Ample joined the Unicorn Club on November 10, 2021. Headquartered in San Francisco, California, United States, Ample develops automatic battery-swapping solutions for electric vehicles, offering modular battery swap stations, computer-vision-enabled battery identification, and fast charging for fleet operators and automakers. The company has raised $301 million to date and employs between 51 and 200 people (as of July 16, 2025).
Keep reading to learn more about how Ample is accelerating EV adoption with modular, fast battery-swapping infrastructure.
What Is Ample and What Does It Do?
Founded in 2014, Ample builds modular battery-swapping systems that replace depleted battery modules in minutes, reducing vehicle downtime and grid strain. The platform integrates computer vision for battery identification, automated swap mechanics, and software for fleet management and billing.
Ample’s solution targets fleet operators and OEMs seeking scalable, interoperable battery infrastructure, enabling fast turnaround times and easier integration with renewable energy sources. By decoupling vehicle ownership from battery lifecycle, Ample aims to lower EV total cost of ownership and accelerate large-scale fleet electrification.
How Much Funding Has Ample Raised?
- Series D
- Amount Raised: $25M
- Date: November 19, 2024
- Lead Investor: Mitsubishi Corporation
- Valuation: Not publicly disclosed for this round
- Purpose: Expand battery-swapping infrastructure, commercial fleet deployments, and international expansion.
- Series C
- Amount Raised: $160M
- Date: August 2021
- Lead Investor: Moore Strategic Ventures
- Valuation: Contributed to the unicorn valuation milestone in November 2021
- Purpose: Scale modular battery-swap deployment, productization of swap stations, and global rollout.
- Earlier Rounds (A–B & other investments)
- Total Earlier Funding: ≈ $116M (combined)
- Key Investors: Blackstone, Shell, Banco Santander, and others
- Purpose: R&D, pilot deployments, and expansion into new markets.
Total Funding Raised: $301M
Latest Funding Date: November 19, 2024
Latest Valuation: $1B (as of November 11, 2021)
Employee Count: 51–200 (as of July 16, 2025)
Key Investors
- Blackstone
- Details: Global alternative investment firm that participated in strategic rounds supporting Ample’s growth and market expansion.
- Focus Areas: Private equity, infrastructure, and clean energy transition.
- Shell Ventures
- Details: Corporate venture arm of Royal Dutch Shell; an early strategic investor supporting Ample’s mobility and energy integration.
- Focus Areas: Energy transition, mobility technology, and charging infrastructure.
- Mitsubishi Corporation
- Details: Lead investor in the $25M Series D round (Nov 2024), bringing global infrastructure expertise and mobility partnerships.
- Focus Areas: Mobility, renewable energy integration, and large-scale infrastructure.
Where Is Ample’s Headquarters?
Ample is headquartered in San Francisco, California, United States, where it develops modular battery-swap stations, automation systems, and fleet management software for rapid deployment and scaling across global markets.
What’s Next for Ample?
With recent funding and validated swap technology, Ample will focus on scaling its swap network, deepening partnerships with fleets and OEMs, and expanding internationally, particularly in markets accelerating fleet electrification. The company aims to integrate renewable energy into swap stations, enhance swap speed, and develop standardized battery interfaces to promote interoperability and mass EV adoption.
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