A San Francisco based startup focused on solving the energy delivery challenge for electric cars, Ample, has closed a $31 million Series A round of financing.
Shell Ventures led the investment round with participation from 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.
The company claims to have 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.