Ampeco secures $26 million to accelerate global EV charging networks

EV charging startup Ampeco has raised a $26M Series B round led by Revaia, with participation from existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. It has now raised a total of $42M since its founding in 2019. 

The Series B will power Ampeco’s growth while accelerating product development and expansion into key markets like Western Europe, the Nordics, the UK, North America, and Southeast Asia. Leadership plans to double the team size over the next two years.

Orlin Radev, CEO at Ampeco, commented: “This investment is a testament to the hard work of our team and the trust our clients place in us. With this funding, we’re poised to further drive innovation in EV charging management software, helping our clients build and scale robust charging networks that will accelerate the global transition to electric mobility. The positive market feedback has reinforced our vision for 2025 as we prepare to launch new platform capabilities focused on operational excellence and network scalability.” 

The company now serves over 160 clients across 60 markets and connects more than 120,000 charging stations to its platform. MarketScape recognized Ampeco as a Leader in their 2024 assessment of worldwide EV charging management solutions and it has attracted major EV charging providers across multiple regions such as E.ON Drive, ChargeGuru and INDIGO Group.

Partnerships include US-based Free2Move and Nordic pioneers Wattif and Elaway. Revaia is a new investor for this round.