Ample Secures $25 Million Investment from Mitsubishi Corporation to Drive Expansion of Battery Swapping Technology

SAN FRANCISCO–(BUSINESS WIRE)–Ample, a leading provider of battery swapping technology for electric vehicles, today announced a $25 million investment from Mitsubishi Corporation. This strategic collaboration goes beyond just a financial investment, where Mitsubishi Corporation will support Ample’s ongoing efforts to expand its battery-swapping business. Mitsubishi Corporation will collaborate closely with Ample, leveraging their expertise in mobility, renewable energy, energy storage, and battery reuse and recycling to help accelerate the deployment of sustainable energy solutions.

“We are thrilled to have Mitsubishi Corporation join us on our mission to make electric vehicle adoption more accessible and sustainable,” said Khaled Hassounah, CEO of Ample. “Their investment and industry knowledge will be invaluable as we continue to scale our battery-swapping infrastructure and advance our technology.”

Since its last funding round, Ample has made significant progress in expanding its battery-swapping infrastructure. The company has kicked off operations in Japan, signing key partnerships to accelerate the deployment of swapping services. Additionally, Ample has formed partnerships with major OEMs such as Stellantis and Mitsubishi Fuso Truck and Bus Corporation, part of Daimler Truck, to integrate its battery-swapping technology with a wide range of EV models, ensuring versatility and accessibility.

These achievements demonstrate Ample’s commitment to providing efficient energy solutions for electric vehicles and mark another major milestone in its journey to make EV adoption a viable option for more drivers around the world.

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