Ampersand
Company

Last deal

$2M

Amount

Series A

Stage

29.08.2024

Date

16

all rounds

$36.3M

Total amount

General

About Company
Ampersand provides affordable electric mobility solutions for developing markets.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Ampersand UG (haftungsbeschränkt), Ampersand Rwanda Ltd

founded date

01.01.2017

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

The company designs and manufactures electric vehicles and charging systems, specifically for motorcycle taxis in East Africa, with a battery swap model that makes it cheaper to buy and operate than petrol motorbikes. The vehicles can be charged through solar panels and are compatible with a battery swapping system, allowing clients to have access to a sustainable alternative that reduces carbon dioxide emissions and improves livelihoods. Over a million km have already been covered by e-motorcycles in Africa using Ampersand's plug-and-play powertrain and energy network.
Contacts