# Ampere

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ampere

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Coimbatore, India
- Website: www.ampvl.com
- Total disclosed funding: $3.4M
- Latest round: Series B (Jul 9, 2015)
- Investors on record: 2

## About

Ampere is a technology company focused on providing innovative auto financing solutions through its user-friendly Auto Loan Calculator, catering to both domestic and international markets.Ampere specializes in developing technology that simplifies auto financing decisions. Founded by Joachim Marynen, Renée James, and Victor Baron, the company has its headquarters in Coimbatore, India. In its recent funding round, it raised USD 3.75 mn during the Growth phase, led by Blue Delta Capital Partners, bringing the total amount raised to USD 3.75 mn. The company has successfully completed 7 deals.Ampere offers a user-oriented Auto Loan Calculator designed to help individuals manage their auto financing effectively. The calculator allows users to input their loan parameters, receiving customized results such as payment schedules and amortization details. Primarily aimed at prospective car buyers in the U.S. market, it also serves international users, adapting to different financial requirements globally.For the year 2022, Ampere reported a revenue of USD 70.12 mn, while its EBITDA for the same year was USD -2.25 mn, indicating a loss.Ampere plans to enhance its product offerings with new features for the Auto Loan Calculator aimed at improving user experience. The company is also targeting expansion into additional international markets to reach a broader customer base by the end of 2024. The recent funding of USD 3.75 mn will be allocated to these product developments and market expansion strategies.

## Funding rounds

- Series B, Jul 9, 2015, $0.1M — Forum Synergies
- Series A, Jul 16, 2013, $3.3M — Axon Partners Group, Forum Synergies

## Investors

- Axon Partners Group (https://capitalatlas.ai/funds/axon-partners-group) — Series A
- Forum Synergies (https://capitalatlas.ai/funds/forum-synergies) — Series A, Series B