According to a story in Reuters, San Francisco startup Ample, which is focused on electric vehicle battery swapping, has raised another $50 million, the company said on Wednesday, in a round led by Blackstone.
The proceeds will be used to help the company grow to Europe.
Ample is now valued at more than $1 billion, according to a source familiar with the financing.
CTC receives membership and sponsorship revenue from these providers, or may have received membership or sponsorship revenue from them in the past.