Rwandan E-Motorbike Maker Ampersand Secures Funding for East African Expansion
Ampersand, a Rwandan e-motorbike manufacturer, has successfully secured funding to fuel its expansion across East Africa, representing a significant step forward for sustainable transport in the region. The company, headquartered in Rwanda, garnered investment from a diverse group of backers to bolster its electric motorcycle operations throughout East Africa. While the precise financial details remain undisclosed, the secured capital allows Ampersand to broaden its reach and provide more individuals with access to its electric bikes.
Investment Details and the Future of Ampersand
The funding round included significant backing from prominent entities such as British International Investment (BII), the UK’s development finance institution. Seedstars Africa Ventures, Gaia Impact, the Rwanda Green Fund, Raspberry Syndicate, Ecosystem Integrity Fund, AHL Ventures, Acumen, HEHF, and TotalEnergies also participated in the investment. This diverse investor base underscores the strong confidence in Ampersand’s mission to revolutionize transportation across East Africa. The investment signifies a commitment to green technology and its potential for impact in the African market, fostering cleaner, more affordable mobility solutions. Ampersand is positioned to increase its production and distribution network.
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