CMS has advised Cavalry on its investment in leading EV charging management platform provider AMEPCO. The round was led by Revaia, with BMW i Ventures, and LAUNCHub Ventures also investing.
AMPECO's white-label management platform enables charge point operators (CPOs) and e-mobility service providers (eMSPs) to manage and scale their EV charging operations efficiently. The company serves over 160 clients across 60 markets, connecting more than 120,000 charging stations to its platform. This investment will enable AMPECO to accelerate its product development and expand its presence in key markets, solidifying its position as a global leader in EV charging software solutions.
Founded in 2016 by a group of seasoned entrepreneurs and investors, Cavalry is an early-stage venture capital firm in Berlin, Germany, that backs bold entrepreneurs in building a better future through technology.
The CMS Venture Capital team was led by Tom Jameson. This is the latest investment the team has advised Cavalry on, having worked on its investment in Companion.energy and Nory earlier this year.
Additional details on the financing can be found here.
