ARC Ride Secures $10M Debt Financing to Expand Electric Motorcycle Infrastructure in Kenya
Kenyan electric mobility startup ARC Ride has secured $10 million in debt financing from Mirova, a Paris-based sustainable investment manager. This investment marks Mirova’s first electric vehicle (EV) deal in Sub-Saharan Africa and is aimed at scaling ARC Ride’s battery-swapping infrastructure across Kenya. The funds will enable ARC Ride to deploy over 600 battery-swapping cabinets … Continue reading ARC Ride Secures $10M Debt Financing to Expand Electric Motorcycle Infrastructure in Kenya
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