A Ample, startup American focused on development of battery exchange electric vehicles, raised another $50 million in a new round of capital injections led by Blackstone.
The new round came after a $160 million investment in August, which boosted the company’s value to $890 million, according to the PitchBook website.
With the announcement made on Wednesday (10), Ample is now valued at more than $1 billion, earning it the title of unicorn, said a source with knowledge of the round.
The seven-year-old company has raised more than $275 million from a range of investors, including the venture capital arms of global companies like Royal Dutch Shell, Repsol and Eneos, according to PitchBook. The new round also included Santander.
Ample has partnered with Uber to offer battery exchange services for company drivers. The company now plans to expand the partnership to Europe and is entering the Japanese market through a partnership with Eneos.
It operates automatic battery exchange stations capable of replacing an empty battery with a fully charged one in less than 10 minutes, much less time than it takes to recharge an electric vehicle battery.
Reference: CNN Brasil
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