Ampersand
Ampersand assembles and finances electric motorcycles designed to be more affordable and efficient than petrol alternatives in East Africa. The company's fleet has grown to over 1,000 vehicles since its launch in 2019 and aims to significantly expand its market share in the region. Its innovative battery technology and focus on cost-effectiveness position it for significant growth in the expanding e-mobility market.
Funding Round: Growth Round
Funding Amount: $19.5M
Date: 04-Jan-2024
Investors: Ecosystem Integrity Fund (EIF), Acumen, Hard Edged Hope Fund, Alphamundi VC, Societe Petrolieres du Rwanda, TotalEnergies, EIF, Beyond Capital Ventures, Cygnum Capital
Markets: Electric Vehicles, Transportation, Renewable Energy
HQ: Kigali, Rwanda
Founded: 2015
Website: https://ampersand.solar/
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