# AmpUp

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

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Santa Clara, US
- Website: www.ampup.io
- Total disclosed funding: $15M
- Latest round: Series A (Sep 26, 2024)
- Investors on record: 15

## About

AmpUp, Inc. is a US-based company specializing in electric vehicle (EV) charging solutions for businesses and municipalities, providing innovative technologies to enhance the user experience and promote sustainable transportation. Founded in 2018, NAD Grid Corp. operates in Santa Clara, US, focusing on electric vehicle charging infrastructure. The company was established by Shalabh Kulshreshtha and Tom Sun, with Tom Sun serving as the CEO. In November 2025, AmpUp, Inc. raised USD 17 million in venture funding from unspecified investors. AmpUp, Inc. offers comprehensive electric vehicle (EV) charging solutions, including the AmpUp EV Cloud for monitoring and managing charging stations and the AmpUp EV Driver App for user access to charging services. Their client base spans commercial enterprises, municipalities, and fleet operators, with notable partnerships including Under Armour, HelloFresh, and the City of Valparaiso. The company’s products are utilized across major urban centers in the United States, enhancing EV infrastructure. AmpUp, Inc. generates revenue through subscription services for its AmpUp platform, which offers tools for managing EV charging networks. Revenue streams include one-time and recurring fees for installation and maintenance of charging hardware, with various pricing plans such as tiered options and pay-per-use models. The flagship services, including Operations and Maintenance (O&M) packages, are designed to ensure reliable performance and minimize downtime. In November 2025, AmpUp, Inc. raised USD 17 million in venture funding from unspecified investors. The company plans to enhance its product offerings and target additional geographic markets for EV infrastructure deployment. Recent funding will support these initiatives, positioning NAD Grid Corp. to meet the increasing demand for sustainable transportation solutions.

## Funding rounds

- Series A, Sep 26, 2024, $15M — Connecticut Innovations, MUUS, Autotech Ventures, Touchdown Ventures, Foothill Ventures, TechNexus Venture Collaborative, Powerhouse Ventures, Goodyear Ventures, WEX Venture Capital, Holman Growth Ventures
- Seed, Mar 18, 2019 — Y Combinator, Frontier Ventures, Pegasus Tech Ventures, Altair Capital, EAM Investors

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Frontier Ventures (https://capitalatlas.ai/funds/frontier-ventures) — Seed
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Seed
- Altair Capital — Seed
- EAM Investors — Seed
- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Series A
- MUUS (https://capitalatlas.ai/funds/muus) — Series A
- Autotech Ventures (https://capitalatlas.ai/funds/autotech-ventures) — Series A
- Touchdown Ventures (https://capitalatlas.ai/funds/touchdown-ventures) — Series A
- Foothill Ventures (https://capitalatlas.ai/funds/foothill-ventures) — Series A
- TechNexus Venture Collaborative (https://capitalatlas.ai/funds/technexus-venture-collaborative) — Series A
- Powerhouse Ventures — Series A
- Goodyear Ventures (https://capitalatlas.ai/funds/goodyear-ventures) — Series A
- WEX Venture Capital (https://capitalatlas.ai/funds/wex-venture-capital) — Series A
- Holman Growth Ventures (https://capitalatlas.ai/funds/holman-growth-ventures) — Series A