Bp has acquired AMPLY Power, an electric Vehicle charging and energy management provider for truck, transit, school bus, van and light-duty vehicle fleets. This marks Bp’s first major step in electrification.
The investment follows Bp’s strategy of scaling next generation mobility services by providing a fast, reliable and convenient network of charging and digital services for customers. The firm hopes to double earnings from its global convenience and mobility businesses by 2030.
AMPLY Power offers fully financed charging-as-a-service (CaaS) services for charging customers’ fleets which include the procurement and installation of hardware, software, operational and maintenance costs. Additionally, the firm offers customer-financed software-as-a-service services for customers who prefer to charge with their own infrastructure.
“Expanding into EV fleet charging is the latest in bp’s ongoing commitment to help drive the energy transition in the US,” said David Lawler, chairman and president of Bp America.
“Our mission at AMPLY Power is to accelerate the transition to electric-powered fleets by offering comprehensive solutions that make it easy and cost-effective for operators to use EVs,” added Vic Shao, founder and CEO of AMPLY Power. “Now, with support and backing from bp, we can scale our approach to reach new markets while bringing our unique expertise to bp’s broader electric fleet initiatives.”