Ampcontrol raises $10 million in financing for EV fleet charging software

US-headquartered Ampcontrol has secured $10 million in Series A financing from The Westly Group, along with existing investors AngelPad and Lorimer Ventures. Ampcontrol will use the funds to continue development of its AI-powered charging platform designed to reduce energy costs and EV charger downtime.

The company says more than 20 fleet operators, including WattEV, First Bus and Revel, as well as a large global truck manufacturer, are using the platform in the US, Europe, Latin America and Africa.  

The software makes real-time decisions and provides detailed monitoring tools, dynamic load management, V2G integrations and telematics integrations with partners such as Geotab.

Source: Ampcontrol

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