Founded in 2018 by Orlin Radev (CEO), Alexander Alexiev (CTO) & Stefan Ivanov (CRO), Bulgaria-based AMPECO is a white-label end-to-end EV charging management software (for EV charging providers) that covers all use cases including public, business, fleet & residential charging. AMPECO’s open platform means customers can freely choose the hardware providers they want to work with. The solution also seamlessly integrates with smart meters, building management systems & renewable energy sources to maximize efficiency. AMPECO already boasts <120 clients across 45 markets, representing <62,000 charging points (with 4x YoY revenue growth & doubling the size of the team to 80 people in that same time). The funding will now be used to drive further expansion in North America (with a local presence), the UK, France & Germany, as well as growing AMPECO’s engineering & product teams. Cherry on the cake, AMPECA recently won the 2022 Global Electric Vehicle Charging Software Product Leadership Award from Frost & Sullivan. It’s worth mentioning that Europe continues to lead the US in installed base of connected charging points & boasts growing number of specialized EV charging software startups (which AMPECO will have to compete with) such as Monta (DK) (€50m), Last Mile Solutions (NL) (€ n.a.), Greenflux (NL) (€11m), Virta (FI) (€30m) & Ev.Energy (UK) (€13m) among others. <Source: automotiveworld.com, tech.eu, techcrunch.com, current-news.co.uk>
