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Goodyear Ventures has added AmpUp to its investment portfolio. Goodyear Ventures is a venture capital arm of Goodyear while AmpUp is an electric vehicle (EV) software company and network provider that enables drivers, hosts, and fleets to charge stress-free and is a leader in electric vehicle (EV) charging.
AmpUp supports the EV driving community through its advanced charging network and software solutions. With operations across North America, AmpUp aims to make charging accessible and seamless for every EV driver.
Abhijit Ganguly, Managing Director, Goodyear Ventures, said, “Goodyear is interested in enabling the future of mobility, including within the EV sector. AmpUp will provide us with valuable insights on the latest electrification trends and bring their solutions to our fleet customers who are considering electrification.”
Thomas Sun, CEO and Co-founder of AmpUp, said, “AmpUp is thrilled to partner with Goodyear, whose commitment to innovation and electric mobility will be crucial to wide-scale adoption of EVs. As a company focused on providing seamless charging solutions, AmpUp can’t wait to explore solutions with the Goodyear team nationwide.”
Goodyear Ventures fuels the future of mobility by partnering and investing in seed-to-growth-stage startups in emerging mobility technology, including EV mobility and infrastructure.
The AmpUp product line provides an easy way to manage electric vehicle charging stations for property owners, utilities, and fleets. Founded in 2018, AmpUp’s solutions serve thousands of EV drivers and charge station owners across North America and abroad.
AmpUp also secured additional capital led by Foothill Ventures and TechNexus Venture Collaborative.
The company achieved major milestones this year, including a 160 charge station project in downtown Los Angeles and EV charging pilots with major utilities National Grid, Pacific Gas & Electric, and Green Mountain Power.