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ARC Ride
Kenya · Mobility
ARC Ride supplies electric motorcycles and battery-swapping services for commercial riders and fleet operators.
Product
Its vehicles and swapping network are designed for riders who need to keep earning throughout the day. Using the app, a rider locates a station, scans a cabinet and replaces a depleted battery with a charged one in about a minute.
The Nairobi-based business combines vehicles, batteries and swapping infrastructure as one operating system. Battery access is provided through the service, allowing riders to use the network rather than wait for a vehicle battery to charge.
Funding history
1 round · 1 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Funding | $33.3M | Norrsken22 — LeadNovastar Ventures — LeadBritish International Investment — ParticipantInternational Finance Corporation — ParticipantMirova — ParticipantMusashi Seimitsu — ParticipantProparco — ParticipantTalanton — Participant |