USA: bp acquires AMPLY Power
The company will use the new assets to expand its service network for the next generation of energy solutions.
bp has announced the acquisition of AMPLY Power, an electric vehicle charging and energy management provider for fleets that operate trucks, transit and school buses, vans and light-duty vehicles. This negotiation is aligned with the British firm’s plan to scale-up next generation mobility solutions, providing a network of charging and digital solutions for customers, including individual drivers and fleet operators.
“bp is aiming to speed up electrification in the fast-growing fleet segment, which is key to lowering emissions from the transport sector - the largest contributor to greenhouse gas emissions in the US. As we continue to invest in new forms of infrastructure and technology to serve our global fleet customers, AMPLY Power provides an ideal opportunity to build our EV business in the US,” said Richartd Bartlett, Senior Vice President of Future Mobility and Solutions of bp.
Founded in 2018, AMPLY Power aims to make EV adoption easy for fleets. The California-based firm offers different services such as providing installation of hardware, software and operational and maintenance costs; as well as customer-financed software as service, for clients who prefer to own their infrastructure. With its OMEGA Charge Management System, it offers a software that helps fleet operators manage energy costs and optimizes performance by providing real-time monitoring of EV charging operations and preventative maintenance for both vehicles and chargers.
“Our mission at AMPLY Power is to accelerate the transition to electric-powered fleets by offering comprehensive solutions that make it easy and cost-effective for operators to use EVs”, said Vic Shao, Founder and CEO of AMPLY Power. “Now, with support and backing from bp, we can scale our approach to reach new markets while bringing our unique expertise to bp’s broader electric fleet initiatives. bp shares our sustainability values and commitment to technological innovation, making this an opportunity to create a lasting positive impact on the environment and the economy,” he added.
Under the terms of the agreement, AMPLY Power will continue to operate independently as part of bp’s global portfolio of businesses. Financial details of the agreement are not being disclosed.
