Bulgarian EV charging platform AMPECO has raised $26 million in a Series B funding round led by Revaia, a growth equity investment fund. The round also saw continued support from its existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. AMPECO announced the news on its website. 

About AMPECO

  • Founded in 2018 by Alexander Alexiev, Orlin Radev, and Stefan Ivanov, AMPECO develops a software solution which can easily integrate with existing systems and build custom EV charging solutions.

Ampeco’s Executive TeamImage: Ampeco’s Executive Team

  • AMPECO provides OEMs with a flexible charging network solution that allows them to mix and match hardware from various partners, enabling them to focus their resources on enhancing customer experiences or developing other services.

  • The company has taken an API-first approach and even launched a developer portal, enabling large-scale operators to build custom solutions on top of its platform.

Originally hailing from Sofia, Bulgaria, now operating all across Europe, AMPECO has 160 customers in 60 markets, 120,000 charging stations, and clients such as EON Drive Infrastructure, ChargeGuru, Zeplug, INDIGO, and EV Edge.

Investment details

The $26 million round was led by Revaia, with continued support from its existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. 

  • Revaia is a leading technology investor, partnering with mission-driven entrepreneurs with global ambitions and sustainable leadership. The fund helps these growth-stage companies navigate their entire life cycle from Series B to IPO or buyout.

“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,” said Orlin Radev, CEO of AMPECO.

Along with its Series A round announced in early 2023 and early-stage investments, the deal brings the company’s total funding to $42 million.

The fresh capital will fuel AMPECO’s growth plans while accelerating product enhancements and expanding into key markets like Western Europe, the Nordics, the UK, North America, and Southeast Asia.