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Ampersand Energy logo — Africa's market leader in powering and supplying commercial-...

Ampersand Energy

Africa's market leader in powering and supplying commercial-use electric motorcycles.

Founded 2015 Rwanda Rwanda 222 employees Series Unknown Total: $224.01M Energy, Transportation +1

General Information

Company Name Ampersand Energy
Founded Year 2015
Location Rwanda Rwanda +1
Employees 222
Industries Energy, Transportation, Automotive
Funding Stage Series Unknown
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About Ampersand Energy

Ampersand E-Mobility is a game-changing startup in Africa, positioning itself as the market leader in powering and supplying commercial-use electric motorcycles. Established in 2016, the company has rapidly emerged as Africa's first electric transport energy company, boasting a highly successful track record of serving a sizeable commercial e-motorcycle fleet and battery swapping network at scale. With a strong presence in Rwanda and Kenya, Ampersand has consistently demonstrated its commitment to cutting-edge technology and exceptional performance, and is backed by a workforce of hundreds of employees. The company prides itself on leading the charge for affordable, low-carbon public transport while concurrently contributing to the creation of green jobs. The most recent milestone for Ampersand was the completion of a Venture Round investment on 15 February 2024. This round attracted investments from renowned entities such as Ecosystem Integrity Fund, Beyond Capital Ventures, Eckenstein-Geigy Stiftung, Alphamundi, and SOCIETE PETROLIERE, showcasing the confidence and support from the investment community in the company's vision and potential. Ampersand's operations span across the Energy and Transportation sectors, and its growing influence in the e-mobility landscape remains a compelling narrative for investors seeking to tap into the burgeoning African market. Their proven track record, robust investor backing, and vision for sustainable urban transport solutions position them as a compelling investment opportunity in the evolving African mobility sector.

Taxonomy: Electric motorcycles, Sustainable mobility, Rwanda, Kenya, Green jobs, Battery swapping network, Low-carbon public transport, Electric transport energy, Development markets, Environmental impact, Renewable energy, Clean energy, Transportation technology, Commercial e-motorcycle fleet, African market leader

Funding Rounds & Investors (15)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round •••••• 5
Investor Investor Investor Investor Investor
15 Feb 2024
Debt Financing •••••• 1
Investor
21 Dec 2023
Venture Round •••••• 7
Investor Investor Investor Investor Investor Investor
•••• •••• 		21 Dec 2023
Debt Financing •••••• 1
Investor
01 Nov 2021
Venture Round •••••• 2
Investor Investor
08 Apr 2021

View All 15 Funding Rounds

Ampersand Energy Alternatives & Competitors

Ampersand Energy vs
Paragon Mobility
Paragon Mobility France

Deploying next generation energy infrastructure for new mobility and transport decarbonization

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7 employees
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Compare Ampersand Energy vs Paragon Mobility
Ampersand Energy vs
Urban Mobility Systems
Urban Mobility Systems The Netherlands

Innovation for your future

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Ampersand Energy vs
EVenergi
EVenergi Australia

A better transport future

Series A
42 employees
SaaS, Transportation
Compare Ampersand Energy vs EVenergi

FAQ About Ampersand Energy

Africa's market leader in powering and supplying commercial-use electric motorcycles.
Ampersand Energy was founded in 2015.
Ampersand Energy is headquartered in Rwanda.
Ampersand Energy operates in the following industries: Energy, Transportation, Automotive.
Ampersand Energy has approximately 222 employees.
Ampersand Energy has completed 15 funding rounds, raising a total of $224.01M. The latest funding stage is Series Unknown.
Top alternatives and competitors to Ampersand Energy include Paragon Mobility, Urban Mobility Systems, EVenergi, Vyro, HTEC . These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Ampersand Energy and Paragon Mobility are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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