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AmpCNG (AMP Americas) nets $75 million, plus more top funding news for Chicago-based companies

AmpCNG (AMP Americas) nets $75 million, plus more top funding news for Chicago-based companies
Photo: Rhys Moult/Unsplash
By Hoodline - Published on August 02, 2019.

Chicago-based retail and renewable energy company ampCNG (AMP Americas) has secured $75 million in private equity funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on July 25 and financed by EIV Capital.

According to its Crunchbase profile, "ampCNG is leading the transition to compressed natural gas (CNG) as a transportation fuel in the commercial trucking industry. They help the country’s premier heavy-duty trucking fleets transition to cost-effective, clean, American natural gas. They currently own and operate 19 public access, ultra fast-fill, CNG fueling stations around the country and are expanding their fast-growing network to support the most dense transportation corridors in the U.S."

The 9-year-old company also raised a $47 million round in 2017.

Over the past year, six Chicago-based sustainability companies have secured venture funding, totaling $84 million in new investment to the local industry.

In other local funding news, energy and small and medium businesses company NanoGraf Corporation announced a $7.5 million grant on July 23, financed by the United States Advanced Battery Consortium.

According to Crunchbase, "SiNode Systems is a materials venture based out of Northwestern University that is commercializing a novel silicon-based anode technology developed by a research team led by Professor Harold Kung. SiNode aims to change the status quo of the industry by developing high-performance anodes for Li-ion batteries."

Founded in 2012, the company has raised five previous rounds, including a $4.5 million corporate round in 2018.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.