Ampersand
Electric motorbike company
Location: Rwanda
Website: https://www.ampersand.solar/
Sector: Logistics & Transport
Funding Stage: Grant, Venture Round, Debt, Venture Round, Debt, Series A,
Total Funding ($m): 34.6
# of Founders: 2
Founding Year: 2014
Funding Year: 2023
| Year | Amount | Stage | Investors |
|---|---|---|---|
| 2020 | $0.6m | Grant | Shell Foundation |
| 2021 | $3.5m | Venture Round | Ecosystem Integrity Fund |
| 2021 | $9m | Debt | International Development Finance Corporation |
| 2023 | $12m | Venture Round | Ecosystem Integrity Fund, Acumen Fund, Hard Edged Hope Fund, AlphaMundi, Societe Petroliere du Rwanda, Total Energies, Beyond Capital Ventures |
| 2023 | $7.5m | Debt | Africa Go Green Fund |
| 2024 | $2m | Series A | AHL Venture Partners, Everstrong Capital, Beyond Capital |
Grant $0.6m
Shell FoundationVenture Round $3.5m
Ecosystem Integrity FundDebt $9m
International Development Finance CorporationVenture Round $12m
Ecosystem Integrity Fund, Acumen Fund, Hard Edged Hope Fund, AlphaMundi, Societe Petroliere du Rwanda, Total Energies, Beyond Capital VenturesDebt $7.5m
Africa Go Green FundSeries A $2m
AHL Venture Partners, Everstrong Capital, Beyond CapitalNews
https://kenyanwallstreet.com/rwandan-startup-ampersand-raises-us2-million-for-regional-expansion/