Total amount raised
$39 Millions
Latest funding date
11/01/2024
Location
AMPECO has successfully raised significant funding over multiple rounds, positioning itself as a key player in the EV charging software industry. The platform offers a comprehensive suite of tools designed to manage and optimize electric vehicle charging infrastructure.
Keep reading to explore the intricacies of AMPECO's fundraising journey and the investors backing this innovative platform.
What Is AMPECO?
AMPECO operates in the electric vehicle (EV) charging software industry, providing a comprehensive platform for managing EV charging infrastructure. The company supports various use cases, including single-home, fleet, workplace, and on-street charging.
With office locations in the USA, United Kingdom, France, and Bulgaria, AMPECO serves a global market, supporting over 120,000 charge points in more than 60 countries. The company boasts a team of over 140 members dedicated to delivering robust and flexible solutions for EV charging providers.
How Much Funding Has AMPECO Raised?
- Series A
- Amount Raised: $13M
- Date: January 2023
- Lead Investors: BMW i Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and market expansion.
- Series B
- Amount Raised: $26M
- Date: November 2024
- Lead Investors: Revaia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development, expand market presence, and solidify AMPECO's position as a global leader in EV charging software solutions.
Total Amount Raised: $42M. Current Valuation: Not publicly disclosed.
Key Investors
- Revaia
- Details: Revaia is a leading technology investor that partners with mission-driven entrepreneurs with global ambitions and sustainable leadership. They support growth-stage companies from Series B to IPO or buyout, with offices in Paris, London, and Berlin, and a presence in North America.
- Investment Focus Areas: Technology, sustainable leadership, global ambitions
- Notable Investments: Not publicly disclosed
- Cavalry Ventures
- Details: Cavalry Ventures is an existing investor in AMPECO, known for backing innovative and scalable technology solutions. They have a strong interest in early-stage investments.
- Investment Focus Areas: Early-stage technology, innovation, scalable solutions
- Notable Investments: Not publicly disclosed
- BMW i Ventures
- Details: BMW i Ventures is an existing investor in AMPECO, focusing on high-potential startups in the mobility sector. They aim to drive innovation in sustainable mobility solutions.
- Investment Focus Areas: Mobility, innovation, sustainability
- Notable Investments: Not publicly disclosed
- LAUNCHub Ventures
- Details: LAUNCHub Ventures is an existing investor in AMPECO, supporting early-stage technology startups. They are known for their commitment to fostering innovation and growth.
- Investment Focus Areas: Early-stage technology, innovation, growth
- Notable Investments: Not publicly disclosed
What's Next for AMPECO?
AMPECO is poised to capitalize on the burgeoning demand for EV charging infrastructure, with plans to expand into key markets such as Western Europe, the Nordics, the UK, North America, and Southeast Asia. The company aims to enhance its platform capabilities and double its team size over the next two years, positioning itself as a leader in the global EV charging management space.
Future fundraising opportunities appear promising, with potential for additional investment rounds to support continued growth and innovation. The involvement of investors like Revaia, who guide companies from Series B to IPO or buyout, suggests a strong trajectory for AMPECO's financial future.
However, AMPECO may face challenges such as competition from other EV charging management platforms, navigating diverse regulatory environments, and maintaining service quality while scaling operations. Despite these hurdles, the company's strategic plans and market positioning indicate a bright future ahead.
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