Overview

Ampcontrol provides a platform designed to help fleet owners optimize and monitor their electric vehicle (EV) charging points. Their service, known as "fleet charging as a service," includes smart charging systems that utilize Artificial Intelligence (AI) to enhance the management of EV charging infrastructure. Fleet operators can access a suite of tools and software solutions through a user-friendly interface, allowing them to efficiently manage their charging operations. Ampcontrol operates on a subscription model, offering ongoing support and maintenance to ensure high uptime and efficiency, with a reported 98% hardware uptime and 24/7 on-call support. This reliability is essential for fleet operators to maintain their operational efficiency. Additionally, Ampcontrol provides marketing support to help clients with advertising and measuring campaign effectiveness, making their service comprehensive and aligned with the broader business goals of fleet owners.

Simplify's Take

What believers are saying

• Recent $10M Series A funding boosts market reach and product development.
• Partnership with First Bus enhances energy optimization for electric buses in the UK.
• Integration with Geotab enhances data analytics for comprehensive fleet management insights.

What critics are saying

• Increased competition from established players like ChargePoint and EVBox.
• Potential technological obsolescence due to rapid AI advancements.
• Dependence on partnerships like Geotab poses risks if dynamics change.

What makes Ampcontrol unique

• Ampcontrol offers AI-driven solutions for optimizing electric vehicle fleet charging.
• The company provides 24/7 support ensuring 98% hardware uptime for fleet operators.
• Ampcontrol's platform integrates with APIs for seamless system communication and custom dashboards.

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Funding

Total Funding

$18.2M

Meets

Industry Average

Funded Over

3 Rounds

$10,000,000

Series A

Jul 2023

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$10M

$15M

$30M

View all funding stages