Acumen
Acumen is a nonprofit organization established in 2001 and based in New York City, with additional offices in Mumbai, Nairobi, Karachi, and Accra. The organization is dedicated to poverty eradication by raising charitable funds to invest in early-stage companies that provide essential services such as clean energy, healthcare, education, agricultural inputs, formal housing, and safe drinking water to low-income communities. Acumen has made significant investments totaling $128 million in 128 companies across 14 countries, impacting the lives of over 308 million individuals. The organization collaborates with notable partners, including the Rockefeller Foundation, the Bill & Melinda Gates Foundation, and Google.org, to address critical challenges faced by underserved populations.
Ampersand
Venture Round in 2023
Ampersand is a company based in Kigali, Rwanda, that focuses on manufacturing affordable electric vehicles and charging systems specifically for motorcycle taxi drivers in East Africa. By providing a battery swap network and an operating system, Ampersand aims to make sustainable mobility more accessible and affordable in developing markets. The company's initiatives not only enhance the livelihoods of local drivers but also contribute positively to the environment. As of January 2024, Ampersand has attracted 2,000 customers who collectively travel 1.5 million kilometers weekly in Nairobi and Kigali, illustrating the growing demand for electric mobility solutions in the region.
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