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§ Private Profile · Sha Tin, New Territories, Hong Kong
Developer of advanced battery energy storage systems replacing fossil fuel generators for heavy industry and construction.
Based in Singapore, Ampd Energy develops advanced battery energy storage systems designed to replace polluting fossil fuel generators across the global heavy industry and construction sectors. The enterprise operates with an estimated 51 to 100 employees, generating approximately 6,200,000 dollars in annual revenue at an estimated 19,900,000 dollar valuation. Ampd Energy has secured 35,300,000 dollars in total venture funding, highlighted by a 27,300,000 dollar Series B round co-led by Kibo Invest and Openspace, alongside investors Taronga Ventures and 2150. Utilizing proprietary fleet management software, the company has deployed over 300 hardware units across seven countries for major clients like Gammon Construction, preventing 69,000 metric tons of carbon dioxide emissions. The organization was originally established in 2014 by co-founders Brandon Ng and Luca Valente to deliver cleaner, quieter, and safer industrial power solutions to international markets.
Ampd Energy has raised $35.0M across 2 funding rounds.
Ampd Energy has raised $35.0M in total across 2 funding rounds.
Ampd Energy has raised $35.0M across 2 funding rounds. Most recently, it raised $27.0M Series B in November 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2024 | $27M Series B | Openspace Ventures, Kibo Invest | 2150 | Announced |
| Jun 1, 2023 | $8M Series A | — | 2150, Openspace Ventures | Announced |
Ampd Energy is a technology company that designs and manufactures advanced lithium-ion battery energy storage systems (ESS) primarily aimed at electrifying construction sites by replacing diesel generators. Its flagship product, the Ampd Enertainer, provides clean, quiet, and connected power solutions for heavy machinery and equipment on construction sites, significantly reducing carbon emissions, noise pollution, and operational hazards associated with diesel use[1][2][3][5].
Founded in 2014 by Brandon Ng, Ampd Energy emerged from Ng’s experience with electric motorcycles during a blackout, inspiring the idea to repurpose battery technology to power buildings and industrial sites. The company gained early traction by joining Hong Kong’s Incu-Tech Programme in 2015 and launched the Enertainer in 2016. Since then, it has expanded operations across multiple countries including Hong Kong, Singapore, Australia, UAE, and the UK, deploying over 260 battery solutions and avoiding more than 45,000 tonnes of CO₂ emissions[1][2][8].
Ampd Energy rides the global trend toward decarbonization and electrification of heavy industries, particularly construction, which accounts for nearly 40% of global carbon emissions. The timing is critical as regulatory pressures and corporate sustainability goals push for cleaner energy solutions. Ampd’s technology addresses market demands for zero-emission, low-noise power sources in urban and industrial environments, facilitating the transition away from fossil fuels. By integrating connectivity and data science, Ampd also contributes to the digital transformation of construction site energy management[2][4][6].
Ampd Energy is positioned to accelerate growth with its recent oversubscribed $27.3 million Series B funding round, enabling global expansion and product development. Future trends shaping its journey include increasing regulatory mandates on emissions, rising construction activity in urban areas, and growing adoption of smart, connected energy systems. Ampd’s influence is likely to expand as it helps heavy industries meet sustainability targets while improving operational efficiency and safety. Continued innovation in battery technology and data analytics will be key to maintaining its competitive edge and scaling impact globally[2][8].
In summary, Ampd Energy is transforming construction site power by replacing diesel generators with advanced, connected battery storage systems, enabling a cleaner, quieter, and safer energy future for heavy industries worldwide.
Ampd Energy has raised $35.0M in total across 2 funding rounds.
Ampd Energy's investors include Openspace Ventures, Kibo Invest, 2150.