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Ampcontrol Raises $10M Series A For Ai-Powered Ev Fleet Charging Software

PRIVATEJul 26, 2023

Amount Raised

$10 Million

Round Type

Series A

ManhattanSoftwareAutomotiveFleet Management

Investors

Lorimer VenturesAngel PadThe Westly Group

Description

NEW YORK, NY / July 26, 2023 / Ampcontrol, a leading AI-powered software solution for fleet operators, today announced $10 million in Series A financing to enable its next stage of growth. The round was led by The Westly Group with participation from existing investors AngelPad and Lorimer Ventures.

Quick answer

Ampcontrol raised $10 Million in a Series A round, dated July 26, 2023. Investors: Lorimer Ventures, Angel Pad and The Westly Group. Ampcontrol is based in Manhattan, Kansas, United States.

How much did Ampcontrol raise?
Ampcontrol raised $10 Million in a Series A round on July 26, 2023.
Who invested in Ampcontrol?
Lorimer Ventures, Angel Pad and The Westly Group are named as investors in this round.
What does Ampcontrol do?
Ampcontrol is a leading AI-powered software for electric fleets.
Where is Ampcontrol based and how big is it?
Ampcontrol is based in Manhattan, Kansas, United States.
Who are the decision-makers at Ampcontrol?
Fundz holds 1 contact at Ampcontrol. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Automotive and Fleet Management around the same time

Companies in the same sectors as Ampcontrol that raised within 45 days of this round, from Fundz verified event records.

  • Treads App raised $4.5M (Seed) on August 15, 2023.
  • Altos Radar raised $3.5M (Seed) on August 14, 2023.
  • Wrisk raised an undisclosed amount on June 27, 2023.
  • Colonia Technologies raised $6.5M (Funding Round) on June 26, 2023.
  • Peach Cars raised $5M (Seed) on June 15, 2023.
  • Everest Fleet raised $20M (Funding Round) on June 14, 2023.

Who to call at Ampcontrol, and when

A new round usually means Ampcontrol is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Ampcontrol

Location

Manhattan, Kansas, United States

About

Ampcontrol is a leading AI-powered software for electric fleets. Fleet operators use Ampcontrol to reduce EV charger downtime and reduce electric fueling costs. The software connects to the EV charging hardware and vehicle telematics to make real-time decisions and provide detailed monitoring tools to fleet operators. Benefits are on-time departures, a low peak power demand, energy cost reductions, fully charged vehicles, and more. Ampcontrol's API-based platform allows for easy and seamless compatibility with other existing software systems. The VC-backed company has deployments in the U.S., Europe, LATAM and Africa. To learn more, please visit https://www.ampcontrol.io/ or LinkedIn, or reach out to pr@ampcontrol.io.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Ampcontrol raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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