The history of the Augsburger Panther goes all the way back to a skating club founded in 1878, in the historical Bavarian city of Augsburg. Augsburger Eislauf Verein (more commonly shortened to AEV), the oldest skating club in Germany, only started competing professionally in the German top-tier of ice hockey in 1947. They predominantly competed in the second and third-tiers, with a few short spells in the top flight of German ice hockey, throughout the second half of the 20th century.

In 1994 the professional ice hockey division od AEV was rebranded as the Augsburger Panther and the team competed in the inaugural season of the DEL in 1994/95. They have never been relegated since and have become a solid mid-table performer.

They shocked everybody in the 2009/10 season when they made it all the way to the playoff final from an eighth-place Regular Season finish, where they lost to the Hannover Scorpions. The Panther’s Regular Season third-place finish last season – their highest ever in the DEL, was enough for them to secure their debut spot in this season of the CHL.