Amply Power sticks $13.2m in the tank

Apr 30, 2020 • Callum Cyrus

UC-backed Congruent Ventures returned to back EV charger hire service Amply Power four months after contributing to a $3.8m seed round.

Amply Power, a US-based electric vehicle (EV) charging service provider, obtained $13.2m on Tuesday in a round backed by Congruent Ventures, the sustainability-focused venture firm affiliated with University of California (UC).
Soros Fund Management led the round with contributions from industrial product and appliance producer Siemens, venture capital firm Obvious Ventures and impact investment fund PeopleFund.
Founded in 2018, Amply Power provides a subscription service for transport fleet operators to hire electric vehicle charging points.
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