Ampcontrol – a leading AI-powered software solution for fleet operators – recently announced $10 million in Series A financing to enable its next growth stage. The Westly Group led the funding round with participation from existing investors AngelPad and Lorimer Ventures.
Fleet operators face 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. And since 2019, over 20 fleet operators across the US, Europe, Latin America, and Africa have used 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. And the company’s customers include WattEV, First Bus, Revel, and one of the largest global commercial truck manufacturers. Customers like Revel use Ampcontrol’s AI-powered software to save 45%+ on monthly energy costs.
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. And this laser focus on electric fleets allows Ampcontrol to support fleets in various industries and use cases, including transportation & logistics, transit buses, rideshare & taxi, food & beverages, and school buses.
Ampcontrol’s software connects to the EV charging hardware and vehicles to make real-time decisions and provide detailed monitoring tools to fleet operators. And Ampcontrol offers 24/7 hardware monitoring, OCPP charger communication, fleet management, dynamic load management, V2G integrations, alerts & notification systems, and more. And 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.
KEY QUOTES:
“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.”
— Ihor Starepravo, Head of Software of WattEV
“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. 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.”
— Ampcontrol CEO and Founder Joachim Lohse
“We couldn’t be more excited to support Ampcontrol’s vision to become the leading software platform for electric fleets. 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.”
— Emily Fritze, Partner at The Westly Group
