Overview

Ampcontrol provides fleet owners with an AI-driven platform designed to optimize and monitor electric vehicle (EV) charging points. Their services focus on helping businesses manage their EV charging operations efficiently. The company offers a model called "fleet charging as a service," which includes smart charging systems, software solutions, and user-friendly interfaces to ensure seamless operation. Ampcontrol operates on a subscription basis, providing ongoing support and maintenance to ensure high uptime and efficiency, boasting a 98% hardware uptime with 24/7 on-call support. They also offer engineering support for custom dashboards and API integration, allowing clients to connect with other systems. Additionally, Ampcontrol provides marketing support to help clients with advertising and measuring campaign effectiveness. Their goal is to deliver high-quality service that enhances the operational efficiency of fleet owners while supporting their broader business objectives.

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