What is Ampersand?
Ampersand stands as Africa’s pioneering electric transport energy company, boasting the longest operational track record in serving a commercial e-motorcycle fleet and an extensive battery swapping network at scale. Established in 2016, Ampersand has distinguished itself as a leader in technology and performance within the electric mobility sector. By providing a robust electrical energy supply for commercial transport, the company is instrumental in advancing sustainable transportation solutions, contributing to reduced carbon emissions and fostering economic opportunities through green job creation.
How much funding has Ampersand raised?
Ampersand has raised a total of $32M across 4 funding rounds:
Other Financing Round
$3.5M
Other Financing Round
$19.5M
Series A
$2M
Other Financing Round
$7M
Other Financing Round (2021): $3.5M with participation from The Ecosystem Integrity Fund
Other Financing Round (2023): $19.5M led by Acumen, Ecosystem Integrity Fund, and Hard Edged Hope Fund
Series A (2024): $2M supported by AHL Venture Partners, Beyond Capital Ventures, and Everstrong Capital
Other Financing Round (2025): $7M featuring AHL Venture Partners, British International Investment, and Acumen
Key Investors in Ampersand
AHL Venture Partners
AHL Venture Partners is an investment advisor focused on driving inclusive economic growth in Africa by mobilizing private capital into scalable and impactful businesses. The company specializes in Climate Action, Financial Inclusion, and Sustainable Food & Agriculture sectors, aiming to generate returns while addressing significant market challenges.
Beyond Capital Ventures
Beyond Capital Ventures is a diversified venture capital firm focused on emerging markets, particularly in India and East Africa. The firm invests in early-stage companies that cater to lower-to-middle income consumers, providing not only capital but also mentorship and specialized support services.
Everstrong Capital
Everstrong Capital is a company focused on developing and investing in sustainable infrastructure in sub-Saharan Africa, with offices in the US, Kenya, and South Africa. They aim to create long-term shareholder value through late-stage infrastructure development opportunities in sectors such as energy, transportation, and healthcare.
What's next for Ampersand?
With its recent major strategic investment and substantial overall capital, Ampersand is poised for accelerated expansion and technological advancement. The company's focus on scaling its e-motorcycle fleet and battery swapping network, coupled with its commitment to affordable, lower-carbon public transport, positions it favorably within the rapidly evolving sustainable energy and mobility markets. Future endeavors will likely involve further enhancing its operational efficiency, expanding its geographic reach across Africa, and continuing to innovate in battery technology and energy management systems to solidify its market leadership and drive sustainable development.
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