Ampcontrol Raises $10 Million in Series A

by Kay Aloha Villamor in July 27th, 2023

Ampcontrol, a New York-based AI-powered software solution for fleet operators, has raised $10 million in Series A financing to fuel its next phase of growth.

The round was led by The Westly Group, with participation from existing investors AngelPad and Lorimer Ventures.

Ampcontrol collaborates with some of the largest fleet operators globally, counting WattEV, First Bus, Revel, and one of the world's biggest commercial truck manufacturers among its customers.

The software works by connecting to EV charging hardware and vehicles, enabling real-time decision-making and providing detailed monitoring tools to fleet operators. Among the features offered are 24/7 hardware monitoring, OCPP charger communication, fleet management, dynamic load management, V2G integrations, and an alerts & notification system.

"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."

Company: Ampcontrol Technologies, Inc.

Raised: $10.0M

Round: Series A

Funding Month: July 2023

Lead Investors: The Westly Group

Additional Investors: AngelPad and Lorimer Ventures

Company Website: 

Software Category: AI-Powered EV Fleet Charging Software

About the Company: Ampcontrol is a company that provides AI-powered software for electric fleets that connects to the EV charging hardware and vehicle telematics to make real-time decisions and provide detailed monitoring tools to fleet operators. Ampcontrol's API-based platform allows for easy and seamless compatibility with other existing software systems. The company has deployments in the U.S., Europe, LATAM, and Africa. Since 2019, Ampcontrol's software has been utilized by more than 20 fleet operators across the U.S., Europe, Latin America, and Africa. The software helps ensure on-time departures, maintain low energy costs, and reduce EV charger downtime.


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