AmpUp, Inc.
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AmpUp, Inc. - overview
Established
2018
Location
Santa Clara, CA, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
AmpUp, Inc. is a US-based company specializing in electric vehicle (EV) charging solutions for businesses and municipalities, providing innovative technologies to enhance the user experience and promote sustainable transportation. Founded in 2018, AmpUp, Inc. operates in Santa Clara, US, focusing on electric vehicle charging infrastructure.
The company was established by Shalabh Kulshreshtha and Tom Sun, with Tom Sun serving as the CEO. In September 2024, NAD Grid Corp. , raised USD 15 million led by new investor Touchdown Ventures, with participation from other new investors Autotech Ventures, Holman Growth Ventures, MUUS Climate Partners, WEX Venture Capital, Connecticut Innovations, Powerhouse Ventures. Returning investors TechNexus Venture Collaborative, Foothill Ventures, Goodyear Ventures and other unspecified investors also participated in the round.
AmpUp, Inc. offers comprehensive electric vehicle (EV) charging solutions, including the AmpUp EV Cloud for monitoring and managing charging stations and the AmpUp EV Driver App for user access to charging services. Their client base spans commercial enterprises, municipalities, and fleet operators, with notable partnerships including Under Armour, HelloFresh, and the City of Valparaiso. The company’s products are utilized across major urban centers in the United States, enhancing EV infrastructure.
AmpUp, Inc. generates revenue through subscription services for its AmpUp platform, which offers tools for managing EV charging networks. Revenue streams include one-time and recurring fees for installation and maintenance of charging hardware, with various pricing plans such as tiered options and pay-per-use models. The flagship services, including Operations and Maintenance (O&M) packages, are designed to ensure reliable performance and minimize downtime.
The company plans to enhance its product offerings and target additional geographic markets for EV infrastructure deployment. Recent funding will support these initiatives, positioning the company to meet the increasing demand for sustainable transportation solutions.
Current Investors
Y Combinator, Frontier Ventures, Pegasus Tech Ventures
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Consumer Services, Automobiles, Other Vehicles & Parts, Green IT, Analytics & Performance Software, Application Integration Software
Website
www.ampup.io
Verticals
IoT (Internet of Things), Mobile Apps
Company Stage
Series A
Total Amount Raised
Subscriber access only
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