electric motorbikes
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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…
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MOBILITY
Why the battery is the true cost of electric motorbikes revolution in Kenya
When you look at a nice-looking electric motorbike gliding through the streets of Nairobi, Kenya, it is easy to focus on the wheels, the digital dashboard, or the lack of an exhaust pipe. But the most critical component, and the reason these bikes have disrupted the entire economics of the boda boda sector, is hidden discreetly under the seat. It…
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MOBILITY
Watu and Spiro partner to improve access to affordable financing for electric motorbikes in Kenya
Asset financing company Watu Credit and SPIRO, a pioneer in sustainable urban mobility solutions, have announced a partnership to improve access to affordable financing for electric motorbikes in Kenya. Spiro has set up a headquarters in Mombasa, and has the largest electric two-wheeler fleet in Africa with over 10,000 bikes deployed in Kenya, Benin, Togo, Rwanda and Uganda. Speaking during the announcement, Erick Massawe, Kenya…
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