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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 Venture round Total: $224.01M Energy, Transportation +1

General Information

Company Name Ampersand Energy
Founded Year 2015
Location Rwanda Rwanda
Employees 222
Industries Energy, Transportation, Automotive
Funding Stage Venture round
Social

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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.

Business keywords: 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 Undisclosed 5
Ecosystem Integrity Fund, Beyond Capital Ventures +3
15 Feb 2024
Debt Financing $7.50M 1
AfricaGoGreen Fund
21 Dec 2023
Venture Round $12.00M 7
Ecosystem Integrity Fund, Acumen +5
21 Dec 2023
Debt Financing $9.00M 1
U.S. DFC
01 Nov 2021
Venture Round $3.50M 2
Ecosystem Integrity Fund, TotalEnergies Ventures
08 Apr 2021
Grant $600.00K 1
Shell Foundation
16 Jul 2020
Debt Financing $250.00K 1
ImpactAssets
15 Apr 2020
Grant $500.00K -
02 Aug 2019
Convertible Note $100.00K 1
Factor[e] Ventures
07 May 2019
Grant RWF189.90M 1
FONERWA
29 Nov 2018

View All 15 Funding Rounds

Ampersand Energy Alternatives & Competitors

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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 Energy, Transportation and Automotive. Its work centres on Electric motorcycles, Sustainable mobility, Rwanda and Kenya.
Ampersand Energy has approximately 222 employees.
Ampersand Energy has completed 15 funding rounds, raising a total of $224.01M. The latest funding stage is Venture round.
Top alternatives and competitors to Ampersand Energy include Battery Smart, Gecss Investment, Motiv Electric Trucks, Evoke Motorcycles, BasiGo. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Ampersand Energy and Battery Smart 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.

Source: BounceWatch company record for Ampersand Energy, https://bouncewatch.com/company/ampersand-e-mobility, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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