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ARC Ride

ClimateTechElectric MobilityB2B2C📍 Nairobi, Kenya

ARC Ride is an electric mobility platform focused on expanding its battery-swapping network and electric transport services across Africa. This late-stage financing round, led by Novastar Ventures and Norrsken22, aims to fuel this expansion. The significant funding, which includes debt facilities, highlights growing institutional confidence in the battery-swapping model for African electric transport infrastructure.

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Total raised
Undisclosed
across 2 rounds
Latest round
$33.3 million
Sep 8, 2026
Known investors
10
led by Novastar Ventures
Press coverage
5
outlets tracked

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Funding history

  1. 2
    $33.3 millionSep 8, 2026

    Led by Novastar Ventures

    Announcement ↗
  2. 1
    $33.3MDebtSep 8, 2026
    Announcement ↗

Founder

J
Jo Hurst Croft
CEO

Investors in ARC Ride

Backers from this company's tracked funding rounds.

  • NNovastar VenturesLead investorVC firm
  • NNorrsken22VC firm
  • IInternational Finance Corporation (IFC)VC firm
  • BBritish International Investment (BII)VC firm
  • PProparcoVC firm
  • MMusashi SeimitsuVC firm
  • TTalantonVC firm
  • MMirovaVC firm
  • IIFCVC firm
  • BBII's Kinetic programVC firm

ARC Ride in the news

Coverage of this company's funding, tracked by Datapile.

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