Ampeco Accelerates Growth with $26M Series B Funding Round
EV charging platform Ampeco has successfully closed a $26 million Series B funding round, led by growth equity firm Revaia. This latest investment brings the company’s total funding to $42 million, following its $13 million Series A in 2023.
Why Ampeco Stands Out in the EV Charging Market
Unlike rigid end-to-end charging solutions, Ampeco offers flexible, hardware-agnostic software that enables automakers (OEMs) to:
- Compete with industry giants like Tesla
- Differentiate their offerings through customizable solutions
- Focus resources on enhancing customer experiences
This approach has positioned Ampeco as a key player in the rapidly expanding EV sector.
The Surging Demand for EV Charging Infrastructure
The global EV market is experiencing unprecedented growth:
- Projected electric car sales: 30+ million by 2030 (IEA)
- Required public charging points: 40 million by 2030 (McKinsey)
- Estimated infrastructure investment: $500 billion
Ampeco’s Rapid Expansion and Key Milestones
Headquartered in Sofia, Bulgaria, with operations across Europe, North America, and Southeast Asia, Ampeco has achieved remarkable growth:
- 160 clients across 60 markets
- 120,000+ charging stations (up from 62,000 in 2023)
- 100,000 additional stations in development
- Major clients: EON Drive Infrastructure, ChargeGuru, Zeplug, and INDIGO
Strategic Shift: API-First Approach
CEO Orlin Radev emphasized the company’s evolution:
“The real story isn’t just in numbers—it’s in who’s choosing us. Major utilities like EON Drive Infrastructure run their networks across 11 European countries on our platform.”
Ampeco has adopted an API-first strategy, launching a developer portal to empower large-scale operators to build custom solutions.
Industry Consolidation and Competitive Landscape
The EV charging market has seen significant consolidation:
- Driivz, GreenFlux, and EVConnect acquired by Vontier, DKV, and Schneider Electric
- Key compe*****s: Monta (€130M raised) and EV Energy ($87.8M raised)
Investor Confidence in Ampeco’s Vision
Morgan Kessous, Partner at Revaia, highlighted Ampeco’s strengths:
“We were drawn to their customization, scalability, and seamless third-party integrations.”
Existing investors Cavalry Ventures, BMW iVentures, and Launchhub also participated in the round.
The Road Ahead
Ampeco’s platform-agnostic model ensures adaptability amid shifting market trends, positioning it as a resilient leader in the EV charging revolution.
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