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Ampeco receives fresh capital and aims to boost the EV market with charge management
The specialist for EV charging management platforms, Ampeco, has completed a Series B financing round worth 26 million USD. The funding round was led by Revaia, with participation from existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. With this, the provider aims to accelerate product development and expand its presence in key markets such as Western Europe, Scandinavia, the UK, North America, and Southeast Asia, to solidify its position as a global leader for software solutions in managing EV charging infrastructures, it says. Additionally, they plan to double the number of employees over the next two years.
The white-label management platform enables Charge Point Operators (CPOs) and e-Mobility Service Providers (eMSPs) to efficiently manage and scale their EV charging stations. Since the last funding round, the company has experienced significant growth and now serves over 160 clients in 60 markets with more than 120,000 charging stations connected to the platform.
"With this financing, we can further drive innovation in the EV charging management software sector and support our clients in building and scaling robust charging networks that accelerate the global transition to electromobility. The positive feedback from the market strengthens our vision for 2025 as we prepare to introduce new platform features aimed at operational excellence and network scalability," explained Orlin Radev, CEO of Ampeco.
The global market for electric vehicles is growing rapidly, and by 2030, more than 30 million electric vehicles are expected to be sold, according to the provider's forecast. For this, according to Ampeco, around 40 million public charging points will be needed worldwide, which requires investments in the charging infrastructure estimated at 500 billion US dollars. The company has established itself as an important player in this expanding market and has entered into partnerships with international industry leaders. Recent customers include E.ON Drive Infrastructure from Germany, which operates in eleven European countries, the leading French operators ChargeGuru x Zeplug and INDIGO Group, the US company Free2Move, as well as the Nordic market leaders Wattif and Elaway.
The platform is characterized by adaptability, scalability, and seamless integration with third-party systems, praises Morgan Kessous, Partner at Revaia. In a market that demands both flexibility and reliability, AMPECO's platform provides the critical infrastructure companies need to operate their EV charging networks efficiently and at a large scale.
Translated automatically from German.
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