Ample

Ample

Modular battery swapping for electric vehicles

About Ample

Simplify's Rating
Why Ample is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

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.

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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

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

↑ 1%

1 year growth

↑ 1%

2 year growth

↑ 2%
This Is Money
Jun 13th, 2025
Fiat solves 'barrier for electric cars' to allow battery recharges in FIVE MINUTES

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.

Electric Hybrid Vehicle Technology
Jun 12th, 2025
Madrid car-sharing fleet tests modular battery technology to cut charging times

Mobility provider Free2move is expanding its partnership with battery technology company Ample to deploy modular battery swapping systems across its Madrid car-sharing fleet.

Stellantis
Jun 12th, 2025
Free2move, Fiat 500e, and Ample Introduce Revolutionary Battery Swap Technology in Madrid

"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.

Electrive
Jun 10th, 2025
Ample rolls out battery swapping stations in Madrid

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.

Forbes
Mar 26th, 2025
Ev Battery Swapping Tie-Up Between Ample And Mitsubishi To Start In Japan

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

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