Cavalry x AMPECO
The future of mobility is electric. And we are thrilled to finally be able to present our hidden champion in EV charging — AMPECO! We have initially invested in April 2022 during the seed round. Today, AMPECO announces its Series A round in the amount of $13 million — led by BMW i Ventures. Of course, we continue to back the company, as well as Launchub Ventures and a handful of angel investors. Our warmest congratulations go out to the entire Ampeco team! 🤠
How does AMPECO work?
AMPECO’s white-label EV charging management platform enables companies and municipalities to roll out EV charging under their name, thus providing their customers and citizens with a truly value-adding service while accelerating their brand and name. The white-label EV charging solution includes a backend portal, a web portal as well as fully customisable apps for iOS and Android.
Quadrupling revenues as if it were the most normal thing in the world
In four years, AMPECO has proved to be a key player with a global footprint and a leading presence both in Europe and North America, with over 120 customers in more than 45 markets, representing over 62,000 charging points. It has seen sales rapidly grow over the last year, with a 4x revenue growth YoY, while the team has doubled in size in the same period to over 80 people.
Global expansion in full swing
With a strong client base of charging network operators across North America, AMPECO has an established foothold in the US. In addition to expanding the engineering and product innovation teams, the new funding will be used to accelerate AMPECO’s position in North America with on-site local teams created there as well as in the UK, France, and Germany.
Our principal Fabian Krautwurst sat down with Orlin Radev, co-founder and CEO of AMPECO, to discuss the advantages of a white-label solution, the challenges of AMPECO’s customers and the next steps for the company.
