Ampeco, the Sofia, Bulgaria-based electric vehicle charging (EVC) management platform provider, has raised $26 million in Series B funding, led by Paris-based tech investor Revaia, with continued support from existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures.

“This milestone brings our total funding to $42 million since our founding in 2019, marking a significant step in our journey to enable and accelerate the global transition to electric mobility,” said Ampeco.

“The Series B 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. To support this, we aim to double our team size in the next two years.”

Ampeco CEO Orlin Radev said: “This investment is a testament to the hard work of our team and the trust our clients place in us.

“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.”

Morgan Kessous, Partner at Revaia, said: “We are thrilled to lead AMPECO’s Series B and partner with a company that is at the forefront of powering the future of electric mobility.

“At Revaia, we aim to back companies that deliver long-term and sustainable impact for multiple stakeholders. AMPECO is an excellent example of this vision in action, as it plays a crucial role in scaling EV infrastructures globally.”