Ampeco, the fast-growing electric vehicle (EV) charging startup, has successfully secured $26 million in a Series B funding round led by Revaia, with contributions from existing investors including Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. This latest infusion of capital brings Ampeco’s total funding to $42 million since its founding in 2019, propelling the company’s plans for rapid expansion across key global markets.
The Series B funding will be instrumental in supporting Ampeco’s growth trajectory, helping the company enhance its product offerings and enter new territories such as Western Europe, the Nordics, the United Kingdom, North America, and Southeast Asia. With a clear focus on increasing market penetration and accelerating innovation, Ampeco plans to double its workforce within the next two years.
Ampeco’s CEO, Orlin Radev, expressed his optimism about the future: “This investment is a testament to the hard work of our team and the trust our clients place in us. 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.”
Already, Ampeco has established a strong presence in the EV sector, serving over 160 clients in more than 60 markets and connecting over 120,000 charging stations to its platform. The company has earned recognition as a leader in the global EV charging management space, with a spot in the 2024 MarketScape report for EV charging management solutions. Ampeco’s client roster includes major players in the industry, such as E.ON Drive, ChargeGuru, and INDIGO Group.
Ampeco’s impressive network of partnerships spans multiple regions, with collaborations in the US with Free2Move, and in the Nordics with pioneers like Wattif and Elaway. This extensive network of collaborations and the continued positive feedback from customers demonstrates Ampeco’s solid position in a rapidly growing industry.
Editorial Opinion: A Bright Future for Ampeco and the EV Charging Industry
Ampeco’s innovative approach to EV charging management software puts the company in a prime position to shape the future of electric mobility. As governments around the world implement stricter environmental policies and consumers increasingly make the switch to electric vehicles, the demand for efficient, scalable charging solutions will only intensify. Ampeco’s proven track record, growing partnerships, and technological advancements indicate that it is well-equipped to address these challenges.
The company’s focus on network scalability and operational excellence is a smart move, as these capabilities will be essential in meeting the needs of a rapidly expanding EV infrastructure. By continuously improving its platform, Ampeco is setting itself apart from competitors who may struggle to keep up with the complexities of scaling charging networks across regions.
Furthermore, the strategic entry into key markets such as North America, Western Europe, and Southeast Asia is not only timely but essential for Ampeco’s long-term success. With increasing consumer demand for electric vehicles and governments’ commitments to reducing emissions, the market for EV charging infrastructure is expected to grow exponentially in the coming years. Ampeco’s ability to leverage local partnerships and expand its presence in these regions positions it to capture a significant share of this burgeoning market.
In conclusion, Ampeco is on the right path to becoming a leading player in the global EV charging landscape. Its impressive technology, strong partnerships, and commitment to innovation are all driving forces that will contribute to the company’s continued success and the broader goal of advancing the global transition to electric mobility.
If you need further assistance or have any corrections, please reach out to editor@thetimesmag.com.
