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BMW continues its love affair with EVs, backing this Bulgarian startup’s $13M A-round

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Electric vehicle charging management systems are usually end-to-end solutions for managing EV charging operations, billing, energy, drivers, and even fleets. This means EV charging service providers can optimize the monetization of their operations.

A number of players have proliferated over the last few years. Driivz from Israel has raised $23.1M in VC funding to date and was recently selected by Shell to run its charging and smart energy management platform. Greenflux from the Netherlands has pulled in €11M. Then there’s ChargeLab (raised $20.4M) out of Canada, Monta (€50M) out of Denmark, and EV Energy ($13.5M) out of the UK.

Meanwhile, originally hailing from Sofia, Bulgaria, but now with operations across Europe, is Ampeco, a startup which until now hasn’t popped up on the VC funding radar with its own EV charging management platform.

That changes today with the news that Ampeco has raised a series A round of $13M led by BMW iVentures, taking its total raised to date to $16M. The startup plans to use the cash to drive further into North America, as well as…



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