BP is expanding its fleet charging business in the US and globally by acquiring EV fleet charging provider Amply Power.

The acquisition of Amply Power accelerates BP’s entry into the US fleet charging segment

Based in California, Amply Power provides charging and energy management solutions for fleets operating vans and light-duty vehicles, along with trucks, transit and school buses.

The deal accelerates BP’s entry into the US fleet charging segment, building on current work across its core regions of the UK, Germany and China.

BP said it plans to use its global reach and relationships to grow Amply Power and introduce its proven EV fleet charging services and energy management solutions to customers around the globe, as part of BP’s global portfolio of businesses.

Richard Bartlett, senior vice president, future mobility and solutions at BP, said: “BP is aiming to speed up electrification in the fast-growing fleet segment, which is key to lowering emissions from the transport sector – the largest contributor to greenhouse gas emissions in the US.

“As we continue to invest in new forms of infrastructure and technology to serve our global fleet customers, Amply Power provides an ideal opportunity to build our EV business in the US. They bring an experienced team, a rapidly expanding customer base and user-friendly digital platform.”

Founded in 2018, Amply Power has two customer models. The first provides a fully financed Charging-as-a-Service (CaaS) service, which provides solutions for the charging of customers’ fleets, including the procurement and installation of hardware, software and operational and maintenance costs, provided via 5-10 year agreements.

Amply also offers customer-financed Software-as-a-Service (SaaS). This is aimed at customers who prefer to own their charging infrastructure and runs as a software and operate model where customers pay an annual licence and service fee for software and managed services.

Vic Shao, founder and CEO at Amply Power, commented: “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. 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.”