08 Aug '18, 10am

Shell Ventures leads $31M investment in EV charging startup Ample

The venture capital arm of oil giant Shell is leading an investment the San Francisco-based startup Ample, which describes itself as “a technology company focused on solving the energy delivery challenge for electric cars.” Shell Ventures confirmed that it is leading a $31 million Series A round of financing in Ample. Other participants include Moore Strategic Ventures, Repsol Energy Ventures, Hemi Ventures, and TriRec. Ample was established in 2014, and its two founders — Khaled Hassounah and John de Souza — have sold previous startups to some big buyers, including Microsoft, Symantec, and Merck. Ample has invented an economical, rapidly deployable and widely accessible platform that delivers a full charge to any electric car in minutes. An alternative to traditional charging, Ample uses autonomous robotics and smart-battery technology, making it feasible for anyone to ow...

Full article: https://electriccarsreport.com/2018/08/shell-ventures-lea...

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