About AmpUp
AmpUp is a company based in Cupertino (United States) founded in 2018 by Timotej Gavrilovic and Thomas Sun.. AmpUp has raised $15.15 million across 7 funding rounds from investors including Wright Express, Hyundai Motor Company and Goodyear. AmpUp offers products and services including AmpUp EV Cloud, AmpUp EV Driver App, and AmpUp O&M Service. AmpUp operates in a competitive market with competitors including Monta, SWTCH, Smartcar, Fuuse and ChargeLab, among others.
- Headquarter Cupertino, United States
- Founders Timotej Gavrilovic, Thomas Sun
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.15 M (USD)
in 7 rounds
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Latest Funding Round
$15 M (USD), Series A
Sep 26, 2024
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Investors
Wright Express
& 15 more
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Employee Count
Employee Count
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Products & Services of AmpUp
AmpUp offers a comprehensive portfolio of products and services, including AmpUp EV Cloud, AmpUp EV Driver App, and AmpUp O&M Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for monitoring and optimizing EV chargers in real-time
App that enables users to find, reserve, and pay for EV charging
Proactive monitoring and maintenance to minimize charger downtime
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Funding Insights of AmpUp
AmpUp has successfully raised a total of $15.15M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series A — $15.0M
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First Round
First Round
(01 Jun 2019)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series A - AmpUp | Valuation | Touchdown Ventures | |
| Dec, 2023 | Amount | Grant - AmpUp | Valuation |
investors |
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| Jun, 2022 | Amount | Seed - AmpUp | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AmpUp
AmpUp has secured backing from 16 investors, including venture fund and institutional investors. Prominent investors backing the company include Wright Express, Hyundai Motor Company and Goodyear. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Fund management services are provided to corporate venture funds.
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Founded Year | Domain | Location | |
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VC firm investing globally
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AmpUp
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AmpUp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ampup Comparisons
Competitors of AmpUp
AmpUp operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Monta, SWTCH, Smartcar, Fuuse and ChargeLab, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Monta is recognized as a provider of EV charging software solutions.
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| domain | founded_year | HQ Location |
Provider of EV charging management systems
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| domain | founded_year | HQ Location |
Provider of SaaS-driven API platform for connected car data
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| domain | founded_year | HQ Location |
Electric-vehicle charging stations are managed via a SaaS platform.
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| domain | founded_year | HQ Location |
Provider of electric vehicle station management solution
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ampup
Frequently Asked Questions about AmpUp
When was AmpUp founded?
AmpUp was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is AmpUp located?
AmpUp is headquartered in Cupertino, United States. It is registered at Cupertino, California, United States.
Who is the current CEO of AmpUp?
Thomas Sun is the current CEO of AmpUp. They have also founded this company.
Is AmpUp a funded company?
AmpUp is a funded company, having raised a total of $15.15M across 7 funding rounds to date.
What does AmpUp do?
AmpUp was founded in 2018 and is headquartered in Cupertino, United States. Operations focus on the electric vehicle sector, where solutions for managing and controlling charging stations are provided through a unified platform. Features such as smart scheduling, dynamic access control, and energy optimization are included to support station oversight. The platform enables integrated handling of charging infrastructure for various users.
What products or services does AmpUp offer?
AmpUp offers AmpUp EV Cloud, AmpUp EV Driver App, and AmpUp O&M Service.
Who are AmpUp's investors?
AmpUp has 16 investors. Key investors include Wright Express, Hyundai Motor Company, Goodyear, CT.gov, and Holman.
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