Latest news with #Ample
Business Wire
3 days ago
- Automotive
- Business Wire
Ample Brings Modular Battery Swapping Technology to Madrid with Support from the Spanish Government and the Moves Singulares Award
SAN FRANCISCO--(BUSINESS WIRE)-- Ample, a leading provider of battery swapping technology for electric vehicles, has completed the deployment of its first modular battery swapping stations in Madrid. This deployment was made possible with Ample's receipt of the Moves Singulares award, an initiative by the Government of Spain to fund innovative technologies to accelerate the transition to electric mobility. With the support of €9.76 million, Ample has planned the installation of several additional modular EV battery swapping stations in Madrid's city center. This marks the beginning of a broader rollout of Ample's technology across the city, aimed at tackling key barriers to EV adoption, including charging time, range anxiety, and infrastructure scalability. Madrid leads Spain in electric vehicle adoption, with the highest number of EV registrations in the country. To meet its goal of reducing emissions by 65% by 2030 and align with Spain's national target of 5.5 million EVs on the road within the decade, the city is rapidly expanding charging infrastructure and exploring solutions like battery swapping. Recognizing the role of modular battery swapping in accelerating EV adoption, the Spanish government selected Ample as the first recipient of the Moves Singulares award for this technology. Ample was chosen for its ability to address urban charging constraints, support high-utilization fleets, and reduce vehicle emissions in densely populated areas. Ample's battery swapping technology fully charges electric vehicles in five minutes, making it as fast and convenient as refueling with gas. The system is designed for seamless integration with any EV model, replacing depleted batteries with fully charged ones. Its modular architecture allows for rapid deployment—stations can be installed in as little as three days—making it an ideal solution for urban environments like Madrid. 'This grant is a tremendous step forward for Ample and the electric mobility space in Spain. By partnering with the Spanish government, we are not just meeting the immediate infrastructure needs of Madrid's growing population, but also laying the groundwork for a future-proof, sustainable urban mobility ecosystem,' said Khaled Hassounah, CEO of Ample. 'We look forward to working with our partners to get more Ample-powered vehicles on the roads.' Ample is strengthening its partnership with Stellantis to roll out a swappable Fiat 500e car-sharing service in Madrid. This collaboration includes the Fiat brand, Free2move, Stellantis' mobility service operator, and Free2move Charge, Stellantis's customer-specific charging services. Note: This action is part of the Recovery, Transformation and Resilience Plan – Funded by the European Union – NextGenerationEU. However, the views and opinions expressed are solely those of the author(s) and do not necessarily reflect those of the European Union or the European Commission. Neither the European Union nor the European Commission can be held responsible for them. About Ample Ample aims to accelerate the adoption of electric vehicles and sustainable transportation energy globally. The company is pioneering a new method of energy delivery through modular battery swapping and can deliver a 100% charge to any EV in under 5 minutes. Founded in 2014, Ample is headquartered in San Francisco. Repsol Energy Ventures invested in Ample in 2018. For more information, please visit
Yahoo
3 days ago
- Automotive
- Yahoo
Mitsubishi plans battery swapping tech for electric CVs in Tokyo
Mitsubishi Fuso Truck and Bus (MFTBC), in collaboration with Mitsubishi Motors, Ample, and Yamato Transport, is set to roll out an EV battery swapping initiative in Tokyo, Japan, by September 2025. The plan includes introducing more than 150 battery-swappable commercial electric vehicles (EVs) and creating 14 modular battery swapping stations across the city. This major move towards sustainable transportation follows a smaller pilot in Kyoto last year and will feature MFTBC's eCanter light-duty truck and Mitsubishi Motors' Minicab EV, targeting commercial delivery fleets. Yamato Transport will be the first major customer, focusing on last-mile delivery applications. Ample, a US-based battery swapping company, will provide the technology for the EV platforms and will be responsible for installing and operating the swapping stations. The Tokyo Metropolitan Environment Public Corporation is backing the project through its "Technology Development Support Project for Promoting New Energy", aligning with Japan's climate goals. Japan aims to reduce greenhouse gas emissions by 46% from 2013 levels by 2030 and achieve carbon neutrality by 2050. With the transportation sector responsible for nearly 19% of the country's CO₂ emissions in 2022, commercial fleet electrification is a strategic priority for Japan's decarbonisation efforts. The consortium in Tokyo is targeting battery swapping times of just five minutes, offering a fully automated service where drivers do not need to exit their vehicles. Ample's compact and rapidly deployable stations are a practical solution for high-utilisation fleets in dense urban areas like Tokyo. Future expansions of this initiative may include grid services, such as renewable energy storage, to further reduce greenhouse gas emissions. This initiative builds on previous collaborations, with Yamato Transport pioneering commercial EV battery swapping since 2022 and a successful pilot involving commercial delivery and battery swapping taxis in Kyoto in 2024. "Mitsubishi plans battery swapping tech for electric CVs in Tokyo" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
14-04-2025
- Business
- Yahoo
Ample gains in-principle approval to broaden payment services in Singapore
Singapore-based Ample Transfers has received in-principle approval from the Monetary Authority of Singapore (MAS) to expand its regulated payment services. The approval, granted as part of a licence variation application, permits Ample Transfers to pursue the addition of four regulated services, subject to meeting MAS conditions. These services include account issuance, domestic money transfer, merchant acquisition, and e-money issuance. The company is currently licensed to offer cross-border money transfer and money-changing services in Singapore. Ample Transfers CEO Matthew Yap said: "Singapore's payments ecosystem is evolving rapidly, and so are we. This in-principle approval reflects the growth journey we've shared with the communities we serve. 'We remain grounded in the needs of everyday people while building for the future with new tools and technologies." Ample Transfers stated that the in-principle approval positions it among a small number of Singapore-based firms integrating physical and digital remittance services. An in-principle approval indicates MAS's preliminary support for the licence variation, pending the fulfilment of specified conditions and the absence of significant adverse developments. It does not yet authorise Ample Transfers to provide the additional services, and MAS retains the authority to withdraw the approval if deemed necessary. If full approval is granted, the expanded services would allow the company to enhance its digital payment offerings for its core customers while maintaining its established community presence. The company recently introduced an app-less, chat-driven service accessible at which complements its existing retail network. The company facilitates transactions to over 200 countries and territories, offering services such as AmpleSend for bank account transfers and AmpleCash through the Moneygram network for cash pick-ups. Established in 1998 as Ameertech Remittance and Exchange Services, Ample has a presence in the South-East Asian, South Asian, and Chinese markets. "Ample gains in-principle approval to broaden payment services in Singapore " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Forbes
26-03-2025
- Automotive
- Forbes
EV Battery Swapping Tie-Up Between Ample And Mitsubishi To Start In Japan
Battery swapping tech destined for Japan As part of its efforts to speed up the electrification of commercial fleets, Ample, a manufacturer of modular battery-swapping technology, plans to install a network of battery-swapping stations in Tokyo. The Tokyo Metropolitan Environmental Public Corporation is supporting the idea, which comes in the footsteps of a successful demonstration in Kyoto. Utilising its cutting-edge battery-swapping technologies, Ample hopes to improve commercial EV charging infrastructure and support Tokyo's aggressive goal of a 50% reduction in greenhouse gas emissions by 2030. Ample's modular battery-swapping system is an efficient alternative to traditional EV charging infrastructure. Its proprietary technology allows its batteries to be swapped over in just five minutes for as little as $13.00. Ample system can replace existing EV batteries, ensuring compatibility with a wide range of models. Its compact stations, which can be deployed within days, provide a practical solution for businesses transitioning to electric fleets without major operational disruptions. Ample is collaborating with two major Japanese automakers, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Mitsubishi Motors Corporation (MMC), to help roll out battery-swapping EVs. MMC, a pioneer in mass-produced EVs, and MFTBC, known for its production in zero-emission commercial vehicles, are contributing their industry knowledge to the project. Their goal is to give Tokyo's business fleets a smooth, scalable charging option by using Ample's modular switching technology with trucks and cars. Japan may lead the world in the production of automobiles, but in highly populated cities like Tokyo and Osaka, the adoption of EVs has been hindered by long charging times, power limits, and space constraints. Conventional charging stations are less practical for commercial fleets with high usage since they require a significant amount of infrastructure and time. By allowing a fully charged battery replacement in only five minutes, Ample's battery-swapping technology offers a solution that equals the speed and ease of filling at a gasoline station. Through a strategic deployment in Kyoto, Ample partnered with MFTBC and energy company ENEOS Holdings to reach the Japanese market in early 2024. The benefits of modular battery swapping were effectively illustrated by this pilot experiment, including rapid energy replenishment, reduced strain on the electrical grid and seamless integration into fleet operations. After a successful result, the expansion to Tokyo will create a larger network of switching stations, each of which can accommodate over 100 vehicles. In turn, this move is expected to greatly accelerate the adoption of electric commercial fleets in Japan. Ample CEO Khaled Hassounah, said this expansion highlighted the significance of Tokyo as a strategic location for scaling the company's presence in Japan. 'Tokyo is one of the world's most advanced cities in sustainable urban development and one of the largest markets for commercial deliveries, making it the perfect place for our next deployments as we expand our presence in Japan.' While the technology at the moment targets commercial vehicles, many potential EV buyers will be watching eagerly as this partnership develops its capacity to cater to private electric cars as well.
Associated Press
19-03-2025
- Automotive
- Associated Press
Ample to Partner with Japanese OEMs Deploying Swapping Stations in Tokyo
TOKYO & SAN FRANCISCO--(BUSINESS WIRE)--Mar 19, 2025-- Ample will deploy a network of swapping stations in Tokyo, with an initial focus on supporting commercial fleets in the logistics sector. This expansion of Ample's swapping network will provide additional swapping coverage and capacity, with each station able to support over 100 vehicles. The initiative, backed by the Tokyo Metropolitan Environmental Public Corporation, will advance Tokyo's goal of cutting greenhouse gas emissions by 50% by 2030 by offering additional charging solutions for the city's millions of commercial vehicles. This press release features multimedia. View the full release here: (Photo: Business Wire) In early 2024, Ample entered the Japanese market by deploying battery swapping stations in Kyoto in partnership with Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and ENEOS Holdings. The Kyoto deployment demonstrated core benefits of modular battery swapping for fleet electrification, including fast energy delivery, minimizing changes to fleet operations, and reducing load on the electric grid by slowly charging the batteries in the swapping station. 'Tokyo is one of the world's most advanced cities in sustainable urban development and one of the largest markets for commercial deliveries, making it the perfect place for our next deployments as we expand our presence in Japan,' said Khaled Hassounah, CEO of Ample. 'By providing a fast and scalable solution for commercial fleets, we're helping the City of Tokyo set an example for how densely populated cities can electrify. We're honored that the Tokyo Metropolitan Environmental Public Corporation has selected Ample and its Japanese partners to demonstrate the potential of EV battery swapping.' Japan is a global leader in automotive manufacturing, and since the 1970s, the sector has been a cornerstone of the Japanese economy. However, in recent years, Japan has been slow to adopt electric vehicles. Obstacles to electrification include long charging times, power limitations, and space constraints in dense Japanese cities. Battery swapping provides a fast and convenient way to power EVs, similar to the refueling experience at a gas station. Importantly, the Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Mitsubishi Motors Corporation (MMC) will bring their innovation and leadership in electric vehicles to the demonstration. MFTBC is known for its leadership role advancing zero emission commercial vehicles. MMC pioneered one of the world's first mass-produced EVs and is a trusted mobility provider for urban logistics. Ample manufactures and operates a modular battery swapping ecosystem which fully charges EVs in five minutes, providing fleet operators with a seamless alternative to gas-powered fueling stations. Ample's modular batteries are designed to be a drop-in replacement for the original EV battery, making the technology compatible with most EV models. The company's compact, rapidly deployable stations can be installed in just a few days, providing a practical solution for high-utilization vehicles operating in dense urban environments like Tokyo. 3039032997 SOURCE: Ample Copyright Business Wire 2025. PUB: 03/19/2025 07:35 PM/DISC: 03/19/2025 07:35 PM
