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Incubator/Accelerator
BUSINESS PRODUCTS & SERVICES | Education & Training (business)
angelpad.com

Investments

206

Portfolio Exits

40

Funds

3

About AngelPad

AngelPad is a mentorship program. It helps website technology startups build better products, raise funding to succeed, and grow more successful businesses. It was founded in 2010 and is based in San Francisco, California.

Headquarters Location

135 Main Street Suite 850

San Francisco, California, 94105,

United States

(415) 754-0108

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Latest AngelPad News

Ampcontrol: $10 Million Raised To Advance AI-Powered Software Solution For Fleet Operators

Jul 31, 2023

Ampcontrol – a leading AI-powered software solution for fleet operators – recently announced $10 million in Series A financing to enable its next growth stage. The Westly Group led the funding round with participation from existing investors AngelPad and Lorimer Ventures. Fleet operators face critical challenges when switching from internal combustion engines to electric vehicles. Problems range from high energy costs, low charger reliability, and late departure of vehicles. And since 2019, over 20 fleet operators across the US, Europe, Latin America, and Africa have used Ampcontrol’s software to ensure on-time departures, maintain low energy costs, and reduce EV charger downtime. Ampcontrol works with some of the largest fleet operators in the world. And the company’s customers include WattEV, First Bus, Revel, and one of the largest global commercial truck manufacturers. Customers like Revel use Ampcontrol’s AI-powered software to save 45%+ on monthly energy costs. After years of consulting with energy companies, Ampcontrol CEO and founder Joachim Lohse leveraged his knowledge of the grid and EV fleets to build software that would help fleet operators maintain a high charger uptime, plan routes, coordinate with energy tariffs, and monitor their vehicles and chargers with live data. And this laser focus on electric fleets allows Ampcontrol to support fleets in various industries and use cases, including transportation & logistics, transit buses, rideshare & taxi, food & beverages, and school buses. Ampcontrol’s software connects to the EV charging hardware and vehicles to make real-time decisions and provide detailed monitoring tools to fleet operators. And Ampcontrol offers 24/7 hardware monitoring, OCPP charger communication, fleet management, dynamic load management, V2G integrations, alerts & notification systems, and more. And the software has a best-in-class uptime of 99.995%, which makes it the most reliable software system in the market for EV fleet charging. Fleet operators also benefit from Ampcontrol’s vehicle telematics integrations with partners such as Geotab. KEY QUOTES: “We believe Ampcontrol’s innovative AI platform offers the tools we need to optimize and monitor our EV charge points. The company’s vision aligns closely with our goals, and we are thrilled to be working with them.” — Ihor Starepravo, Head of Software of WattEV “We are thrilled to announce the addition of The Westly Group to our team, as one of the early investors in Tesla and other electrification companies, they fully embrace our vision for Ampcontrol. Building a company does not come with a playbook, and there is no set formula to follow, but with support from partners like The Westly Group, AngelPad, and Lorimer Ventures, we are confident in our ability to become the technology leader for electric fleets.” — Ampcontrol CEO and Founder Joachim Lohse “We couldn’t be more excited to support Ampcontrol’s vision to become the leading software platform for electric fleets. Every commercial vehicle manufacturer is moving electric and will need a new suite of tools to manage the operations and energy of their fleet. We have evaluated almost every early-stage company in this sector, and Ampcontrol has built the strongest, most reliable, and advanced charging product in the market.” — Emily Fritze, Partner at The Westly Group Trending on Pulse 2.0

AngelPad Investments

206 Investments

AngelPad has made 206 investments. Their latest investment was in Ampcontrol as part of their Series A on July 7, 2023.

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AngelPad Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/26/2023

Series A

Ampcontrol

$10M

Yes

1

11/10/2022

Seed VC - II

Bloom

$8M

Yes

1

3/8/2022

Series B

Forma

$40M

No

17

8/31/2021

Series B

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$99M

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10

8/30/2021

Series A - II

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$99M

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10

Date

7/26/2023

11/10/2022

3/8/2022

8/31/2021

8/30/2021

Round

Series A

Seed VC - II

Series B

Series B

Series A - II

Company

Ampcontrol

Bloom

Forma

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Amount

$10M

$8M

$40M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

1

17

10

10

AngelPad Portfolio Exits

40 Portfolio Exits

AngelPad has 40 portfolio exits. Their latest portfolio exit was Simplifeye on April 18, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/18/2023

Acquired

$99M

2

3/6/2023

Acquired

$99M

1

12/3/2021

Acquired

$99M

8

11/16/2021

Acquired

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$99M

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10

11/12/2020

Acq - Fin

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$99M

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10

Date

4/18/2023

3/6/2023

12/3/2021

11/16/2021

11/12/2020

Exit

Acquired

Acquired

Acquired

Acquired

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

1

8

10

10

AngelPad Fund History

3 Fund Histories

AngelPad has 3 funds, including AngelPad Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/29/2018

AngelPad Fund III

Accelerator

Open

$35M

1

12/31/2015

AngelPad Fund II LP

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$99M

10

12/31/2013

AngelPad Fund I LP

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$99M

10

Closing Date

3/29/2018

12/31/2015

12/31/2013

Fund

AngelPad Fund III

AngelPad Fund II LP

AngelPad Fund I LP

Fund Type

Accelerator

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Status

Open

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Amount

$35M

$99M

$99M

Sources

1

10

10

AngelPad Team

4 Team Members

AngelPad has 4 team members, including current Founder, General Partner, Thomas Korte.

Name

Work History

Title

Status

Thomas Korte

Founder, General Partner

Current

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Name

Thomas Korte

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Work History

Title

Founder, General Partner

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Status

Current

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