AMPECO secured $26M in the Series B round to grow its EV Charging Software platform unlock the global electric mobility potential of cities and countries worldwide and gain new market share.
AMPECO, an electric vehicle charging management software vendor, has closed its Series B funding round at $26 million. Revaia led this round with support from BMW i Ventures, Cavalry Ventures, and other investors. With a total funding of $ 42m, AMPECO’s goals include the strong development and growth and its product concepts.
Solving the Widget World Challenge for Global EV Growth:
Currently, the market for EVs is rapidly developing; by 2030, the number of electric cars sold will exceed 30 million. To this end, the charging infrastructure globally has to grow by many folds. Such needs are addressed by the AMPECO Charging Management Platform, which provides an end-to-end, flexible solution for residential and commercial charging, as well as public fleet charging.
EV Charging Software – Flexible, Clear, Scalable:
Launched in December 2019, the AMPECE platform provides solutions for providers of charging infrastructure for EVs to develop their network and select charging hardware from a range of suppliers. It interfaces well with the existing building management systems, smart meters, and renewable power supplies. Working with more than 160 clients in 60 markets, it links over 120,000 charging points worldwide.
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AMPECO has stated its intention to step up the rate of its growth in markets such as West European, North American, and South East Asian markets. It will also allow for the doubling of its workforce, which will allow for ensuring the fulfillment of the above goals, as well as further development of the company in the field of management of EV charging.
AMPECO focuses on strategies that position it as a scalable and flexible partner for large-scale EV charging operators, prioritizing customer success. Moreover, the Series B funding empowers AMPECO to enhance its platform, expand its reach, and accelerate the global adoption of electric vehicles, driving a lasting impact on international electric mobility.
