# Auto Motive Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/auto-motive-power

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Santa Fe Springs, US
- Website: www.amp.tech
- Total disclosed funding: $14M
- Latest round: Series A (Aug 11, 2022)
- Investors on record: 6

## About

Based in California, US, and founded in 2017 by Anil Paryani (CEO), and Michael Rice (COO), Auto Motive Power Inc. trading under the name AMP operates as a manufacturing company that offers energy and battery solutions for e-mobility. In August 2022, AMP raised USD 11.2 million in series A funding from Ecosystem Integrity Fund and Helios Climate Ventures. The series A funding values AMP at USD 45.21 million post-money.

Auto Motive Power Inc. provides solutions like ampCloud that improve the battery pack for rechargeable batteries' runtime and faster charging while lowering recalls, service, and operating costs. Furthermore, the company offers e-mobility energy management solutions that include energy systems with advanced battery management technology that enables hardware, software, and cloud integration.

The company plans to use the August 2022 funding to accelerate the development of its Connected Energy Management Platform in e-mobility applications.

## Funding rounds

- Series A, Aug 11, 2022, $11M — Ecosystem Integrity Fund, Helios Climate Ventures
- Seed, Oct 29, 2021, $3M — Fontinalis Partners, 8VC, HELLA Ventures, Ajax Strategies

## Investors

- Fontinalis Partners (https://capitalatlas.ai/funds/fontinalis-partners) — Seed
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed
- HELLA Ventures (https://capitalatlas.ai/funds/hella-ventures) — Seed
- Ajax Strategies (https://capitalatlas.ai/funds/ajax-strategies) — Seed
- Ecosystem Integrity Fund (https://capitalatlas.ai/funds/ecosystem-integrity-fund) — Series A
- Helios Climate Ventures (https://capitalatlas.ai/funds/helios-climate-ventures) — Series A