Investment
ARC Ride raises $33.3 million to expand its battery-swapping model beyond Kenya
ARC Ride, a Kenyan electric mobility startup, has raised $33.3 million in asset-backed debt and equity to expand its battery-swapping network and electric motorcycle fleet across Africa. Novastar Ventures and Norrsken22 led the funding round, with participation from the International Finance Corporation (IFC), British…
TechCabalBy Opeyemi Kareem
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Africa Business Review aggregates and summarises reporting from trusted publishers. The full article is published by TechCabal.
Read at TechCabal →Original headline: “ARC Ride raises $33.3 million to expand its battery-swapping model beyond Kenya”
- Startups
- Africa
- electric bike
- Electric mobility
- funding
- Kenya