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.
- The company aims to double its battery fleet by early 2026.
Ampersand's innovative approach to electric mobility in East Africa not only addresses rising operational costs for motorcycle taxi riders but also contributes to sustainable transport solutions. The company's ability to attract significant investment reflects strong investor confidence in its business model and growth potential. Further discussion could explore the scalability of this model in other African markets and its impact on local economies.
