| Founded | 2014 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Mobility |
| Total raised | $160M (Shell Ventures, Repsol Fund, ENEOS Holdings, 2014–2022) |
| Collapse type | Sudden Collapse |
| Founder | Khaled Hassounah |
Ample
"EV battery swapping startup raised $160M from Shell and Repsol—then shut down operations in August 2023 as automakers standardised on fast charging over battery swap."
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Ample was founded in 2014 to build a modular battery swapping system for electric vehicles—instead of waiting 30 minutes to charge, an EV pulls into an Ample station and gets a fully charged battery module installed in under five minutes.
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