ShareAmpersand, a pioneering electric transport energy company based in Kigali, recently secured a significant investment of $19.5 million through debt and equity funding. Established in 2016, Ampersand has been at the forefront of innovating in the electric vehicle sector. Since its inception in May 2019, the Ampersand fleet has experienced remarkable growth, surpassing a thousand vehicles. Whale stated that the recent funding will enable them to deliver thousands more electric motorcycles in the upcoming months. This new round of funding ensures that Ampersand will maintain its momentum in expanding its operations.

Source: The North Africa Journal January 18, 2024 13:07 UTC