AMPECO's $26 Million Series B Funding to Expand Global EV Charging Solutions

AMPECO Secures $26 Million in Series B Funding

AMPECO, a prominent provider of EV charging management solutions, has recently announced securing $26 million in Series B funding led by Revaia. This new investment reaffirms AMPECO's steady growth and commitment to innovating within the electric vehicle (EV) charging sector. With this latest round, their total funding has reached an impressive $42 million since the company was founded in 2019.

The decision to invest in AMPECO aligns with the growing demand for robust EV charging solutions, reflecting a significant shift towards sustainable transport systems globally. The funding will empower AMPECO to not only accelerate its product development initiatives but also solidify its presence in critical markets, further establishing itself as a leader in the EV charging management landscape.

A Spotlight on Growth and Market Leadership

Since the previous funding round, AMPECO has seen expansive growth. The company now supports over 160 clients across more than 60 markets, integrating over 120,000 charging stations into its management platform. This significant market presence has been recognized by IDC MarketScape, which recently identified AMPECO as a Leader in its assessment of global EV charging management solutions for 2024.

Orlin Radev, CEO of AMPECO, expressed gratitude towards the team and confidence in future innovations: "This funding exemplifies the hard work of our team and the trust our clients place in us. We're set to further enhance our EV charging management software, aiming to help our clients establish resilient charging networks that contribute to the global transition to electric mobility."

The Surge in Electric Vehicle Market

The global EV market is undergoing remarkable transformation, where electric vehicle sales are expected to surpass 30 million units by 2030. To accommodate this escalation, around 40 million public charging points are required, translating to a staggering projected investment of about $500 billion in charging infrastructure.

AMPECO stands at the forefront of this evolving landscape, having formed partnerships with numerous key players in the industry, such as Germany's EON Drive Infrastructure and French operators like ChargeGuru x Zeplug. These collaborations highlight AMPECO's platform's capability to meet the diverse needs of large-scale EV charging providers across various geographical regions.

Future Endeavors and Innovations

The Series B funding will underwrite AMPECO's ambitious growth strategy. The company aims to amplify product innovation, enhancing their platform further to offer unparalleled features for large-scale EV charging operators worldwide. AMPECO also plans to expand its operational footprint to crucial markets, including Western Europe, Scandinavia, the UK, North America, and Southeast Asia. Additionally, the company is seeking to double its workforce over the next two years, attracting top talent to drive its mission forward.

As the EV charging landscape continues to evolve, AMPECO remains steadfast in developing solutions tailored to solve the multifaceted challenges faced by large-scale operators. Its ongoing commitment to scalability, integrations, and customer satisfaction has positioned it as a trusted partner for businesses looking to leverage the increasing demand for EV charging infrastructure.

For more information about AMPECO and its innovative solutions, visit www.ampeco.com.

Conclusion

AMPECO's successful funding round marks a pivotal moment, illustrating not only the growing confidence from investors but also highlighting the crucial role the company plays in shaping the future of electric mobility. By continuing to innovate and expand, AMPECO is setting the pace for a sustainable future where electric vehicles become the norm rather than the exception.