AMPECO, a Bulgarian supplier of EV charging administration options, has secured €24.7 million in a Sequence B funding spherical led by Revaia, with participation from present traders Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures.
Based in 2019, AMPECO presents a white-label, hardware-agnostic platform that permits cost level operators (CPOs) and e-mobility service suppliers (eMSPs) to effectively scale their EV charging operations. The platform helps over 160 purchasers in 60 nations, connecting greater than 120,000 charging stations.
“This funding is a testomony to the onerous work of our staff and the belief our purchasers place in us,” stated Orlin Radev, CEO of AMPECO. “With this funding, we’re poised to additional drive innovation in EV charging administration software program, serving to our purchasers construct and scale strong charging networks that can speed up the worldwide transition to electrical mobility. The optimistic market suggestions has bolstered our imaginative and prescient for 2025, as we put together to launch new platform capabilities centered on operational excellence and community scalability.”
The EV market’s development is accelerating, with electrical automotive gross sales anticipated to surpass 30 million by 2030. In keeping with AMPECO, this development underscores the pressing want for charging infrastructure, with an estimated 40 million public charging factors required globally by the identical yr, representing a $500 billion funding alternative.
AMPECO has established partnerships with business gamers, together with EON Drive Infrastructure in Europe, ChargeGuru x Zeplug in France, Free2Move within the US, and Nordic leaders Wattif and Elaway. These collaborations spotlight the platform’s skill to fulfill the calls for of large-scale EV charging operators worldwide.
Morgan Kessous, Accomplice at Revaia, expressed confidence in AMPECO’s impression: “We’re thrilled to steer AMPECO’s Sequence B and accomplice with an organization that’s on the forefront of powering the way forward for electrical mobility,” stated Morgan Kessous, Accomplice at Revaia. “AMPECO’s unmatched customization, scalability, and seamless integration with third-party programs make it stand out as a key participant within the cost level administration area. In a market that calls for each flexibility and reliability, AMPECO’s platform gives the crucial infrastructure companies depend on to function their EV charging networks effectively and at scale. We’re proud to help AMPECO because it continues to develop and refine the platform, offering the infrastructure obligatory for the worldwide shift to electrical mobility.”
This newest funding brings AMPECO’s complete funding to €39.9 million and can help AMPECO’s plans to boost its platform’s capabilities, develop into key markets corresponding to Western Europe, Scandinavia, North America, and Southeast Asia, and double its staff dimension over the subsequent two years.
