Ampersand, a Rwandan electric motorcycle startup, has raised a $2 million Series A extension to expand to other East African countries.
The round saw investments AHL Venture Partners as well as Everstrong Capital.
What They’re Saying
“This additional investment will accelerate the rollout of our EV energy technology and infrastructure to the mass market, bringing us closer to our goal of deploying 5 million electric motorcycles by 2033,” said Josh Whale, Ampersand CEO.
“As we look ahead to our upcoming Series B, we remain committed to reshaping how Africa moves by delivering affordable, low-carbon transport solutions that also drive green jobs and economic growth across the continent,” Whale added.
Flashback
In June 2024, Chinese EV Maker BYD signed a Memorandum of Understanding (MOU) with Ampersand to collaborate on the decarbonisation of Africa’s commercial motorbike transport system.
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