AMPECO Secures $26M in Series B Funding to Accelerate Global EV Charging Networks

On November 26, 2024, AMPECO announced it had secured $26 million in Series B funding, led by Revaia, with continued support from existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. This latest funding round brings the company’s total financing to $42 million since its founding in 2019, representing a major milestone in its mission to accelerate the global transition to electric mobility. The Series B investment will support AMPECO’s ambitious growth plans, including advancing product development and expanding its presence in key markets such as Western Europe, the Nordics, the UK, North America, and Southeast Asia. To achieve these goals, the company plans to double its workforce over the next two years.

“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.”

Since its Series A funding in 2023, AMPECO has achieved significant growth, now serving over 160 clients across 60 markets and managing over 120,000 connected charging stations. This leadership in the EV charging industry was recognized in 2024 by IDC MarketScape, which named AMPECO a Leader in its assessment of global EV charging management solutions.

AMPECO’s platform has gained traction with major EV charging providers worldwide, demonstrating its adaptability and reliability. In Europe, E.ON Drive Infrastructure implemented the solution across 11 countries, while French market leaders ChargeGuru x Zeplug and INDIGO Group also adopted AMPECO’s technology. In North America, Free2Move chose AMPECO for its network, and in the Nordic region, partners such as Wattif and Elaway joined its growing list of collaborators. These partnerships highlight AMPECO’s ability to support complex and large-scale EV charging networks across diverse markets and use cases.

Revaia, the lead investor in AMPECO’s Series B funding round, is a prominent technology investment firm focused on mission-driven companies with sustainable leadership and global ambitions. With support from institutions like the European Investment Fund, Revaia assists growth-stage companies through their life cycle, from Series B to IPO or acquisition. With offices in Paris, London, and Berlin, and a presence in North America, Revaia’s team brings extensive expertise and ESG-focused strategies to support transformative technology companies.

“We are thrilled to lead AMPECO’s Series B and partner with a company that is at the forefront of powering the future of electric mobility. At Revaia, we aim to back companies that deliver long-term and sustainable impact for multiple stakeholders. AMPECO is an excellent example of this vision in action, as it plays a crucial role in scaling EV infrastructures globally,” said Morgan Kessous, Partner at Revaia.

This latest investment round follows last year’s $16 million raise, underscoring AMPECO’s rapid growth trajectory as it continues solidifying its position as a trusted partner for businesses looking to scale their EV charging infrastructure globally.