bp is buying Amply, a startup that helps bus and truck fleets go electric

Three years ago, serial entrepreneur Vic Shao launched Amply, a startup aiming to take the cost and complexity out of charging electric buses, trucks and other fleet vehicles without overloading the grid — or fleet owners’ electricity bills.

On Tuesday, Amply announced that it is being acquired by U.K. oil and energy giant bp, which plans to put its fleet-charging management software and charging-as-a-service business to much broader use.

bp has about 11,000 public EV charging points today, many of them part of the network of Chargemaster, the charging provider it acquired for $170 million in 2018 and rebranded as bp Pulse last year, and others being deployed as part of joint ventures in Germany, China and India. bp intends to expand its charging network to 70,000 charging points by 2030.

Amply is bp’s first foray into fleet EV charging, and its ​“biggest move into the U.S. generally,” Emily Leung, vice president of future mobility and electrification for bp’s Americas operations, said in a Tuesday interview.

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