Ampersand, an African electric transport energy company, has raised $19.5 million in funding. The venture capital round was led by Ecosystem Integrity Fund (EIF), with participation from Acumen and Hard Edged Hope Fund.

In addition, the company secured a $7.5 million debt facility from Cygnum Capital’s Africa Go Green (AGG) Fund. This fundraise also includes a S.A.F.E. round with investors such as Alphamundi VC, Societe Petrolieres du Rwanda, TotalEnergies...

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