2030 Finance | April 29, 2020

EV charging-as-a-service provider AMPLY Power locks in $13.2 million

Amy Cortese
ImpactAlpha Editor

Amy Cortese

ImpactAlpha, April 29 – Mountain View, Calif-.based AMPLY Power provides charging infrastructure and optimization software for commercial electric vehicle fleets, including East Contra Costa County’s Tri Delta Transit. Infrastructure-as-a-service models, such as AMPLY’s, are catching on as a way for companies and municipalities to deploy sustainable services without the hefty upfront costs.

Soros Fund Management and Siemens joined existing investors Congruent Ventures, PeopleFund, and Obvious Ventures in the company’s Series A round.

AMPLY’s mission is “to take the technical guesswork out of electrification infrastructure so fleets can scale their zero-emission deployments with confidence while delivering cleaner air for their communities,” founder Vic Shao said in announcing the deal.

Generate Capital raises $1 billion to scale sustainable infrastructure-as-a-service