Ampersand, the African EV energy tech company, has raised fresh funding to expand its electric motorcycle fleet, battery swap network, and charging infrastructure across East Africa.
The round includes a major working capital investment from British International Investment (BII), supported by new equity from Seedstars Africa Ventures, Gaia Impact, Rwanda Green Fund, Raspberry Syndicate, and additional backing from existing investors such as Ecosystem Integrity Fund, AHL Ventures, Acumen, HEHF, and TotalEnergies.
This funding strengthens Ampersand’s ability to scale its vertically integrated model, which combines electric motorbikes, proprietary battery packs, and swap stations—a cleaner, cheaper, and scalable alternative to petrol motorcycles.
Driving Africa’s Clean Transport Future
Ampersand currently powers more than 6,000 electric motorcycles across Rwanda and Kenya, delivering over 20,000 battery swaps daily from a fleet of more than 8,000 batteries. Collectively, riders cover over 900,000 kilometres each day, while saving significantly on fuel costs and cutting over 90% of tailpipe emissions.
The new investment will allow Ampersand to double its battery fleet by early 2026, enabling over 35,000 daily swaps and boosting access to affordable, sustainable transport for motorcycle taxi riders, a vital workforce across Africa.
Investor Confidence in Sustainable Mobility
“This funding is a powerful vote of confidence in our mission to electrify Africa’s most important form of transport,” said Josh Whale, CEO of Ampersand. “With our investors’ support, we can scale faster, reduce emissions, and improve the livelihoods of thousands of riders.”
Backers such as BII and Seedstars Africa Ventures highlighted Ampersand’s proven technology, operational excellence, and customer-focused model as key reasons for their investment.
