Loading organizations...
§ Private Profile · 100 Hooper St San Francisco, California 94107, USA
EV technology company developing modular battery swapping infrastructure for electric vehicles, focused on rapid five-minute battery exchanges.
Ample has raised $236.0M across 4 funding rounds.
Key people at Ample.
Ample has raised $236.0M in total across 4 funding rounds.
Based in San Francisco, California, Ample develops modular battery-swapping technology and automated charging infrastructure designed to support broader electric vehicle adoption. The company operates an energy-as-a-service business model, deploying automated stations that physically replace depleted vehicle batteries with fully charged modular packs in under five minutes without requiring alterations to the original vehicle design. Ample primarily targets commercial ride-share drivers, last-mile delivery fleets, and automotive manufacturers, generating revenue through per-mile or per-swap usage fees. The organization has established strategic integration and deployment partnerships with major mobility and automotive corporations, including Uber, Stellantis, and Mitsubishi Fuso. The enterprise reached an estimated $1 billion valuation after securing over $290 million in total venture funding from institutional investors such as Shell Ventures and Blackstone. Ample was officially founded in 2014 by Khaled Hassounah and John de Souza.
Ample has raised $236.0M across 4 funding rounds. Most recently, it raised $15.0M Grant in February 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 28, 2023 | $15M Grant | California Energy Commission | — | Announced |
| Nov 10, 2021 | $30M Venture Round | Blackstone | Banco Santander | Announced |
| Aug 19, 2021 | $160M Series C | — | Disruptive Innovation Fund, Eneos, PTT, Smrt | Announced |
| Aug 6, 2018 | $31M Series A | Steve Mcgrath | Hemi Ventures, Luis Casado Padilla, Trirec | Announced |
Ample has raised $236.0M in total across 4 funding rounds.
Ample's investors include California Energy Commission, Blackstone, Banco Santander, Disruptive Innovation Fund, ENEOS, PTT, SMRT, Steve McGrath, Hemi Ventures, Luis Casado Padilla, TRIREC.
Ample is a technology company that builds a modular battery swapping solution for electric vehicle (EV) fleets. Its product enables fast, convenient, and cost-effective battery swaps, targeting fleet operators and car manufacturers to accelerate the adoption of electric mobility. By providing an infrastructure that supports any EV and driver profile, Ample solves the problem of long charging times and range anxiety, making EV usage more practical and scalable. The company has demonstrated strong growth momentum, raising $230 million in total funding, including a $160 million Series C round in 2021 to scale its technology across the US and globally[1][2][5].
Founded about seven years ago, Ample emerged from the vision to create a scalable, modular battery swap network that could support a rapid transition from gas-powered to electric vehicles without compromises. The founders aimed to develop an infrastructure solution that could be deployed quickly and work with any EV model. Early traction included partnerships with major players like Uber and energy companies such as ENEOS, as well as fleet providers like Sally in New York City. These collaborations helped validate the technology and expand its deployment internationally[1].
Ample rides the global trend toward electrification of transportation and the urgent need for sustainable energy solutions. The timing is critical as governments and industries push for decarbonization and EV adoption accelerates. Battery swapping addresses key market barriers such as charging time and infrastructure costs, positioning Ample as a pivotal player in enabling mass EV deployment. Its technology supports the shift to renewable energy by facilitating efficient energy delivery and reducing reliance on fossil fuels. Ample’s influence extends to shaping how fleets and manufacturers approach EV infrastructure, potentially setting standards for battery swapping globally[1][5].
Looking ahead, Ample is poised to expand its battery swapping network both within the US and internationally, leveraging its recent funding and strategic partnerships. Trends such as increased fleet electrification, urban mobility transformation, and renewable energy integration will shape its growth trajectory. As battery swapping gains traction, Ample’s role could evolve from a technology provider to a key infrastructure enabler in the global EV ecosystem. Continued innovation and collaboration will be essential for scaling and maintaining competitive advantage, potentially influencing broader adoption of modular energy delivery solutions in transportation[1][5].
Key people at Ample.
