AMPECO, a Bulgarian provider of EV charging management solutions, has secured €24.7 million in a Series B funding round led by Revaia, with participation from existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures.
Founded in 2019, AMPECO offers a white-label, hardware-agnostic platform that enables charge point operators (CPOs) and e-mobility service providers (eMSPs) to efficiently scale their EV charging operations. The platform supports over 160 clients in 60 countries, connecting more than 120,000 charging stations.
“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 EV market’s growth is accelerating, with electric car sales expected to surpass 30 million by 2030. According to AMPECO, this growth underscores the urgent need for charging infrastructure, with an estimated 40 million public charging points required globally by the same year, representing a $500 billion investment opportunity.
AMPECO has established partnerships with industry players, including EON Drive Infrastructure in Europe, ChargeGuru x Zeplug in France, Free2Move in the US, and Nordic leaders Wattif and Elaway. These collaborations highlight the platform’s ability to meet the demands of large-scale EV charging operators worldwide.
Morgan Kessous, Partner at Revaia, expressed confidence in AMPECO’s impact: “AMPECO’s unmatched customisation, scalability, and seamless integration with third-party systems make it stand out as a key player in the charge point management space. In a market that demands both flexibility and reliability, AMPECO’s platform provides the critical infrastructure businesses rely on to operate their EV charging networks efficiently and at scale. We are proud to support AMPECO as it continues to expand and refine the platform, providing the infrastructure necessary for the global shift to electric mobility.”
This latest investment brings AMPECO’s total funding to €39.9 million and will support AMPECO’s plans to enhance its platform’s capabilities, expand into key markets such as Western Europe, Scandinavia, North America, and Southeast Asia, and double its team size over the next two years.
