The round was led by technology investor Revaia, with participation from existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures.
Bulgaria-based Ampeco says the investment will enable it to accelerate product development and expand its presence in key markets, solidifying its position as a global leader in EV charging software solutions.
Ampeco's white-label management platform enables charge point operators (CPOs) and e-mobility service providers (eMSPs) to manage and scale their EV charging operations efficiently. The company has experienced significant growth since its last funding round, now serving over 160 clients across 60 markets and connecting more than 120,000 charging stations to its platform. This market leadership was recently validated by IDC MarketScape, which recognized Ampeco as a Leader in their 2024 assessment of worldwide EV charging management solutions.
"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."
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 approximately 40 million public charging points by 2030, requiring an estimated US$500bn investment in charging infrastructure.
Ampeco has established itself as a key player in this market, securing partnerships with major industry leaders. Recent client acquisitions span across multiple regions, from Germany's EON Drive Infrastructure operating in 11 European countries to leading French operators ChargeGuru x Zeplug and INDIGO Group, US-based Free2Move, and Nordic leaders Wattif and Elaway.
“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”.
Ampeco says the Series B funding will fuel its 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. Additionally, Ampeco will 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.
Ampeco previously raised US$16m in venture capital in 2023. This latest investment brings its all-time raise to US$42m since it was founded in 2019.
