2024 marked a defining year in AMPECO’s evolution as the trusted platform for large-scale EV charging operations. Our EV charging management platform now powers over 150 clients across 60+ markets, enabling more than 500 million electric kilometers.
This growth, validated by $26M in Series B funding and IDC MarketScape leadership recognition, reflects the confidence of major operators, including E.ON Drive Infrastructure, ChargeGuru x Zeplug, and Eldrive, US-based Free2Move and Nordic pioneers Wattif and Elaway, in our platform’s ability to meet the complex needs of EV charging providers worldwide.
AMPECO’s continued leadership in EV charging management software is made possible by our exceptional teams, whose tireless dedication to delivering the best product and customer experience continues to shape the future of EV charging.
Let’s look back at the highlights that made 2024 truly remarkable.
Secured $26M series B funding
We reached a major milestone in November 2024 by securing $26M in Series B funding, led by Revaia, with continued support from our existing investors Cavalry Ventures, BMW i Ventures, and LAUNCHub Ventures. This brings our total funding to $42M since our founding in 2019, positioning us strongly for our next phase of growth in key markets, including Western Europe, the Nordics, the UK, North America, and Southeast Asia.
Showcased inspiring customer success stories
This year, we proudly launched a series of client case studies showcasing how our clients have leveraged AMPECO’s platform to achieve remarkable success in the EV charging industry. From ChargeGuru x Zeplug’s ambitious mission to deploy 100,000 charge points across Europe to E.ON Drive Infrastructure’s selection of our backend solution for managing over 6,000 public EV charging points across 11 countries, these partnerships underscore the scalability and flexibility of our technology.
Eldrive’s selection of AMPECO to power their expansion across Eastern Europe and the Baltics marked another significant milestone. Their innovative approach combines destination charging, highway corridors, and unique charging hubs, demonstrating our platform’s flexibility to support diverse business models and market conditions.
Additional stories, such as Elaway’s expansion across Norway, Sweden, and Germany to Chargespot’s rapid growth in Greece, highlight the diverse applications and scalability of our solutions. Each success story reinforces AMPECO’s position as the trusted platform for operators with ambitious growth plans, whether they’re expanding across established markets or pioneering EV adoption in emerging regions. Discover these transformations through the voices of our clients in our Client Spotlight Series.
Empowering enterprise-grade operations through innovation
Working with major charging operators across 60 markets has taught us precisely what our clients need to succeed. We’ve seen firsthand how the right software can transform a charging business, and that transformation often requires both standardization and flexibility.
That’s why we championed the hybrid approach to charging management software, combining a comprehensive, ready-to-use platform with unlimited customization potential.
This has proven essential for operators managing complex, multi-market networks, allowing them to scale efficiently while maintaining their unique competitive advantages.
In 2024, we released numerous features and enhancements. Here are the key highlights:
Multi-country operations
Our platform enables operators to manage complex muti-national networks supporting diverse taxation rules and payment structures across different regions. The system handles cross-border settlements while maintaining local compliance, making international expansion seamless for charging operators.
Energy management
We significantly enhanced our Dynamic Load Management (DLM) capabilities with two major innovations. First, we introduced multi-level DLM functionality, perfect for parking operators and CPOs serving multi-story business or residential buildings. Second, we optimized DLM specifically for home chargers, ensuring efficient energy distribution at residential locations.
Marketing tools
We expanded our marketing capabilities to help operators boost revenue and enhance user engagement. Operators can now offer free trial periods for pre-paid subscription plans, increasing customer acquisition and retention. We integrated OneSignal for push notifications and in-app messaging, enabling targeted promotional campaigns to engage EV drivers directly. We also introduced time-limited vouchers with flexible expiration options, giving operators precise control over their promotional offerings.
Regulatory compliance
We implemented comprehensive solutions for multiple key regulatory frameworks in 2024. Our platform now supports AFIR-compliant payment solutions through integrated payment terminals, web portals, and QR code implementations. We added automated DeutschlandNetz reporting capabilities, enabling real-time data transmission to Germany’s National Charging Infrastructure Control Center.
Our platform also meets US NEVI (National Electric Vehicle Infrastructure) program requirements and UK PCPR (Public Charge Point Regulations) standards, and the NIS2 Directive, ensuring operators can confidently deploy and manage charging networks across these major markets.
Security
As an ISO 27001-certified provider, we strengthened our cybersecurity infrastructure with enhanced protocols, including robust data encryption, multi-factor authentication, and comprehensive incident management.
Developer Hub
We introduced the AMPECO Developer Hub, making our comprehensive API documentation and development tools publicly accessible to empower providers to leverage our platform’s full capabilities more efficiently, create custom solutions, and easily integrate with their existing systems.
As we look to 2025, we’ll keep pushing the boundaries of what’s possible, making sure our platform remains the most adaptable and powerful solution in the industry.
Read more product highlights in our blog or book a full live demo of the AMPECO platform.
Building our global team
We significantly expanded our global presence, with our team growing to over 160 professionals. We created 13 new roles and established strong local leadership in key markets such as France, the Netherlands, and the US.
Our investment in customer success led to a transformative year for migrations. Our dedicated teams successfully executed some of the industry’s largest platform transitions, including complex projects for major operators like E.ON Drive Infrastructure. By expanding our product, engineering, account management, and migration capabilities, we ensured seamless onboarding for enterprise clients while providing enhanced local support across Europe and North America.
Our culture and values came to life at the two AMPECO Summits (Spring and Fall editions), which brought our global team together for alignment, celebration, and strategic planning. Both gatherings highlighted our shared belief that every connection matters within our team, with our partners, and across the EV ecosystem.
As demand for our solutions continues to grow, we’re actively expanding our commercial presence with a particular focus on key markets, including the US, UK/Ireland, Germany, and Italy, where we’re building strong local teams to support our rapid growth.
Expanding our partner ecosystem
In 2024, we strengthened our role in the EV charging ecosystem. Our open platform approach enables charge point operators to build comprehensive solutions through strategic integrations across hardware manufacturers, payment providers, and roaming networks.
Through partnerships with industry leaders like Hubject and ChargeHub, we expanded our roaming coverage, while our partnership with Worldline streamlined payment operations for CPOs across Europe. We enhanced fleet management capabilities through Webfleet and Guided Energy integrations, expanded residential charging options, and enhanced our partnership with Zaptec.
Most importantly, our partner ecosystem approach gives operators the flexibility to choose best-in-class solutions while maintaining seamless operations through a single platform. This strategy supports both established enterprises and growing operators as they scale their networks across markets.
As a member of ChargeUp Europe, we’re now better positioned to drive positive change in the EV charging market alongside fellow industry leaders, contributing our global expertise to advance charging infrastructure across Europe.
Thought leadership and global impact
Over the past 12 months, AMPECO shaped critical industry conversations around the evolving EV charging landscape. Our CEO Orlin Radev’s keynote at ICNC 2024 on managing the hidden complexity in EV charging. Through masterclasses and executive presentations across 50 global events spanning Europe, North America, the Middle East, and Asia, we addressed key industry challenges, including managing multi-market complexity, scalable software architecture, and future-proofing charging operations.
Beyond event participation, we launched our webinar series, bringing deep insights on pivotal industry topics to global charge point operators. Our sessions explored the hybrid approach to the build-vs-buy dilemma, strategies for accessing the $1.3 billion CFI grants, and an industry outlook for charge point operators. These discussions, led by industry experts and policymakers, provided practical guidance for operators navigating market growth. Our next webinar on How to select a charge point management system in 2025 will be held on February 6th, 2025.
Made strides in sustainability
We achieved a major milestone when the Science Based Targets initiative (SBTi) validated our ambitious 2030 net-zero emissions target – a testament to our commitment to climate action. Our impact through technology continued to grow, with our platform enabling nearly 500 million electric kilometers and saving an estimated 47,000 tonnes of CO2e. We published our second annual Sustainability Report, showcasing our environmental impact and community initiatives, with AMPECO employees contributing their personal time across various programs. Adding to these achievements, we secured ISO 14001 certification, establishing a comprehensive environmental management system that reinforces our dedication to sustainable operations across the company.
Shaping the future of EV charging in 2025
As we enter 2025, AMPECO is uniquely positioned to drive the next phase of EV charging evolution. Our $26M Series B funding and proven enterprise-scale deployments provide the foundation for accelerated innovation. We’re expanding our platform capabilities based on direct input from operators managing complex networks across 60+ markets.
Our roadmap focuses on advancing energy management solutions, enhancing payment flexibility, and streamlining multi-market operations. As a software-focused, independent platform provider backed by strategic investors, we’ll continue developing solutions that support operators’ ambitious growth plans while maintaining the flexibility they need.
The future of EV charging demands scalable, reliable software that can adapt to evolving market needs. AMPECO remains committed to powering the next generation of charging networks worldwide.
Take the next step in optimizing your EV charging operations
- Download our ebook on “How to select an EV Charging Management Solution in 2025” to navigate your decision with confidence. Discover how to evaluate CPMS solutions beyond features, get a detailed framework for assessing your needs, learn which capabilities truly matter for scaling your business, and gain a structured tender process to help you choose the right partner.
- Register now for our webinar How to Select a Charge Point Management System in 2025: A Strategic Decision-Making Framework, and discover how to evaluate and choose a CPMS that will power your CPO or eMSP business, tackling today’s key challenges while ensuring long-term success.
