# ARC Ride

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arc-ride

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Nairobi, Kenya
- Website: www.arcrideglobal.com
- Total disclosed funding: $5M
- Latest round: Series A (Sep 8, 2026)
- Investors on record: 8

## About

Based in Nairobi, Kenya, and founded in 2020, ARC Ride provides electric solutions for mass transportation. In September 2026, ARC Ride raised USD 23 million in venture co-led by Norrsken22 and Novastar Ventures, with participation from Proparco, International Finance Corporation, British International Investment, Musashi Seimitsu Industry, Talanton, and USD 10 Million in venture debt from British International Investment and Mirova.

The company designs build and assemble electric vehicles such as Corbett which is a multi-functional motorbike, designed for personal commuting or goods and food delivery. Additionally, the firm provides proprietary battery swapping and management platform, smart batteries, as well as automated swap cabinets.
ARC Ride generates revenue by offering Battery-as-a-Service (BaaS) for electric two- and three-wheelers in African cities. Income streams include battery swap fees, EV sales, rider app services, and rental from swap station partnerships.

The company plans to utilize the September 2026 funding to expand across key African markets, grow its battery-swapping network, and add 5,000 motorcycles.

## Funding rounds

- Series A, Sep 8, 2026 — International Finance Corporation, Proparco, British International Investment, Novastar Ventures, Norrsken22, Musashi Seimitsu Industry, Talanton
- Series A, Feb 18, 2026, $5M — International Finance Corporation, British International Investment, Mirova, Musashi Seimitsu Industry

## Investors

- International Finance Corporation — Series A
- British International Investment — Series A
- Mirova (https://capitalatlas.ai/funds/mirova) — Series A
- Musashi Seimitsu Industry — Series A
- Proparco (https://capitalatlas.ai/funds/proparco) — Series A
- Novastar Ventures (https://capitalatlas.ai/funds/novastar-ventures) — Series A
- Norrsken22 (https://capitalatlas.ai/funds/norrsken22) — Series A
- Talanton (https://capitalatlas.ai/funds/talanton) — Series A