EV charging administration platform AMPECO has raised $16 million in enterprise capital funding after closing a $13-million Collection A funding spherical led by BMW i Ventures. The spherical additionally included LAUNCHub Ventures, Cavalry Ventures and a variety of angel traders.
The corporate affords a white-label, hardware-agnostic EV charging administration platform that covers public, personal and residential charging and at the moment serves 120 clients in 45 markets, representing over 62,000 charging factors in Europe and North America.
AMPECO says it plans to make use of the brand new funding for growth in North America and for constructing the corporate’s engineering and product innovation groups there in addition to within the UK, France and Germany.
“There may be an unbelievable alternative for EV charging suppliers to construct and scale a worthwhile enterprise utilizing progressive applied sciences,” says AMPECO CEO Orlin Radev. “That is precisely what AMPECO affords—we give them the flexibleness to make use of our software program platform by integrating it intently with their current methods and offering them with full management of their enterprise, from buyer relationships to cost flows.”