Skip to content
Search AI Powered

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Ampcontrol Raises $10M Series A for AI-powered EV Fleet Charging Software

Series A Investment Supports Ampcontrol's Leading AI-Powered Software That Helps Fleet Operators Face the Critical Challenges of Migrating Their Fleets to Electric

Ampcontrol Raises $10M Series A for AI-powered EV Fleet Charging Software

NEW YORK, NEW YORK - Ampcontrol, a leading AI-powered software solution for fleet operators, today announced $10M in Series A financing to enable its next stage of growth. The round was led by The Westly Group with participation from existing investors AngelPad and Lorimer Ventures.

Fleet operators are facing critical challenges when switching from internal combustion engines to electric vehicles. Problems range from high energy costs, low charger reliability, and late departure of vehicles. Since 2019, more than 20 fleet operators across the US, Europe, Latin America, and Africa use Ampcontrol’s software to ensure on-time departures, maintain low energy costs, and reduce EV charger downtime.


Ampcontrol works with some of the largest fleet operators in the world. Customers include WattEV, First Bus, Revel, and one of the largest global commercial truck manufacturers. Customers like Revel are using Ampcontrol’s AI-powered software to save 45%+ on their monthly energy costs.

“We believe Ampcontrol’s innovative AI platform offers the tools we need to optimize and monitor our EV charge points. The company’s vision aligns closely with our goals, and we are thrilled to be working with them” said Ihor Starepravo, Head of Software of WattEV.

After years of consulting with energy companies, Ampcontrol CEO and Founder, Joachim Lohse, leveraged his knowledge of the grid and EV fleets to build software that would help fleet operators maintain a high charger uptime, plan routes, coordinate with energy tariffs, and monitor their vehicles and chargers with live data. This laser-focus on electric fleets allows Ampcontrol to support fleets in a variety of industries and use cases, including transportation & logistics, transit buses, rideshare & taxi, food & beverages and school buses.

Today, Ampcontrol’s software connects to the EV charging hardware and vehicles to make real-time decisions and provide detailed monitoring tools to fleet operators. Ampcontrol offers 24/7 hardware monitoring, OCPP charger communication, fleet management, dynamic load management, V2G integrations, alerts & notification system, and more. The software has a best-in-class uptime of 99.995%, which makes it the most reliable software system in the market for EV fleet charging. Fleet operators also benefit from Ampcontrol's vehicle telematics integrations with partners such as Geotab.

“We are thrilled to announce the addition of The Westly Group to our team, as one of the early investors in Tesla and other electrification companies, they fully embrace our vision for Ampcontrol,” said Ampcontrol CEO and Founder Joachim Lohse. “Building a company does not come with a playbook, and there is no set formula to follow, but with support from partners like The Westly Group, AngelPad and Lorimer Ventures, we are confident in our ability to become the technology leader for electric fleets.”

“We couldn’t be more excited to support Ampcontrol's vision to become the leading software platform for electric fleets,” said Emily Fritze, Partner at The Westly Group. “Every commercial vehicle manufacturer is moving electric and will need a new suite of tools to manage the operations and energy of their fleet. We have evaluated almost every early-stage company in this sector, and Ampcontrol has built the strongest, most reliable, and advanced charging product in the market.”

About Ampcontrol
Ampcontrol is a leading AI-powered software for electric fleets. Fleet operators use Ampcontrol to reduce EV charger downtime and reduce electric fueling costs. The software connects to the EV charging hardware and vehicle telematics to make real-time decisions and provide detailed monitoring tools to fleet operators. Benefits are on-time departures, a low peak power demand, energy cost reductions, fully charged vehicles, and more. Ampcontrol’s API-based platform allows for easy and seamless compatibility with other existing software systems. The VC-backed company has deployments in the US, Europe, LATAM and Africa. To learn more, please visit https://www.ampcontrol.io/, LinkedIn, or reach out to pr@ampcontrol.io.

About The Westly Group
The Westly Group is a venture fund in Menlo Park that invests in energy, mobility, industrial technology, buildings, and cybersecurity and has had nine companies go public including Tesla Motors, Luminar, and SentinelOne. The firm has over $700M AUM and 22 energy and mobility companies invested in the fund including Audi, Geotab, Bridgestone, Oshkosh, AEP, Duke Energy, Dominion Energy, and more.

https://www.ampcontrol.io/

Recent

More Stories

Integrated Systems Design
Integrated Systems Design
Integrated Systems Design

Integrated Systems Design joins MHI’s Automated Storage and Retrieval Systems Group

WIXOM, MI, October 14, 2024 - Integrated Systems Design (ISD), a leading provider of innovative material handling solutions, announced today that it has joined MHI's Automated Storage and Retrieval Systems (AS/RS) product section group. This strategic move reinforces ISD's commitment to advancing automation technologies to its manufacturing and warehouse customers improving their warehouse, logistics, and supply chain systems.

MHI, the nation's largest material handling, logistics, and supply chain association, welcomes ISD to its AS/RS group, which focuses on promoting the development and implementation of automated storage and retrieval systems across various industries.

Keep ReadingShow less

Featured

Wabash partners with University of Delaware to advance solar Solutions in commercial transportation

Wabash partners with University of Delaware to advance solar Solutions in commercial transportation

LAFAYETTE, Ind., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Wabash (NYSE: WNC), the visionary leader of connected solutions for the transportation, logistics and distribution industries, announced today it was selected to receive a $1.6 million grant award from the U.S. Department of Energy Solar Energy Technologies Office (SETO) to support a research and development project aimed at decarbonizing the commercial transportation industry.

The three-year project, set to begin next year in partnership with the University of Delaware’s Center for Composite Materials, focuses on integrating high-efficiency solar energy into refrigerated trailers and truck bodies. This innovation will play a pivotal role in making zero-emission mid-mile transportation a commercially viable option.

Keep ReadingShow less
NobleLift

Noblelift 2024 Dealer Meeting

NOBLELIFT® North America Hosts its 2024 Dealer Meeting

Des Plaines , Illinois – NOBLELIFT North America, a global leader in Lithium-iron technology and a manufacturer of a comprehensive range of high-performance, low-maintenance manual, electric, and internal combustion material handling equipment, hosted its 2024 Dealer Meeting at the Embassy Suites in Rosemont, Illinois, just miles from their Illinois headquarters in Des Plaines, Illinois.

Over ninety participated in this year’s bi-annual dealer meeting which lasted two days. Day one of the program included presentations and training on various subjects such as NOBLELIFT new products, NOBLELIFT lithium-iron technology, future plans, leasing/financing, marketing, aftersales tech support, parts, extended warranties, quoting software, and more. The dealers welcomed the opportunity to learn more about the company, share their feedback and ideas, and network with other dealers.

Keep ReadingShow less
Randa Apparel & Accessories selects FORTNA to modernize 
Dallas-Fort Worth warehouse

Randa Apparel & Accessories selects FORTNA to modernize Dallas-Fort Worth warehouse

ATLANTA (Oct. 8, 2024) – Randa Apparel & Accessories (RAA), one of the world's leading fashion apparel and lifestyle accessories companies, today announced a strategic partnership with FORTNA, the leading automation and software company for the full logistics value chain, to modernize their recently acquired Dallas-Fort Worth 625,000 square foot warehouse. This collaboration aims to modernize the facility to meet contemporary demands, enhancing operational efficiency and productivity.

RAA, known for its portfolio of over 40 licensed brands and the recent acquisition of the Haggar brand, acquired the Dallas-Fort Worth facility as part of the deal. Faced with the decision to either move out of or upgrade the facility, RAA engaged with FORTNA to develop a comprehensive solution to keep operations local while addressing real estate constraints.

Keep ReadingShow less

Hub International announces strategic partnership with Mas Seguros to expand transportation cross-border capabilities

Chicago, IL, October 1, 2024 - Hub International Limited (HUB), a leading global insurance brokerage and financial services firm, announced today an exclusive referral and broker program partnership throughout the U.S., Canada and Mexico with MAS Seguros, the largest trucking insurance broker in Mexico. The partnership is a response to Mexico’s growing influence in the global economy and a reflection of HUB’s and MAS Seguros’ commitment to expanding its capabilities to better serve clients doing business throughout North America.

Due to changing global political relationships and policies*, there has been a significant move for manufacturing operations to Mexico, which comes with increased risk and insurance challenges when transporting goods cross-border. Organizations face regulatory compliance issues, crime, product damage, catastrophic weather events and accidents. Additionally, more transportation firms from Mexico are moving to the U.S. As a result, there is an emerging transportation and logistics need to manage risk and insure freight, property and assets while transporting goods into Mexico for manufacturing and then back to the U.S. and Canada.

Keep ReadingShow less