Ampersand Electric Motorcycles

Ampersand Electric Motorcycles Debt Financing

Funding Round
Ampersand Electric Motorcycles•November 1, 2021•4y ago
BackView Startup

Amount Raised

$9M

Date Announced

Nov 01, 2021

4y ago

Disclosed Investors

1

Linked Sources

1

Ampersand Electric Motorcycles Debt Financing round record, dated Nov 01, 2021, amount listed $9M, 1 disclosed investor.

Notes

“We’re thrilled to have DFC on board with this historic investment, which is building momentum to electrify all of East Africa’s five million motorcycle taxis by 2030. DFC’s support underlines the viability and investability of electric two-wheelers for mass-market customers in the Global South, and the importance of this market to reaching net zero. On the eve of COP26 in Glasgow we believe more bold, fast-moving and innovative funds like PI² are urgently needed,” said Josh Whale, founder and chief executive officer (CEO) of Ampersand.

Disclosed Investors (1)
DFC
DFC

Private Equity

Profile
Source Coverage (1)

disrupt-africa.com

https://disrupt-africa.com/2021/11/01/rwandan-electric-motorcycle-startup-ampersand-secures-9m-debt-facility/?utm_source=rss&utm_medium=rss&utm_campaign=rwandan-electric-motorcycle-startup-ampersand-secures-9m-debt-facility

Record Details
Date announced
November 1, 2021
Round
Debt Financing
Amount raised
$9,000,000
Pre-money valuation
—
Post-money valuation
—
Disclosed investors
1
Lead investors
0
Linked sources
1
Startup ProfileAll Rounds