AMPECO, a provider of EV charging management platforms, announced it has raised $26 million in Series B funding. The round was led by Revaia, with participation from Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures.
This funding will support AMPECO’s plans to advance its product development and expand its operations in key markets. AMPECO’s white-label management platform enables charge point operators (CPOs) and e-mobility service providers (eMSPs) to manage and scale EV charging networks efficiently.
Since its last funding round, the company has grown significantly, now serving over 160 clients across 60 markets and connecting more than 120,000 charging stations.
The global EV market is expected to grow substantially, with electric car sales projected to reach over 30 million by 2030. This growth will require approximately 40 million public charging points by the same year, alongside an estimated $500 billion investment in charging infrastructure.
AMPECO has formed key partnerships with major operators, including Germany’s EON Drive Infrastructure, France’s ChargeGuru x Zeplug and INDIGO Group, U.S.-based Free2Move, and Nordic leaders Wattif and Elaway, demonstrating the platform’s ability to meet the demands of large-scale providers worldwide. It was recently recognized as a “Leader” in IDC MarketScape’s 2024 assessment of EV charging management solutions, reflecting its role in addressing the growing demand for EV charging infrastructure.
With this new funding, AMPECO plans to enhance its platform, introduce new features, and expand in markets across Western Europe, Scandinavia, the UK, North America, and Southeast Asia. To support these efforts, the company aims to double its team over the next two years, focusing on attracting talent across all areas of its operations.
As the EV charging market continues to grow, AMPECO is focused on providing scalable, integrated solutions that meet the needs of operators in this rapidly evolving space.
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