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.
The service is pitched as an alternative to buying specific EV charging products which can become obsolete. The capital will help expand Amply’s headcount to win more transport sector clients.
Amply’s existing customers include Pacific Current, a strategic innovation arm of power supplier Hawaiian Electric Industries, as well as transit operators in New York City and California.
The business was founded by chief executive Vic Shao. Shao, an alumnus of UC Berkeley, previously led distributed energy storage company Green Charge to an acquisition by energy supplier Engie in 2016.
Amply Power previously secured $3.8m in a January 2020 seed round backed by Congruent Ventures, Obvious Ventures, People Fund and Kitty Hawk Ventures.