What is Ample?
Founded in 2014 and headquartered in San Francisco, California, Ample Inc. is at the forefront of sustainable transportation solutions. The company has developed an innovative autonomous robotics and smart-battery platform designed to deliver a full charge to electric vehicles in under five minutes. This proprietary technology addresses critical barriers to widespread EV adoption, including range anxiety, lengthy charging times, and infrastructure limitations. Ample's modular, Lego-like battery modules feature a plug-and-play architecture compatible with any EV make, model, or driving profile, from daily commuting to ridesharing and last-mile delivery.
How much funding has Ample raised?
Ample has raised a total of $266M across 4 funding rounds:
Series A
$31M
Series C
$160M
Other Financing Round
$50M
Other Financing Round
$25M
Series A (2018): $31M with participation from Moore Strategic Ventures and Shell Technology Ventures, Inc (extinct
Series C (2021): $160M led by Disruptive Innovation Fund, Moore Strategic Ventures, and PTT
Other Financing Round (2021): $50M supported by Blackstone
Other Financing Round (2024): $25M featuring Mitsubishi Corporation
Key Investors in Ample
Mitsubishi Corporation
Mitsubishi Corporation is a global integrated business enterprise with diverse operations across numerous industries, including energy, metals, and finance, indicating a strategic interest in advanced energy solutions.
Blackstone
Blackstone is a leading global investment firm specializing in private equity and real estate, suggesting a focus on high-growth potential companies with significant market impact.
PTT
PTT Public Company Limited is a Thailand-based energy company with extensive operations in gas and petroleum, highlighting a strategic alignment with Ample's mission to advance EV energy infrastructure.
What's next for Ample?
With its recent major strategic investment, Ample is poised to further scale its operations and enhance its groundbreaking battery swapping technology. The company's focus on rapid charging and adaptable battery solutions positions it to significantly impact the electric vehicle market. Future growth is likely to involve expanding partnerships with automakers and fleet operators, solidifying its role in the transition to sustainable mobility.
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