Ampersand Raises Capital to Scale Clean Transport in East Africa
Strategic Investment Fuels Ambitious Expansion
The investment was led by British International Investment (BII), the UK’s development finance institution and a key impact investor. The consortium also features strong support from new backers including Seedstars Africa Ventures, Gaia Impact, the Rwanda Green Fund, and Raspberry Syndicate. These investors join an established group of committed partners like Ecosystem Integrity Fund, AHL Ventures, Acumen, HEHF, and TotalEnergies, demonstrating broad-based support for Ampersand’s vision. Josh Whale, CEO of Ampersand, celebrated the funding as a “powerful vote of confidence in our mission to electrify Africa’s most important form of transport.” He detailed clear, ambitious targets fueled by the investment: doubling the company’s battery fleet by early 2026. This growth is projected to support over 35,000 battery swaps daily, empowering thousands of drivers with a superior alternative that is cleaner, cheaper, and better-performing than conventional petrol motorcycles.
This successful fundraising round is more than just a financial boost for Ampersand; it’s a catalyst for the broader clean mobility movement in East Africa. The infusion of capital will enable the company to solidify its infrastructure, reduce operational barriers for riders, and accelerate the transition away from fossil fuels in a key sector of the economy. By providing a practical and economically viable solution, Ampersand is not only contributing to a greener future but also improving the livelihoods of motorcycle drivers, reinforcing the potential for impactful, technology-driven innovation across Africa.
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Related Keywords: Ampersand funding, electric motorcycles Africa, East Africa emobility, clean transport investment, EV startups Africa, sustainable transport East Africa, Ampersand capital raise, Africa tech funding, venture capital Africa
