Silicon Valley-based venture capital firm BMW i Ventures has announced a $13 million Series A investment round in AMPECO, an EV charging management platform. This brings the total raised to $16 million, with $3 million raised by Launchub and Cavalry beforehand.
The funding will be used to expand AMPECO’s presence in North America and Europe, as well as grow its engineering and product innovation teams. AMPECO’s solution for customized charging systems gives charging network operators full control over their business, allowing them to select their preferred hardware partners and manage branding, customer relations, partnerships and payment flows.
AMPECO has already established a significant global presence, with 62,000 charging points in more than 45 markets, primarily in Europe and North America. The company is now looking to leverage the new investment to further expand its reach and capabilities.
The investment from BMW i Ventures is a testament to the potential of AMPECO’s platform and its ability to provide a comprehensive solution for EV charging network operators. With the new funding, AMPECO is well-positioned to continue its growth and become a leader in the EV charging industry.
FAQ
Q1: Are electric car batteries recyclable?
A1: Yes, electric car batteries are recyclable.
Q2: Are electric car chargers free?
A2: It depends on the charger and the location. Some electric car chargers are free, while others may require a fee.
Q3: Can electric car batteries be rebuilt?
A3: Yes, electric car batteries can be rebuilt with the right tools and knowledge.
