We sit down with you and build your perfect lead list. Book a call with founders.

AmpUp Analysis: $15M Raised

What is AmpUp?

AmpUp specializes in electric vehicle charging software tailored for fleets, workplaces, and municipalities. Their platform offers remote oversight and granular controls, ensuring a high charging success rate. This technology enables organizations to efficiently manage and scale their EV charging operations.
Employees
51-200
Founded
2018
Industry
SaaS, Mobility Tech, Climate Tech
Valuation
$2.5M
Latest Funding Amount
$15,000,000
Latest Funding Round Size
$15.0M
Selfserve Signup
Yes

Product Features & Capabilities

  • AmpUp EV Cloud for monitoring and control of EV chargers
  • AmpUp EV Driver App for easy charging access
  • AmpUp O&M Service for proactive charger maintenance
  • Dynamic load management for optimized energy use
  • Real-time diagnostics for immediate issue resolution.

How much AmpUp raised

Funding Round - $15.0M

Recent

Other Considerations

Achieved a 98.5% charging success rate; Partnered with notable clients like Under Armour and HelloFresh; Offers access to over 50 rebate programs for installation cost reduction.

Gtm Strategy

AmpUp employs a hybrid go-to-market (GTM) strategy that incorporates elements of both product-led growth (PLG) and sales-led growth.

Upon analyzing the AmpUp website, several key aspects of their GTM strategy emerged. The homepage prominently features their products, including the "AmpUp EV Cloud" and the "AmpUp EV Driver App," indicating a focus on accessibility for users. There are options for immediate product access, such as "Get Started" buttons, which suggest a self-service approach typical of PLG. However, the presence of "custom pricing" indicates a tailored approach that may involve sales interactions, aligning with a sales-led strategy.

The pricing structure is transparent, allowing potential customers to understand their options without needing to contact sales directly. This transparency, along with the availability of case studies showcasing successful implementations by companies like Under Armour and HelloFresh, suggests that AmpUp is targeting both small teams and larger enterprises, indicating a hybrid model.

Additionally, the website offers educational resources, including a blog and a revenue calculator, which support self-service learning and indicate a commitment to empowering users. This investment in educational content aligns with PLG principles, while the structured case studies point to a more traditional sales-led approach.

Overall, AmpUp's strategy reflects a balance between facilitating rapid user adoption through self-service options and maintaining high-touch relationships for larger contracts, demonstrating a well-rounded approach to market engagement.

Reported Clients

AmpUp's reported clients include notable companies such as Under Armour, HelloFresh, Holman Industries, the City of Valparaiso, Wynn Resorts, Citizen's Bank, Domino's Pizza, and Procter & Gamble. The nature of their relationships involves various projects, including the installation of branded chargers, integration of charging solutions into fleet systems, and enhancement of guest experiences with reliable EV chargers. For instance, Under Armour has installed 36 branded chargers across its campuses to support sustainability efforts, while HelloFresh has deployed over 30 chargers at last-mile hubs for their delivery vans.

Find more companies like AmpUp

US Series A startups