AMPECO raises $16 million for expansion of its EV charging management platform in the US
EV charging management platform AMPECO has raised $16 million in venture capital investment after closing a $13-million Series A funding round led by BMW i Ventures. The round also included LAUNCHub Ventures, Cavalry Ventures and a number of angel investors.
The company offers a white-label, hardware-agnostic EV charging management platform that covers public, private and home charging and currently serves 120 customers in 45 markets, representing over 62,000 charging points in Europe and North America.
AMPECO says it plans to use the new funding for expansion in North America and for building the company’s engineering and product innovation teams there as well as in the UK, France and Germany.
“There is an incredible opportunity for EV charging providers to build and scale a profitable business using innovative technologies,” says AMPECO CEO Orlin Radev. “This is exactly what AMPECO offers—we give them the flexibility to use our software platform by integrating it closely with their existing systems and providing them with complete control of their business, from customer relationships to payment flows.”