Ford is acquiring Auto Motive Power (AMP) to enhance its electric vehicle technology and infrastructure.

Target Information

Ford Motor Company is acquiring Auto Motive Power (AMP), a Los Angeles-based energy startup renowned for its advanced charging, battery management, and power conversion technologies. Founded in 2017, AMP claimed to power a significant number of the world's leading electric original equipment manufacturers (OEMs), although it has not publicly disclosed its customer base. Following the acquisition, AMP will be dissolved, with Ford intending to integrate the startup's technology, talent, and facility located in Santa Fe Springs, California into its own electric vehicle (EV) initiatives.

Under the leadership of founder Anil Paryani, AMP expanded its operations to include power management solutions for various sectors including autonomous ridesharing vehicles, drones, and hyperloop transportation systems. Notably, the company's hardware chief, Jiaqi Liang, has previous experience with Virgin Hyperloop. The acquisition aims to enhance Ford’s EV strategy, reinforcing its commitment to developing innovative solutions for electric mobility.

Industry Overview

The electric vehicle market in the United States has witnessed rapid growth, propelled by increasing consumer demand for sustainable transportation and government incentives aimed at reducing carbon emissions. With major automakers transitioning towards electrific