Ampersand
Ampersand is an e-mobility startup pioneering electric motorcycle transport across East Africa. It offers affordable e-motorcycles and a high-performance battery swapping network, enabling riders to reduce fuel costs and emissions while increasing daily income. Ampersand’s vertically integrated model includes vehicle assembly, smart batteries, swap stations, and fleet management software—designed specifically for African terrain and rider economics
Location: Rwanda
Website: https://www.ampersand.solar/
Sector: Logistics
Funding Stage: Grant Venture Round Venture Round Series A Venture Round
Total Funding ($m): $25.1M
# of Founders: 2
Founding Year: 2014
Funding Year: 2025
Status: Active
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2020 | $0.6m | Grant | Shell Foundation |
| 2021 | $3.5m | Venture Round | Ecosystem Integrity Fund |
| 2023 | $12m | Venture Round | Ecosystem Integrity Fund, Acumen Fund, Hard Edged Hope Fund, AlphaMundi, Societe Petroliere du Rwanda, Total Energies, Beyond Capital Ventures |
| 2024 | $2m | Series A | AHL Venture Partners, Everstrong Capital, Beyond Capital |
| 2025 | $7m | Venture Round | Seedstars Africa Ventures and Gaia Impact, Rwanda Green Fund and Raspberry Syndicate, Ecosystem Integrity Fund, AHL Ventures, Acumen, and TotalEnergies |
 | Co-Founder & CEO  |
Grant $0.6m
Shell Foundation
Venture Round $3.5m
Ecosystem Integrity Fund
Venture Round $12m
Ecosystem Integrity Fund, Acumen Fund, Hard Edged Hope Fund, AlphaMundi, Societe Petroliere du Rwanda, Total Energies, Beyond Capital Ventures
Series A $2m
AHL Venture Partners, Everstrong Capital, Beyond Capital
Venture Round $7m
Seedstars Africa Ventures and Gaia Impact, Rwanda Green Fund and Raspberry Syndicate, Ecosystem Integrity Fund, AHL Ventures, Acumen, and TotalEnergies