What is Ampersand?
Founded in 2016, Ampersand operates as Africa’s premier electric transport energy provider. The company distinguishes itself through a proven track record of managing commercial e-motorcycle fleets and an extensive battery swapping infrastructure. By integrating advanced energy technology with a scalable service model, Ampersand provides a reliable electrical supply that replaces traditional fossil-fuel-dependent transport. This approach not only facilitates a transition to cleaner energy but also fosters job creation and economic stability within the regions it serves. As a market leader, the firm is uniquely positioned to bridge the gap between sustainable technology and the practical needs of commercial transport operators in Africa.
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, Acumen, and Ecosystem Integrity Fund
Series A (2024): $2M supported by Everstrong Capital, Beyond Capital Ventures, and AHL Venture Partners
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, with a specific focus on climate action.
British International Investment
British International Investment is the development finance institution of the UK government, dedicated to fostering sustainable economic development in emerging markets.
Ecosystem Integrity Fund
The Ecosystem Integrity Fund is a sustainability-focused venture capital firm that invests in early growth stage companies contributing to environmental sustainability and the transition to renewable energy.
What's next for Ampersand?
With the support of this major strategic investment, Ampersand is poised to accelerate its infrastructure expansion and enhance its technological capabilities. The company is expected to focus on scaling its battery swapping network to accommodate a larger fleet of electric motorcycles, thereby solidifying its market dominance. Future strategic initiatives will likely prioritize operational efficiency and the deepening of its green energy ecosystem. By maintaining its focus on high-performance hardware and reliable energy delivery, Ampersand is well-positioned to lead the decarbonization of the African transport sector while delivering long-term value to its stakeholders and investors.
See full Ampersand company page
