African EV Startup ARC Ride Raises $33 Million to Expand Battery-Swapping Network
- ARC Ride raised $33.3 million for expanding battery-swapping stations across Africa.
- The funding round is one of the largest for an electric mobility company in Africa.
- Investors include Novastar Ventures, Norrsken22, and several development finance institutions.
Tech In Africa - Sep 9, 2026
Kenyan Electric Mobility Startup ARC Ride Secures $33.3 Million to Scale Battery-Swapping Infrastructure Across Africa
Kenyan electric mobility startup ARC Ride has secured $33.3 million in funding to enhance its batter
The significant investment in ARC Ride underscores a growing recognition of the potential for electric mobility in Africa. However, the success of this venture will hinge on effective execution in diverse regulatory and infrastructural environments across multiple countries. The Battery-as-a-Service model could revolutionize urban transport, but it must adapt to local challenges to truly thrive.
