Electric car-charging startup Ample raises $31M in funding round led by Shell Ventures

Electric car-charging startup Ample raises $31M in funding round led by Shell Ventures

In a recent announcement, San Francisco-based stealth electric car-charging startup called Ample has revealed that it has raised a substantial amount of $31 million in its Series A funding round.

The funding round reported by Ample was led by Shell Ventures, which is the investment division of multinational oil and gas giant Royal Dutch Shell. Besides, Shell Ventures, the other participants in Ample’s funding round included Moore Strategic Ventures, Hemi Ventures, Repsol Energy Ventures, and TriRec.

Ample is a 2014-founded startup, with Khaled Hassounah and John de Souza as its co-founders. The two co-founders of Ample have previously sold their startups to some other companies like Microsoft, Merck, and Symantec.

Hassounah is presently serving as the CEO of Ample. The startup has claimed in a recent statement that it has used autonomous robotics and smart battery technology for developing an “economical, rapidly deployable, and widely accessible platform that delivers a full charge to any electric car in minutes.” The startup has also disclosed that it has plans underway towards the deployment of its technology in “multiple locations” in the next few months.

With regard to the recent funding secured by Ample, Hassounah said: “Building a scalable solution for charging electric vehicles requires a new approach to infrastructure and partners who are committed to developing electrification as the new energy downstream.”