Oil giant bp acquires EV fleet infrastructure specialist AMPLY Power

The European oil comanies bp, Shell and Total have been buying up companies in many charging infrastructure-related fields. Now this trend has spread to the US, as bp announces the acquisition of AMPLY Power, a charging and energy management provider for EV fleets.   

Under the terms of the agreement, AMPLY Power will continue to operate independently as part of bp’s global portfolio of businesses. The fossil fuel giant plans to expand its global network of EV charging points from around 11,000 today to more than 70,000 by 2030.

Founded in 2018, AMPLY Power aims to make EV adoption easy for fleets. It offers two options: fully financed Charging-as-a-Service (CaaS), under which AMPLY Power provides a comprehensive charging package, and fleet customers pay a flat per-kWh or per-mile rate; and Customer-financed Software-as-a-Service (SaaS), under which customers own their charging infrastructure, and pay an annual fee for software and managed services.

“bp shares our sustainability values and commitment to technological innovation,” says AMPLY Power founder and CEO Vic Shao.

Source: bp