Amply Power, a US-based provider of electric vehicle (EV) charging services, received $13.2m in funding on Tuesday from investors including industrial product and appliance producer Siemens.
The round was led by investment fund Soros Fund Management and also featured impact investment fund PeopleFund and venture capital firms Congruent Ventures and Obvious Ventures.
Founded in 2018, Amply owns and operates EV charging points that can be used by the operators of transport fleets through a subscription-based service, allowing them to avoid buying charging systems that can then become obsolete.
The startup’s customers include energy utility Hawaiian Electric Industries’ Pacific Current subsidiary and transit operators in New York City and California. The capital will help increase headcount as it looks to win more transport sector clients.
Siemens vice-president Iti Jain said: “Time and again, the major hurdle most electric truck and bus pilots face is the charging infrastructure. In fact, charging fleets without incurring hefty utility bills is the key obstacle for most electric fleets to scale towards full deployment.
“Amply’s mission dovetails with Siemens’ strategy of making electromobility adoption easy, and we look forward to supporting Amply’s growth with our extensive experience in the energy and transportation sectors.”
Amply had previously secured $3.8m in a January 2020 seed round backed by Obvious Ventures, Congruent Ventures, PeopleFund and KittyHawk Ventures.