Ample, Inc.
Electric Vehicle TechnologyCompany Overview
Ample, Inc. is a San Francisco-based developer of modular battery swapping systems and charging infrastructure for electric vehicle fleets. Founded in 2014, the company developed autonomous robotics technology enabling EV battery replacement in under five minutes, targeting commercial fleet operators in logistics, ride-hailing, and delivery services. Ample established partnerships with major automotive and energy companies including Uber, Stellantis, Mitsubishi Motors, and Shell, with pilot deployments in San Francisco, Madrid, and Tokyo.
Situation
Despite raising over $330 million across five funding rounds from investors including Shell Ventures, Blackstone, Santander, and Mitsubishi Corporation, the company faced severe liquidity constraints amid a challenging capital environment for renewable energy investments. Supply chain disruptions, the contraction of public and private investment in clean energy, and regulatory delays in international markets impeded scaling efforts. The company filed Chapter 11 to pursue a Section 363 sale or recapitalization of the business.