Fleet charging solutions provider AMPLY Power has secured $13.2 million in Series A funding from investors including Soros Fund Management and Siemens, as well as existing seed round investors, including Congruent Ventures, PeopleFund and Obvious Ventures.
AMPLY Power’s comprehensive Charging-as-a-Service offering
for fleet operators ensures each electric truck or bus is charged and ready for
work each day, in exchange for a price-per-mile-driven fee. AMPLY’s proprietary
software optimizes and aggregates vehicle charging to minimize energy costs and
maximize vehicle uptime. Customer Tri
Delta Transit found that it saved up to 40 percent on charging costs using
AMPLY’s solution.
AMPLY’s services include charging hardware deployment,
management of depot upgrades and utility interconnections, real-time
software-controlled charge optimization, debt financing of capital expenditures
and resiliency planning. The company deals directly with the electric utility
and bills the fleet customer for vehicle miles.
“At AMPLY, it is our mission to take the technical guesswork
out of electrification infrastructure so fleets can scale their zero-emission
deployments with confidence,” said AMPLY CEO Vic Shao.
“The major hurdle most electric truck and bus pilots face is
the charging infrastructure. In fact, charging fleets without incurring hefty utility
bills is the key obstacle for most electric fleets to scale towards full
deployment,” said Siemens VP Iti Jain. “AMPLY’s mission dovetails with Siemens’
strategy of making electromobility adoption easy, and we look forward to
supporting AMPLY’s growth with our extensive experience in the energy and
transportation sectors.”
Source: AMPLY Power
Source: Electric Vehicles Magazine
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