SMPC designs and manufactures battery chargers for electric vehicles

THE KICK-OFF: Bulgarian immigrants Georgy Anguelov and Rumen Petkov had been telecommunications engineers for decades before founding the Burnaby-based company. SMPC Technologies in 2015. “We saw the evolution of electric vehicles coming, so we decided to try our luck,” explains Anguelov. As they had previously worked in an adjacent industry, “the transition to electric vehicles was very easy,” adds Petkov.

ACTION PLAN: SMPC is a B2B platform, but the designs it creates for its consumer-facing clients (which include both off-road and on-road electric vehicles) are wide-ranging. Simply put, Anguelov explains: “It’s a design company: we design battery chargers. »

Anguelov and Petkov consider their passion for competition as the driving force behind their success. “Most of us are immigrants (to SMPC)…when you immigrate to this country with knowledge and nothing else, if you are not competitive, you will not be able to succeed.

Thanks to this dynamic, they managed to acquire a niche market share that they considered neglected by their competitors. In particular, they focused on the North American market, which in the electric vehicle industry is relatively small. Anguelov explains that providing information and knowledge about the company’s complex projects in an accessible way has been essential.

“We first talk with customers, a manufacturer or user of electric vehicles, and determine the specifications,” says Anguelov. After that, SMPC designs, prototypes and manufactures to meet these specific parameters.

CLOSING STATEMENT: “Becoming a successful designer takes time and coaching is a big part of what we do,” notes Anguelov. This coaching is paying off: supported by a team of 21 employees, SMPC has doubled its turnover every year for the last four years. “When you catch the wave, you ride it,” he says.

Questions and answers

What is your most used app?

PR: YouTube.

After work, we can meet you…

GEORGIA: Functioning.