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Article

ARC Ride raises $33.3 million to expand its electric motorcycle and battery-swapping network across East and West Africa.

Techmoran Sep 8, 2026
Read the original Article page

TL;DR

Nairobi-based electric mobility startup ARC Ride raised $33.3 million in a mix of equity and asset-backed debt financing.

The funding round was led by Novastar Ventures and Norrsken22, with participation from IFC, British International Investment, Proparco, Mirova, Musashi Seimitsu Industry, and Talanton.

Intelligence

ARC Ride plans to deploy 5,000 electric motorcycles and expand its Battery-as-a-Service (BaaS) swapping infrastructure into Ghana, South Africa, Tanzania, and Uganda.

 As the company deploys 5,000 electric motorcycles and expands from Kenya into Ghana, South Africa, Tanzania, and Uganda, commercial riders will benefit from reduced upfront battery costs and minimized vehicle downtime.

This multi-market expansion will test whether open-platform Battery-as-a-Service (BaaS) networks can achieve the operational scale and unit economics required to replace petrol-powered two- and three-wheelers in major African urban hubs.

Funding extracted from this article

1
ARC Ride Unknown · $33.3 Million

Regulatory activity extracted

0

No regulatory actions were extracted from this article.

Tenders extracted

0

No tenders were extracted from this article.

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