About Ample
Ample offers a modular battery swapping service for electric vehicles (EVs), enabling a full charge in under five minutes. Their charging stations are cost-effective, being 3-10 times cheaper to build than traditional fast-charging stations, and compatible with all EV models. The lightweight design allows for quick deployment in urban areas, and they utilize renewable energy sources to promote sustainability. Ample's goal is to provide efficient, affordable, and environmentally friendly charging solutions while continuously improving their battery technology.
San Francisco, CaliforniaHeadquarters
2014Year Founded
$307.1MTotal Funding
LATE_VCCompany Stage
Automotive & Transportation, EnergyIndustries
201-500Employees
Benefits
Remote Work Options
Risks
Competition from Chinese companies like NIO with faster swapping times.
Challenge of gaining traction in the US market for battery swapping.
Dependency on partnerships with large automotive companies like Stellantis.
Differentiation
Ample offers modular battery swapping, charging EVs in under five minutes.
Their stations are 3-10 times cheaper to build than conventional fast-charging stations.
Ample's technology is compatible with any EV, broadening their potential client base.
Upsides
Ample secured $25 million from Mitsubishi for expansion and sustainability initiatives.
Partnership with Stellantis integrates battery swap capabilities into major automotive brands.
Rapid deployment of lightweight stations allows quick adaptation to new demand.
Funding
Total raised$307.09 M
Latest valuation$1.00 B
StageLATE_VC
LATE VC
10/31/2024$25
$1.00 BGRANT
1/31/2023$15
GROWTH EQUITY VC
10/31/2021$50
$1.00 BSERIES B
1/31/2020$35
$173.50 M$31
$155.00 M