Rwanda EV Startup Ampersand Raises $2 Million in Series A Extension
- Ampersand has raised a $2 million Series A extension to expand to other East African countries.
- The investment will accelerate the rollout of their EV energy technology and infrastructure to the mass market.
- Chinese EV Maker BYD signed a Memorandum of Understanding (MOU) with Ampersand to collaborate on the decarbonisation of Africa’s commercial motorbike transport system.
The investment in Ampersand is a positive development for the company as it will allow them to expand their operations and bring their electric motorcycle technology to a wider market. The collaboration with BYD also shows the growing interest in decarbonizing Africa's transport system.
