# Ampersand

**Source:** https://www.startuphub.ai/startups/ampersand
**Profile type:** Startup

> A company focused on electric mobility solutions in Africa, offering battery swapping for electric motorcycles.

## About

Ampersand is Africa's leading EV energy tech company, creating a cleaner and more profitable motorcycle transport system. They provide purpose-built electric motorcycles, durable battery packs, swap stations, and proprietary fleet management software, aiming to reduce operating costs and carbon emissions.

## Key facts

- **Slug:** ampersand
- **Website:** https://www.ampersand.africa/
- **Location:** Kigali, Rwanda
- **Founded:** 2014-01-01
- **Operating status:** Active
- **Total funding:** $42M
- **Sectors / tags:** Electric Vehicles, Energy, Mobility, AI

## Frequently asked

### What does Ampersand do?

Ampersand is Africa's leading EV energy tech company, creating a cleaner and more profitable motorcycle transport system. They provide purpose-built electric motorcycles, durable battery packs, swap stations, and proprietary fleet management software, aiming to reduce operating costs and carbon emissions.

### What is Ampersand's revenue?

StartupHub estimates Ampersand's annual revenue at $7.6M (range $4.2M to $17.9M, 30% confidence), based on comparable companies in the sector.

### What is Ampersand's valuation?

StartupHub estimates Ampersand's effective valuation at $168.9M (range $104.5M to $250.8M, 16% confidence), based on comparable companies in the sector.

### How much funding has Ampersand raised?

Ampersand has raised a total of $42M in funding. The most recent round on record is Series A.

### Where is Ampersand headquartered?

Ampersand is headquartered in Kigali, Rwanda.

### When was Ampersand founded?

Ampersand was founded in 2014.

### What industry does Ampersand operate in?

Ampersand operates in Electric Vehicles, Energy, Mobility, AI.

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