TechCrunch reported that Jeff Bezos has secretly backed an electric vehicle (EV) startup, Ample, which is building modular battery-swapping technology for EVs. The company, operating quietly for years, aims to revolutionize the EV charging ecosystem by enabling cars to swap batteries in under 10 minutes at dedicated stations, according to TechCrunch.

Ample has already partnered with several major automakers and plans to deploy its battery-swapping stations across urban locations globally. This approach could bypass the need for time-consuming conventional EV charging, positioning Ample as a potential game-changer in the electric mobility landscape.