Ampersand Raises $2 Million to Accelerate East African Expansion
Ampersand, the Rwandan electric motorcycle startup, has secured a $2 million extension to its Series A funding, pushing its total capital raised to $21.5 million as it eyes expansion across East Africa.
The investment round saw participation from new and existing backers, including AHL Venture Partners and Everstrong Capital, an infrastructure investor known for the Usahihi toll road project in Kenya. Beyond Capital Ventures also reinvested, following its earlier commitment to Ampersand’s Series A.
Photo courtesy of Tahir Osman.
Source: Startup Lagos (link opens in a new window)
- Categories
- Investing, Transportation
