EV Battery-Swapping Startup That Raised $330 Million Files for Bankruptcy

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In 2023 Slashdot covered a battery-swapping startup that promised to give EVs a full charge in about the same time it takes to fill a tank of gas.

They just filed for bankruptcy, reports Inc:


Ample was founded in 2014 with a goal of “solving slow charging times and infrastructure incompatibility” for commercial EV fleets such as those in logistics, ride-hailing, and delivery, the filing states. To-date, Ample has raised more than $330 million across five rounds of funding to finance…



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EV Battery-Swapping Startup That Raised $330 Million Files for Bankruptcy


In 2023 Slashdot covered a battery-swapping startup that promised to give EVs a full charge in about the same time it takes to fill a tank of gas.

They just filed for bankruptcy, reports Inc:


Ample was founded in 2014 with a goal of “solving slow charging times and infrastructure incompatibility” for commercial EV fleets such as those in logistics, ride-hailing, and delivery, the filing states. To-date, Ample has raised more than $330 million across five rounds of funding to finance…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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