Ampersand is a startup in East Africa specializing in electric motorcycles, providing battery swap stations and serving a large number of riders daily.
Ampersand Secures $7 Million in Funding to Expand Electric Motorcycle Fleet in East Africa
Ampersand closed a $7 million funding round from British International Investment to scale operations. The funding will be used to grow Ampersand’s fleet of electric motorcycles and battery-swapping stations.
Funding Trends in African E-Mobility Startups
African startups raised $2.21 billion across 488 deals in 2024, with mobility startups securing $178.6 million. Kenya leads East Africa in electrifying commercial vehicles, supported by a robust renewable energy infrastructure.
EXCLUSIVE: Spiro to ramp up EV production in Nigeria with new assembly plant
Spiro will launch its first EV assembly plant in Ogun State, Nigeria by March 2025. The new plant will increase production capacity from 1,000 units in 2024 to 100,000 bikes.
