Ample

Energy

Founded: 2014

Last Round Valuation: $1.09B

Ample is dedicated to expediting the shift towards electric mobility by providing a renewable energy delivery solution that is fast, convenient, and cost-effective, comparable to traditional gasoline. Established in 2014 and based in San Francisco, CA, the company was founded by John de Souza and Khaled Hassounah. Leveraging autonomous robotics and intelligent battery technology, Ample plays a pivotal role in enabling energy-efficient electric transportation.

Ample Overview:

Ample is a San Francisco-based company founded in 2014 with a mission to accelerate the transition to electric mobility. The company offers an innovative energy delivery solution that aims to match the speed, convenience, and affordability of traditional gasoline while utilizing 100% renewable energy sources.

The core idea behind Ample is to address one of the primary challenges of electric vehicles (EVs): the availability and accessibility of charging infrastructure. Ample's approach is to develop an efficient and scalable system that provides electric vehicle charging as a service, making it as convenient as refueling a gasoline-powered vehicle.

Ample utilizes autonomous robotics and smart-battery technology to create a unique charging infrastructure. Instead of relying on fixed charging stations, Ample deploys autonomous robots, called "Ample Stations," which are modular, movable units equipped with a high-capacity battery. These robots autonomously navigate to electric vehicles and provide them with a quick and automated battery swap.

The process of battery swapping offered by Ample is designed to be seamless and efficient. When an electric vehicle arrives at an Ample Station, the robot locates the vehicle's battery compartment, removes the depleted battery, and replaces it with a fully charged one. This battery swapping method significantly reduces the time required for charging, eliminating the need for lengthy charging sessions at traditional charging stations.

Ample's system also focuses on using 100% renewable energy sources to charge the batteries. By integrating renewable energy into the charging process, Ample aims to reduce the carbon footprint associated with electric vehicle charging, contributing to a more sustainable transportation ecosystem.

In addition to providing a convenient charging solution, Ample aims to partner with vehicle manufacturers, fleet operators, and infrastructure providers to integrate its technology into existing and future electric vehicle models. By collaborating with industry stakeholders, Ample aims to promote widespread adoption of electric vehicles by alleviating concerns about charging availability and range anxiety.

Ample's innovative approach has garnered recognition and support from various investors and partners. The company has secured significant funding from prominent venture capital firms, including Shell Ventures, Moore Strategic Ventures, and Eneos. These partnerships enable Ample to expand its operations and drive the deployment of its autonomous charging infrastructure on a larger scale.

As electric vehicles continue to gain popularity, Ample plays a crucial role in addressing the challenges of charging infrastructure and promoting the widespread adoption of electric mobility. Through its autonomous robotics and renewable energy-based charging solution, Ample aims to accelerate the transition to a cleaner and more sustainable transportation future.

Founders:

  • Khaled Hassounah

  • John de Souza

Top Investors:

  • Banco Santander

  • Blackstone

  • Disruptive Innovation Fund

  • Eneos

  • Hemi Ventures

  • Moore Strategic Ventures

  • PTT

  • Repsol Energy Ventures

  • SMRT

  • Shell Ventures

  • TRIREC

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Nov 2021 Series C-1 $50MM $295.35MM $38.98 $1.09B Blackstone, Banco Santander
Aug 2021 Series C $160MM $245.35MM $33.52 $870.78MM Moore Strategic Ventures, PTT, Disruptive Innovation Fund
Feb 2020 Series B $40MM $85.35MM $10.04 $231.67MM Undisclosed Investors
Aug 2018 Series A $45.35MM $45.35MM $6.01 $129.57MM Shell Ventures, Moore Strategic Ventures, Repsol Energy Ventures

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