Ampersand is a startup in East Africa specializing in electric motorcycles, providing battery swap stations and serving a large number of riders daily.
Why Africa’s most-funded EV startup is thinking beyond motorcycles
Spiro announced a $215 million funding round, one of the largest for an African mobility company. The company has raised over $500 million through various funding rounds to support its growth.
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.
