Ample Secures $25M Investment from Mitsubishi to Expand EV Battery-Swapping

Ample, an innovator in battery-swapping technology for electric vehicles (EVs), announced a significant $25 million investment from Mitsubishi Corporation. This strategic collaboration aims to accelerate Ample's mission to expand its battery-swapping infrastructure and make electric vehicle adoption more accessible and sustainable worldwide.

The investment goes beyond financial backing. Mitsubishi Corporation offers mobility, renewable energy, storage, battery reuse and recycling expertise. These combined efforts will help speed up the development and deployment of Ample’s sustainable energy solutions.

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Key Milestone for Ample's Growth

Khaled Hassounah, CEO of Ample said, "We are thrilled to have Mitsubishi Corporation join us on our mission to make electric vehicle adoption more accessible and sustainable.”

He added, "Their investment and industry knowledge will be invaluable as we continue to scale our battery-swapping infrastructure and advance our technology."

Since its last funding round, Ample has made significant strides in expanding its operations. The company has already launched battery-swapping services in Japan, marking a key expansion into the Asian market.

Ample is also moving forward with key partnerships, including collaborations with major automotive companies such as Stellantis and Mitsubishi Fuso Truck and Bus Corporation, a part of Daimler Truck. These partnerships integrate Ample's technology across a wide variety of EV models, increasing the versatility and accessibility of its services.

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Strengthening the Future of EV Infrastructure

The collaboration with Mitsubishi Corporation signals a major leap forward in Ample’s mission to revolutionize electric vehicle charging infrastructure. This collaboration accelerates Ample's mission to expand battery-swapping infrastructure and make electric vehicle adoption more accessible and sustainable globally.

Ample’s continued expansion and partnerships position the company as a key player in the EV space. They help address challenges related to energy storage and vehicle range limitations. This latest development marks another milestone in Ample's ongoing journey to make electric vehicle adoption a viable and efficient solution for drivers globally.