Africa Angel Investors Network

Funding Tracker                 


Ampersand

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Ampersand is the e-mobility energy provider for millions of motorbike taxis.


Location: Rwanda
Website: https://www.ampersand.solar/
Sector: Logistics
Funding Stage: Grant, Venture Round, Debt, Venture Round, Debt, Series A,
Total Funding ($m): 34.6
# of Founders: 2
Founding Year: 2014
Funding Year: 2024
Status: Active
YearAmountStageInvestors
2020$0.6mGrantShell Foundation
2021$3.5mVenture RoundEcosystem Integrity Fund
2021$9mDebtInternational Development Finance Corporation
2023$12mVenture RoundEcosystem Integrity Fund, Acumen Fund, Hard Edged Hope Fund, AlphaMundi, Societe Petroliere du Rwanda, Total Energies, Beyond Capital Ventures
2023$7.5mDebtAfrica Go Green Fund
2024$2mSeries AAHL Venture Partners, Everstrong Capital, Beyond Capital
Josh Whale , Alp Tilev , ,
Grant $0.6m
Shell Foundation

Venture Round $3.5m
Ecosystem Integrity Fund

Debt $9m
International Development Finance Corporation

Venture Round $12m
Ecosystem Integrity Fund, Acumen Fund, Hard Edged Hope Fund, AlphaMundi, Societe Petroliere du Rwanda, Total Energies, Beyond Capital Ventures

Debt $7.5m
Africa Go Green Fund

Series A $2m
AHL Venture Partners, Everstrong Capital, Beyond Capital


News
https://kenyanwallstreet.com/rwandan-startup-ampersand-raises-us2-million-for-regional-expansion/