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About Ample
Industries
Automotive & Transportation
Energy
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$315.7M
Headquarters
San Francisco, California
Founded
2014
Overview
Ample offers a modular battery swapping service for electric vehicles (EVs), allowing any EV to be fully charged in under five minutes. Their charging stations are cheaper to build and install than traditional fast-charging stations, providing energy at a lower cost than gasoline. The technology is compatible with all EVs, enabling rapid deployment without the need for vehicle redesigns. Ample is committed to sustainability by using renewable energy sources and ensuring that their battery technology improves over time.
Simplify's Take
What believers are saying
- Ample's expansion in Madrid and Tokyo is supported by significant local funding.
- Partnership with Mitsubishi provides $25 million and expertise in renewable energy.
- Integration into car-sharing fleets like Free2move shows growing interest in their technology.
What critics are saying
- CATL and Nio's large network could overshadow Ample in the U.S. market.
- Regulatory challenges in international markets may slow Ample's expansion.
- Dependence on partnerships and government funding poses financial and strategic risks.
What makes Ample unique
- Ample offers modular battery swapping, charging EVs in under five minutes.
- Their technology is compatible with any EV, broadening their potential customer base.
- Ample's stations are cheaper and faster to deploy than traditional charging stations.
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Funding
Total Funding
$315.7M
Above
Industry Average
Funded Over
6 Rounds
Benefits
Remote Work Options
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 1%2 year growth
↑ 2%Ample has been developing its own modular battery pack to be compatible with various EV platforms to become 'drop-in replacements' for the original batteries fitted by respective car makers.
Mobility provider Free2move is expanding its partnership with battery technology company Ample to deploy modular battery swapping systems across its Madrid car-sharing fleet.
"At Free2move, we're proud to take a bold step forward in electric mobility by integrating the iconic Fiat 500e with Ample's innovative battery swapping technology.
Ample has launched its modular battery swapping technology in Madrid, supported by €9.76 million in funding from Spain's IDAE through the Moves Singulares programme.
Battery swapping tech destined for JapanPhoto courtesy of Ample. As part of its efforts to speed up the electrification of commercial fleets, Ample, a manufacturer of modular battery-swapping technology, plans to install a network of battery-swapping stations in Tokyo. The Tokyo Metropolitan Environmental Public Corporation is supporting the idea, which comes in the footsteps of a successful demonstration in Kyoto. Utilising its cutting-edge battery-swapping technologies, Ample hopes to improve commercial EV charging infrastructure and support Tokyo’s aggressive goal of a 50% reduction in greenhouse gas emissions by 2030.Batteries can be swapped in just 5 minutes
Ample is Hiring for 10 Jobs on Simplify!
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About Ample
Industries
Automotive & Transportation
Energy
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$315.7M
Headquarters
San Francisco, California
Founded
2014
Ample is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today