Tech Company Financing Transactions
ARC Ride Funding Round
ARC Ride, based in Nairobi, received $33.3 million from Novastar Ventures, British International Investment and IFC.
Transaction Overview
Company Name
Announced On
9/8/2026
Transaction Type
Venture Equity
Amount
$33,300,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate its geographic expansion across sub-Saharan Africa--including Kenya, Ghana, South Africa, Tanzania, and Uganda--expand its electric vehicle fleet by adding 5,000 motorcycles, strengthen battery-swapping infrastructure and operational uptime, and advance capabilities in automated battery swaps and renewable energy integration.
Company Information
Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
GoDown 2 & 3, 31 Enterprise Rd
Nairobi, Undisclosed
Kenya
Nairobi, Undisclosed
Kenya
Phone
Website
Email Address
Overview
ARC Ride was created to help provide the electric solution to mass-transportation in rapidly-growing African cities. We are creating a scalable model that incorporates both a fleet of electric vehicles and the infrastructure for battery charging.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Jo Croft
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