Goodyear Ventures has made another mobility-related investment, becoming one of several parties to inject capital into US-based electric vehicle charging provider AmpUp. This funding, which also includes capital from Foothill Ventures and TechNexus Venture Collaborative, comes less than a year after AmpUp’s initial seed raise.
Goodyear’s venture capital arm, Goodyear Ventures, has added AmpUp to its investment portfolio. The electric vehicle (EV) charging firm operates an advanced charging network and software solutions with operations across North America. AmpUp aims to make charging accessible and seamless for every EV driver. Goodyear Ventures focuses on future of mobility investments and partnerships with seed-to-growth-stage startups in emerging technologies.
Electric vehicles account for a growing proportion of the UK car parc and will continue to do so in the years to come. This move from combustion power is a thrown gauntlet that garages and vehicle servicing firms need to pick up sooner rather than later, and also a transition that requires a visible investment in charging capabilities.
Earlier in the month, Boris Johnson announced the Government’s ambitious – or as some see it, overambitious – intention to bring forward the ban on new combustion-engine cars to 2035. Many have wondered how the country should go about developing an infrastructure of electric vehicle (EV) charging points within this timeframe. YourParkingSpace, the online parking marketplace, believes homeowners can play a role in keeping a growing EV fleet on the move.
Fastned, a charging company which is building a European network of fast charging stations, won a second tender in the UK led by the North East Joined Transport Committee. Fastned will build and operate five fast charging stations (hubs) for electric vehicles across the region. Each station will initially house two 50 kW fast chargers (known as “rapid” chargers in the UK) that will deliver 100 per cent renewable electricity.
Fastned, a Dutch charging company which is building a European network of fast charging stations, won a tender by the Swiss Federal Roads Office (FEDRO) for 20 fast-charging stations. FEDRO is the federal authority responsible for road infrastructure and private road transport in Switzerland. Fastned uses 100 per cent renewable electricity and serves all electric vehicles (EVs).