Ample Raises $160M in Series D

Ample has successfully raised $160M in a Series D at a $1B valuation led by Shell Ventures, Mitsubishi Corporation, Repsol, Moore Strategic Ventures, HOF Capital.

Company Overview

Ample is a Electric Vehicles company headquartered in 101 Jefferson Drive, Menlo Park, CA 94025, founded in 2014 with 200+ employees.

Battery swapping technology

Fundraising Details

Amount Raised: $160M
Round Type: Series D
Valuation: $1B
Date: 2024-05-22
Investors: Shell Ventures, Mitsubishi Corporation, Repsol, Moore Strategic Ventures, HOF Capital

About Ample

Battery swapping technology The company is positioned in the Electric Vehicles sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 101 Jefferson Drive, Menlo Park, CA 94025
Founded: 2014
Team Size: 200+
Industry: Electric Vehicles

What This Means

This funding round demonstrates strong investor confidence in Ample's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Electric Vehicles sector continues to attract significant investment as companies innovate to meet evolving market demands. Ample's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1B valuation marks an important milestone for Ample, positioning the company among notable players in the Electric Vehicles industry.

Looking Ahead

With this new capital, Ample is well-positioned to execute on its growth strategy and continue building innovative solutions in the Electric Vehicles space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-05-22. For more information about Ample, visit their headquarters at 101 Jefferson Drive, Menlo Park, CA 94025.