- EV charging software provider, AMPECO, has raised $26 million in a Series B round of funding – bringing the total funding in the company up to $42 million, since the firm was founded back in 2019.
- This round of funding was led by technology investors Revaia, while supported by AMPECO’s existing investors such as Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures.
- The additional funding will help support AMPECO’s global ambitions.
AMPECO more than doubles its total funding in Series B drive
The $26 million follows the first $13 million of funding acquired by AMPECO, back in early 2023. This new, additional funding will help AMPECO further expand into its key markets, which include the United Kingdom, the Nordics, Western Europe, North America, and Southeast Asia. This will also be achieved by doubling the size of AMPECO’s workforce, over the next two years.
This new funding is another recent win for AMPECO. Earlier this month, the firm was named a ‘leader in EV charging management’ by IDC Marketscape. Additionaly, it has recently partnered with significant players in the charging industry, such as E.ON Drive Infrastructure and ChargeGuru x Zeplug – two of the 160-plus clients it currently serves. With this new significant financial backing, you can expect AMPECO’s growth to accelerate even further in the coming months and years.
AMPECO’s CEO, Orlin Radev, commented on the latest funding round:
“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.”
