EV energy management specialist AMP has closed a Series A funding round that raised $17.25 million. The funds will be used to speed up the development of ampOS—a connected energy management platform composed of the company’s ampCloud, battery management system and a bidirectional onboard charger.
The company says its technology is aimed at accurately assessing the health of battery packs, providing improved battery pack management, supporting V2G and informing financial services involved in warranties and insurance for EVs.
“Our company’s technology will shrink the upfront and operating costs of both the mobile and stationary battery sectors,” says AMP CEO Anil Paryani. “Our customers are eager to adopt the AMP ampOS at scale, saving them and their end customers billions of dollars in the coming years.”