BP buys US EV fleet charging provider AMPLY Power

BP has taken a major step into the US with the acquisition of Amply Power, an electric vehicle charging and energy management provider for fleets that operate trucks, transit and school buses, vans and light-duty vehicles.

BP aims to speed up electrification in the fleet segment, and by 2030, BP aims to nearly double earnings from its global convenience and mobility businesses – increasing from around $5bn in 2019 and during this time, it plans to grow its global network of EV charging points from around 11,000 today to more than 70,000.

Founded in 2018, Amply Power aims to make EV adoption easy for fleets. The California-based firm offers fully financed charging-as-a-service (CaaS) and customer-financed software-as-a-Service (SaaS) – For customers who prefer to own their charging infrastructure.

Under the terms of the agreement, Amply Power will continue to operate independently as part of BP’s global portfolio of businesses.

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