Other investors who participated in the round included Moore Strategic Ventures, Repsol Energy Ventures, Hemi Ventures, and TRIREC. The financing will be used to deploy Ample’s technology in multiple locations over the coming months. Steve McGrath of Shell Ventures and James McIntyre of Moore Strategic Ventures will be joining Ample’s Board of Directors.
Ample CEO and co-founder Khaled Hassounah said: “Building a scalable solution for charging electric vehicles requires a new approach to infrastructure, and partners who are committed to developing electrification as the new energy downstream.”
Ample has invented an economical, rapidly deployable and widely accessible platform that delivers a full charge to any electric car in minutes. An alternative to traditional charging, Ample uses autonomous robotics and smart-battery technology, making it feasible for anyone to own an electric car regardless of driving needs, economic means, or geographic location.
Shell Ventures investment director Steve McGrath said: “EVs in the light – and medium duty sectors are steadily gaining market share. Combining Ample’s technology with Shell’s existing retail network for re-fueling and our growing position in power could help us achieve our aspirations to grow a large new business in EV energy solutions.”
Moore Strategic Ventures James McIntyre said “We have looked deeply into the electrification ecosystem. We believe Ample’s proprietary robotics and battery technology solution can help solve one of the largest constraints to wide-scale adoption of electric vehicles. We are excited to partner with the company, Shell Ventures and Repsol Ventures to help make Ample’s vision a reality.”
As governments in Europe, Asia, America and other parts of the world impose tough emissions targets to meet the global climate change commitment, Ample was born out of the need for innovation to rapidly meet those goals.
Repsol Luís Casado said “As an integrated energy company, we join the growth of the electrification in the mobility sector, and we’re looking forward to Ample’s near-term solution to meet Europe’s goals.”
Source: Company Press Release
