stations. Notable clients include EON Drive Infrastructure, ChargeGuru, Zeplug, INDIGO, and EV Edge. AMPECO continues to cement its position as the reliable partner for EV charging solutions.
What’s in the Future for AMPECO
As the global demand for EV charging increases, AMPECO will continue to work on innovation solutions that evolve with the market. Its focus on scalability, integrations, and customer satisfaction has made it a trusted partner for businesses looking to capitalize on electric mobility growth.
This investment is a testament to the dedication of our team and the trust our clients place in our platform,” added Orlin Radev, CEO of AMPECO. “With this new funding, we are positioned to continue innovating and enhancing our software to help our clients build and scale robust EV charging networks.”. We are obviously looking forward to these next evolutions, towards better operational efficiency and network scalability, which will certainly support the fast-paced transition of the world to electric mobility.
Morgan Kessous, Partner at Revaia, expressed enthusiasm about leading AMPECO’s Series B funding round, stating, “We are excited to partner with a company that is shaping the future of electric mobility. AMPECO is a prime example of how companies can make a lasting, sustainable impact on global infrastructure, and we are confident that their platform will play a pivotal role in scaling EV charging networks around the world.”
With this new capital injection, AMPECO is equipped to push forward with the mission of scalable, efficient, and sustainable EV charging networks that will facilitate mass-scale adoption of electric vehicles across the world. As the company innovates further, it would become a leading participant in the emerging EV infrastructure space.
