AmpUp, a Santa Clara-based electric vehicle (EV) charging platform, has successfully raised $15 million in Series A funding to enhance its services and expand its market presence. Here’s what you need to know:
- Funding Overview: The funding round was led by Touchdown Ventures, with participation from new investors like Autotech Ventures, MUUS Climate Partners, Holman, Goodyear, and more.
- Growth Plans: The company will utilize the funds to accelerate market expansion and innovate energy management solutions for the EV charging sector.
- Smart Technology: AmpUp, led by CEO Tom Sun, focuses on simplifying EV charging through smart technology that optimizes energy usage, contributing to a cleaner and smarter grid.
- Extensive Network: The platform has deployed thousands of EV charging stations across North America, serving notable clients like JLL, Domino’s Pizza, Under Armour, and Hilton.
- Board Expansion: The Series A funding has brought three new members to AmpUp’s Board of Directors: Greg Bergamesco (Touchdown Ventures), Ivy Nguyen (Autotech Ventures), and David Jackson (COO, AmpUp).
AmpUp is poised for growth in the rapidly evolving EV market, driving innovation in energy management while expanding its impact across various sectors.
