Ample, a San Francisco, CA-based EV battery swapping startup, received a $25M investment from Mitsubishi Corporation.
The company intends to use the funds to expand operations and its development efforts. The funding will support a new phase of Ample’s business focused on the expansion of deployments with commercial fleets, ride-sharing, and last-mile delivery services.
Ample uses modular battery swapping to deliver 100% charge to any EV in a few minutes. The funding follows partnerships with OEMs like Stellantis and fleets like Yamato (Japan’s #1 delivery service) and introductio of the first-ever swapping stations in Japan.
FinSMEs
19/11/2024