Bulgarian startup AMPECO, an EV charging management platform provider, has raised $26 million in Series B funding. The round was led by Revaia (recently backed Planity and FASST), with participation from existing investors Cavalry Ventures (backed Kinnu and Nory), BMW i Ventures, and LAUNCHub Ventures. This follows the $13 million investment secured last year and takes the total funding secured to date to $42 million.
This investment will fuel AMPECO’s ambitious growth strategy across multiple fronts. The company plans to accelerate product innovation, enhancing its platform to provide the most robust feature set for large-scale EV charging providers globally. It will also expand its presence in key markets, including Western Europe, Scandinavia, the UK, North America, and Southeast Asia. To support this growth, the company aims to double its team size over the next two years, bringing in top talent across all departments to drive its mission forward.
What challenge does it tackle?
The global EV market is experiencing rapid growth, with electric car sales projected to reach over 30 million by 2030. To support this growth, the world will need nearly 40 million public charging points by 2030, requiring an estimated $500 billion investment in charging infrastructure.
AMPECO has established itself as a key player in this expanding market, securing partnerships with major industry leaders. Recent client acquisitions across multiple European countries. These partnerships demonstrate the platform’s ability to meet the needs of large-scale EV charging providers globally.
All-in-one EV charging software
Founded in 2019 by Orlin Radev, Alexander Alexiev, and Stefan Ivanov, AMPECO provides EV charging providers with a service that addresses the needs of residential, commercial, and public fleets. Instead of being bound to a single hardware provider, the platform’s goal is to let customers manage chargers at scale and then pick and choose/mix and match from hardware partners. In addition, it is compatible with building management systems, smart meters, and renewable energy sources.
The white-label management platform enables charge point operators (CPOs) and e-mobility service providers (eMSPs) to manage and scale their EV charging operations efficiently. Currently, the company serves over 160 clients across 60 markets and connects more than 120,000 charging stations to its platform. Its clients include EON Drive Infrastructure, ChargeGuru, Zeplug, INDIGO, and EV Edge.
What holds for its future?
As the EV charging market continues to evolve, AMPECO remains committed to developing solutions that address the complex challenges faced by large-scale operators in the EV charging space. The company’s focus on scalability, integrations, and customer success has positioned it as a trusted partner for businesses looking to capitalise on the growing demand for EV charging infrastructure.
“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.”
“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,” said Morgan Kessous, Partner at Revaia. “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.”
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