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ARC Ride raises $33.3M in funding to expand its electric mobility platform across sub-Saharan Africa. The round was led by Novastar Ventures and Norrsken22.

PRIVATESep 08, 2026•about 3 hours ago

Amount Raised

$33.3 Million

Round Type

Venture - Series Unknown

KenyaTransportationAutomotiveElectric Vehicle

Investors

TalantonMusashi SeimitsuProparcoBritish International Investment (Bii)IfcNorrsken22Novastar Ventures

Description

ARC Ride, based in Nairobi, Kenya, has raised $33.3M in funding. The financing was led by Novastar Ventures and Norrsken22, with other participants including IFC and British International Investment. The funds will help accelerate the company's expansion in sub-Saharan Africa and enhance its electric vehicle fleet and infrastructure. ARC Ride aims to strengthen battery-swapping capabilities to benefit riders in the region.

Company Information

Company

Arc Ride

Location

Kenya

About

Arc Ride is a Kenyan e-mobility startup focused on electric motorcycle solutions. The company offers a Battery-as-a-Service (BaaS) model that allows riders to swap dead batteries for charged ones, improving the accessibility and sustainability of electric vehicles. They aim to revolutionize urban mobility in Africa, particularly for motorcycle taxi drivers in Nairobi. The recent funding will help expand their battery-swapping network across Kenya.

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Arc Ride raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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