EV Fleet Charging Provider AMPLY Power Acquired by bp
- KO Firm
- December 16, 2021
KO Client AMPLY Power, an EV charging and energy management provider, has been acquired by America’s largest energy investor bp. The KO team, led by partners Charles Ciaccio and Dan Fredrickson, represented AMPLY Power. This acquisition marks bp’s first major step into electrification in the U.S.
AMPLY Power is working to make EV adoption easy for fleets that operate trucks, transit and school buses, vans and light-duty vehicles. Per the deal announcement, bp plans to leverage its reach to bring AMPLY Power’s solutions to customers worldwide.
“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,” stated 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. bp shares our sustainability values and commitment to technological innovation, making this an opportunity to create a lasting positive impact on the environment and the economy.”
KO partners Jon Taylor and Chris Achatz; attorneys Matt Burns, Logan DeSouza, Charu Ganesh and Ryan Sykora; and corporate paralegal Chris Ignelzi also worked with Ciaccio and Fredrickson to represent AMPLY Power in the transaction.
Read more about the deal here.