Blackstone Invests $50 Million in Ample

<p>Ample&comma; a battery technology company in San Francisco&comma; has raised an additional &dollar;50 million in funding from Blackstone Group along with Spanish bank Banco Santander&period;<&sol;p>&NewLine;<p>The company has raised over &dollar;280 million to date&period;<&sol;p>&NewLine;<p>Ample uses Modular Battery Swapping to deliver a full charge &lpar;100&percnt;&rpar; in under 10 minutes&comma; 3 times faster than charging&period; It works with any electric vehicle and dramatically reduces the cost and time it takes to install EV infrastructure&period;<&sol;p>&NewLine;<p>Recently&comma; Ample extended its partnership with Uber&comma; which will bring Ample’s battery swapping technology to EV drivers across Europe&period; Uber in Europe is targeting to fully electrify cars on it’s platform by 2030&period; In addition&comma; Uber aims to reach an average of 50&percnt; EV Kms in 7 European capitals&comma; London&comma; Amsterdam&comma; Brussels&comma; Berlin&comma; Paris&comma; Madrid and Lisbon by 2025&period; The collaboration will provide drivers in Uber’s European fleet with access to Ample autonomous battery swapping stations that create economic opportunities for their drivers and environmental benefits for their communities&period;<&sol;p>&NewLine;<p>Ample has the additional benefit of being able to capture wind and solar power when it’s available&comma; and then dispense that energy to EVs when needed&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;