Ampersand, a small garage experiment in Kigali, has grown to become Rwanda's largest EV manufacturer with a 70% market share. The company aims to expand its success to Kenya, East Africa's largest economy, by offering battery swap stations and financing plans. The switch to electric vehicles in East Africa, where 100 million people use motorbike taxis daily, is seen as transformative. The World Bank's Private Sector Window and IFC support Ampersand as Africa's first electric vehicle and EV energy company.
Ampersand is Rwanda's biggest EV manufacturer. Now the company hopes to replicate that success in much-larger Kenya https://t.co/WRsGnigwuP
In East Africa, where 100M people a day use motorbike taxi, the switch to electric could be transformative. Learn how the @WBG_IDA Private Sector Window & @IFC_org support Ampersand–Africa’s 1st electric vehicle & EV energy company: https://t.co/6gi3P0LJTW #ACF2024 #IDAworks
A growing network of battery swap stations and cheap financing plans helped Ampersand become Rwanda’s largest EV manufacturer. Now it has its sights on Kenya https://t.co/CsbinUBxi3
🌱🛵In East Africa, where 100M people a day use motorbike taxi, the switch to electric could be transformative. Learn how the @WBG_IDA Private Sector Window & @IFC_org support Ampersand–Africa’s 1st electric vehicle & EV energy company: https://t.co/xVL1dWtUAZ #ACF2024 #IDAworks https://t.co/IQcdf51FvG
With a 70% market share, Ampersand is Rwanda’s biggest EV manufacturer. Now it wants to replicate that success in Kenya, East Africa’s largest economy https://t.co/CsbinUBxi3
Ampersand, Rwanda’s homegrown EV leader, hopes to replicate its small-market success in Kenya, East Africa’s largest economy https://t.co/WRsGnigwuP https://t.co/aQS0zfFY0y
For Rest of World, I wrote about how a small garage experiment in Kigali has become one of the biggest electric motorcycle players in East Africa. https://t.co/lKrsTrbsiz