Angelpad: Ampcontrol Raises $10M for its AI-Powered Management Solution for Fleet Operators with Electric Vehicles

While electric vehicles and their batteries are now starting to offer impressive ranges equivalent to gas-powered vehicles, there are a number of additional considerations for electric vehicles such as the location of chargers, the time it will take to charge, and the differing costs associated with charging at various times. For fleet operators that are introducing electric vehicles to their fleets, these considerations are exacerbated. As a result, energy optimization services are being introduced through integrated software to allow fleets to fully take advantage of the cost benefits associated with converting to EV fleets. Ampcontrol is an AI-powered fleet management platform for fleet operators with electric vehicles. The company's software connects to charging hardware and the vehicles to provide real-time visibility for operators from a holistic standpoint empowering operators with automated insight on things like hardware utilization, charging, energy costs optimization, load management, and smart notifications while ensuring vehicles are available for use and fully charged when needed. Launched in 2019, Ampcontrol is currently working with over twenty fleet operators including NYC-based Revel, which has been able to save up to 45% per month in energy costs by using the platform. AlleyWatch caught up with Ampcontrol Founder and CEO Joachim Lohse to learn more about the business, the company's strategic plans, latest round of funding, which brings the company's total funding raised to $14.1M, and much, much more...