How Much Did AMPECO Raise? Funding & Key Investors

AMPECO has successfully raised funding over two rounds, with the latest being a Series B round involving four investors, including Revaia as a lead investor. The company offers a comprehensive EV charging management platform, featuring robust backend capabilities, a marketplace, and customizable web and mobile apps.

Keep reading to explore the intricacies of AMPECO's fundraising journey and the investors backing this innovative platform.

What Is AMPECO?

AMPECO, based in Sofia, Bulgaria, is a leading provider of EV charging management software. The company operates in industries such as Automotive, Electric Vehicle, Energy, and Enterprise Software. With a team of over 180 employees, AMPECO supports a global market, serving customers in more than 65 countries.

Founded to address the growing need for efficient EV charging solutions, AMPECO offers a comprehensive platform that includes operations and management, energy management, payment and billing management, and more. The company emphasizes full operational control, data ownership, and a hardware-agnostic design, making it a versatile choice for various EV charging use cases.

How Much Funding Has AMPECO Raised?

1. Series A
   • Amount Raised: USD 13,000,000
   • Date: January 2023
   • Lead Investors: BMW i Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the company's early growth and development stages.
2. Series B
   • Amount Raised: USD 26,000,000
   • Date: November 2024
   • Lead Investors: Revaia
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate product development, expand market presence, and enhance platform capabilities.

Total Amount Raised: USD 39,000,000. 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 companies from Series B to IPO or buyout, with offices in Paris, London, and Berlin.
  • Investment Focus Areas: Technology, sustainable leadership, global ambitions
  • Notable Investments: Not publicly disclosed
• BMW i Ventures
  • Details: BMW i Ventures is a venture capital firm that invests in high-potential startups in the fields of transportation, manufacturing, and supply chain. They are known for their strategic investments in innovative technology companies.
  • Investment Focus Areas: Transportation, manufacturing, supply chain
  • Notable Investments: Not publicly disclosed
• Cavalry Ventures
  • Details: Cavalry Ventures is an early-stage venture capital firm that invests in innovative technology companies. They have a strong focus on supporting startups through their growth phases.
  • Investment Focus Areas: Early-stage technology companies
  • Notable Investments: Not publicly disclosed
• LAUNCHub Ventures
  • Details: LAUNCHub Ventures is a venture capital firm that invests in early-stage technology startups in the CEE region. They focus on scalable and innovative technology solutions.
  • Investment Focus Areas: Early-stage technology startups, scalable technology solutions
  • Notable Investments: Not publicly disclosed

What's Next for AMPECO?

AMPECO is poised to capitalize on the burgeoning global EV market, with plans to expand into key regions such as Western Europe, North America, and Southeast Asia. The company aims to double its team size and enhance its platform capabilities, serving over 160 clients and connecting more than 120,000 charging stations. This growth is driven by the increasing demand for scalable and reliable EV charging infrastructure.

Future fundraising opportunities are likely as AMPECO continues to scale its operations and innovate its product offerings. The involvement of investors like Revaia, who support companies from Series B to IPO or buyout, indicates potential for significant future investments or even an IPO. The company’s strategic partnerships and market leadership position it well for attracting further capital.

However, AMPECO faces challenges such as competition from other EV charging management platforms and the need to continuously innovate to stay ahead. Navigating regulatory and compliance issues in different markets and managing rapid growth while maintaining high-quality service are also potential hurdles. Despite these challenges, AMPECO's strategic vision and robust growth plans make it a key player in the global transition to electric mobility.

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