AmpUp Secures $15M to Expand EV Charging Solutions

Image source: AmpUp

Published on September 30, 2024

AmpUp, an electric vehicle (EV) charging platform, has closed its Series A funding round, raising $15 million. This funding will support its U.S. market expansion and continued innovation in energy management for the EV charging sector. Led by Touchdown Ventures, the round also included Autotech Ventures, MUUS Climate Partners, and other investors.

Over the past 24 months, AmpUp’s subscription revenue has surged over sevenfold, with EV port management and utilization tripling. The company now holds 4% of the U.S. commercial Level 2 (L2) charging market, serving over 1,000 customers across the U.S. and Canada.

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