What is Ample?
Headquartered in San Francisco, Ample Inc is an innovative energy delivery company that has developed a modular, Lego-like battery swapping architecture. By decoupling the battery from the vehicle, the company enables any electric vehicle make or model to utilize its automated swapping stations. This technology effectively eliminates the need for automakers to redesign their vehicles, providing a scalable solution for ridesharing, last-mile delivery, and autonomous fleets. Ample's platform is designed to solve the energy delivery challenge that has historically hindered widespread EV adoption, offering a seamless, rapid, and infrastructure-light alternative to traditional plug-in charging.
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 Moore Strategic Ventures, Disruptive Innovation Fund, and PTT
Other Financing Round (2021): $50M supported by Blackstone
Other Financing Round (2024): $25M featuring Mitsubishi Corporation
Key Investors in Ample
Mitsubishi Corporation
A global integrated business enterprise based in Tokyo that develops and operates across diverse industries including energy, infrastructure, and industrial finance.
PTT
A Thailand-based energy leader engaged in the supply, procurement, and distribution of petroleum products and natural gas vehicle infrastructure.
Blackstone
A premier global investment firm specializing in private equity, real estate, and credit, focused on creating long-term value through disciplined strategic growth.
What's next for Ample?
With the infusion of this latest capital, Ample is well-positioned to accelerate the deployment of its modular battery swapping stations across key global markets. The strategic focus will likely center on scaling its autonomous robotics platform to meet the increasing demand from commercial fleet operators and last-mile delivery services. By leveraging partnerships with major industrial players, the company aims to further integrate its technology into existing transportation networks, effectively reducing the total cost of ownership for electric vehicles and driving the next phase of sustainable infrastructure development. Future efforts will likely prioritize operational efficiency and the expansion of its proprietary network to ensure widespread accessibility for diverse vehicle profiles.
See full Ample company page
