What is Ampersand?
Ampersand stands as Africa’s pioneering electric transport energy company, boasting the most extensive operational history in serving a commercial e-motorcycle fleet and a robust battery swapping network at scale. Established in 2016, Ampersand has distinguished itself as a leader in technology and performance within the electric vehicle sector. By providing reliable electrical energy for commercial transport, the company is instrumental in fostering affordable, lower-carbon public transit options and generating green employment opportunities throughout the continent.
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 Hard Edged Hope Fund, Ecosystem Integrity Fund, and Acumen
Series A (2024): $2M supported by Everstrong Capital, AHL Venture Partners, and Beyond Capital Ventures
Other Financing Round (2025): $7M featuring AHL Venture Partners, British International Investment, and Acumen
Key Investors in Ampersand
Ecosystem Integrity Fund
The Ecosystem Integrity Fund (EIF) is a sustainability-focused venture capital fund that invests in early growth stage companies contributing to environmental sustainability. The fund aims to accelerate the transition to sustainability, promoting a healthier planet and strong economic growth while achieving outstanding financial returns.
Acumen
Acumen conducts policy research in support of federal, state, and local health care and social policy programs. Acumen is headquartered in Burlingham, California.
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?
The recent major strategic investment signals a new phase of growth and operational scaling for Ampersand. This capital is anticipated to fuel further technological innovation, expand the company's charging infrastructure, and deepen its market penetration across key African regions. With a clear focus on sustainable energy and electric mobility, Ampersand is strategically positioned to capitalize on the growing demand for eco-friendly transportation, aiming to enhance urban mobility and contribute significantly to a greener future.
See full Ampersand company page
