Ford snaps up EV power startup to boost its charging tech
Ford is buying and burying Auto Motive Power, or “AMP” for short, to bolster its charging, battery management and power conversion tech.
The secretive energy startup once claimed to power “most of the world’s top electric OEMs,” though as far as we can tell it never disclosed its customers publicly.
Following the deal, Los Angeles-based AMP will cease to exist. Instead, Ford will scoop up the startup’s tech, talent and facility in Santa Fe Springs, California to advance its own EV plans, Ford spokesperson Emma Bergg told TechCrunch.
Ford declined to say how much it paid for AMP. Since it launched in 2017, the startup raised $26.5 million and brought on around 149 staffers, according to PitchBook data.
