What is Ample?
Founded in 2014 and headquartered in San Francisco, California, Ample Inc. is pioneering a modular battery swapping platform designed to expedite the global transition to sustainable transportation. The company's proprietary autonomous robotics and smart-battery system enables EV charging in under five minutes, directly addressing critical barriers to widespread EV adoption such as range anxiety, lengthy charging times, and infrastructure limitations. Ample's technology is built with a plug-and-play architecture, allowing it to accommodate a wide array of EV makes, models, and driving profiles, from daily commutes to ridesharing and last-mile delivery services.
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 Shell Technology Ventures, Inc (extinct and Moore Strategic Ventures
Series C (2021): $160M led by PTT, Moore Strategic Ventures, and Disruptive Innovation Fund
Other Financing Round (2021): $50M supported by Blackstone
Other Financing Round (2024): $25M featuring Mitsubishi Corporation
Key Investors in Ample
PTT
PTT Public Company Limited is a Thailand-based conglomerate with significant operations in the energy sector, including natural gas and petroleum. Their investment in Ample signals a strategic interest in the future of electric vehicle energy solutions.
Blackstone
Blackstone is a global investment firm renowned for its expertise across private equity, real estate, and credit. Their participation in Ample's financing round highlights the company's potential for significant growth and market disruption.
Mitsubishi Corporation
Mitsubishi Corporation is a diversified global business enterprise with extensive interests in energy, metals, and industrial finance. Their investment in Ample indicates a strategic alignment with the evolving landscape of sustainable transportation and energy infrastructure.
What's next for Ample?
With its recent major strategic investment, Ample is well-positioned to scale its operations and further develop its groundbreaking battery swapping technology. The company's focus on universal compatibility and rapid energy delivery suggests a strategic push towards becoming an essential enabler of the electric vehicle ecosystem. Future growth will likely involve expanding partnerships with automakers and fleet operators, as well as broadening its charging infrastructure network to support the increasing demand for convenient and fast EV charging solutions.
See full Ample company page
