Electric vehicle (EV) charging platform AmpUp has successfully raised $15 million in a Series A funding round led by Touchdown Ventures. Other participants in the round included Autotech Ventures and MUUS Climate Partners. The U.S.-based company plans to use this investment to accelerate its expansion within the U.S. market and continue developing innovations in energy management solutions.
Founded in 2018 by Thomas Sun and Tim Gavrilovic, AmpUp is positioned as a technology company providing comprehensive software and service solutions for EV charging stations. The company’s mission is to help users effectively manage charging stations, schedule charging processes, and optimize energy consumption.
AmpUp offers a subscription-based platform tailored primarily for commercial businesses, enabling them to enhance the performance of their charging stations. The platform provides valuable insights through data analytics, streamlines maintenance processes, and improves the overall user experience. Additionally, by optimizing energy consumption, AmpUp helps reduce waste, contributing to a more sustainable environmental impact.
Currently, AmpUp serves over 1,000 customers and offers integrated payment solutions for fleet managers, allowing them to easily track charging costs across multiple vehicles. This feature not only helps businesses manage their budgets more efficiently but also boosts revenue streams from charging station operations.
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