Ampeco Closes $26 Million Round to Accelerate Global EV Charging Expansion

Ampeco, a rapidly growing EV charging startup, has raised $26 million in a Series B funding round, bringing its total capital raised to $42 million since the company’s founding in 2019. The Series B round was led by the investment firm Revaia, with significant participation from existing investors, including Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. This new round of funding will provide Ampeco with the resources needed to accelerate its growth trajectory, enhance product development, and expand into key international markets.

The company, which specializes in developing cutting-edge EV charging management software, has big plans for the future. It aims to use the Series B capital to drive innovation in its platform, which helps electric vehicle operators build and manage scalable charging networks. With this additional funding, Ampeco intends to expand its presence in high-growth regions such as Western Europe, the Nordics, the United Kingdom, North America, and Southeast Asia. In fact, the company has outlined plans to double the size of its team over the next two years, positioning itself to meet the increasing demand for EV charging infrastructure and services worldwide.

Orlin Radev, CEO of Ampeco, expressed his excitement and pride regarding the investment, emphasizing that it is a reflection of the hard work and dedication of the entire Ampeco team, as well as the trust placed in the company by its clients. Radev said, “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.” He went on to note that the positive market feedback Ampeco has received reinforces their long-term vision for 2025, which includes launching new platform capabilities focused on operational excellence, reliability, and scalability in charging network management.

Ampeco’s platform currently serves more than 160 clients across 60 different markets globally, with the company managing connections to over 120,000 charging stations. Ampeco’s expertise and leadership in the space have been recognized by MarketScape, which named the company a “Leader” in their 2024 assessment of worldwide EV charging management solutions. The company’s growing reputation has also attracted some of the industry’s largest EV charging providers, including E.ON Drive, ChargeGuru, and INDIGO Group, helping Ampeco expand its reach in both established and emerging markets.

Ampeco’s strategic partnerships also highlight its expanding influence. The company has established key relationships with major players like Free2Move, a US-based mobility services provider, as well as Nordic pioneers Wattif and Elaway, which have strengthened its position in the European and North American markets. These partnerships are critical to Ampeco’s continued success as they allow the company to offer a comprehensive suite of services that support the global transition to electric mobility.

Revaia, a new investor in this round, brings additional expertise and resources to Ampeco as it embarks on its next phase of growth. The infusion of capital will help the company scale its operations and solidify its leadership position in the EV charging sector, contributing to the development of sustainable transportation infrastructure around the world.

With the EV market continuing to expand at an unprecedented rate, Ampeco’s technology and innovative approach to EV charging management make it a critical player in the future of electric mobility. The company’s focus on operational efficiency, scalability, and customer satisfaction positions it well for continued success in the competitive and rapidly evolving electric vehicle ecosystem. The Series B investment marks a major milestone for Ampeco, as it is well-positioned to lead the way in accelerating the growth of electric vehicle charging networks and supporting the global transition to a more sustainable and electrified future.