ARC Ride

NEWS

ARC Ride raises $33.3M to scale battery swapping

ARC Ride has raised $33.3 million in a new financing round as the African electric mobility company moves to scale its battery-swapping network, adding thousands of electric motorcycles and entering new markets across sub-Saharan Africa. The round was led by Novastar Ventures and Norrsken22, with the International Finance Corporation (IFC), British International Investment (BII) and Proparco participating. Existing investors Musashi…