What is AMP?
Headquartered in Los Angeles, with a global presence including offices in Detroit, Bengaluru, London, and Shanghai, AMP specializes in comprehensive energy and battery management solutions for the e-mobility sector. Since its inception in 2017, the company has been at the forefront of developing industry-leading software, hardware, and cloud-based platforms. AMP's innovations span intelligent battery management systems, robust fast-charging infrastructure, and integrated cloud solutions, all designed to enhance the safety and efficiency of electric vehicles. The company boasts a team with over 300 years of cumulative industry experience, dedicated to curating the world's most secure and reliable energy management systems for the evolving e-mobility landscape.
How much funding has AMP raised?
AMP has raised a total of $4.5M across 2 funding rounds:
Debt
$150K
Series A
$4.3M
Debt (2020): $150K with participation from PPP
Series A (2022): $4.3M led by HELLA Ventures
Key Investors in AMP
HELLA Ventures
Founded in 2015, Hella Ventures is a multi-stage venture capital fund that focuses on investments in mobility, deep tech, and industrial manufacturing. The company leverages its extensive automotive expertise and industrialization capabilities to provide startups with access to the automotive industry, ensuring their success. Hella Ventures partners with early to mid-stage companies, offering investments ranging from $500k to $10M, and aims to create win-win collaborations that drive innovation. Their portfolio includes cutting-edge technologies in automated driving, electrification, and connected vehicles.
PPP
Public-Private Partnership
What's next for AMP?
The recent major strategic investment signifies a critical growth phase for AMP, likely enabling the company to scale its operations, further develop its advanced energy management technologies, and expand its market reach. This capital infusion is expected to accelerate the deployment of its intelligent battery management platforms and charging solutions, positioning AMP to capitalize on the rapidly expanding e-mobility market. The company's focus on safety and robustness in its energy management systems, coupled with its global operational footprint, suggests a strategic push towards solidifying its position as a key enabler of sustainable transportation.
See full AMP company page
