ARC Ride Raises $10M to Scale Electric Mobility in Kenya
ARC Ride has raised $10 million from Mirova, an affiliate of Natixis Investment Managers, in senior secured debt that will be used to fund over 600 battery-swapping cabinets and 25,000 batteries. This follows the $5 million financing from British International Investment (BII), the UK’s development finance institution and impact investor to provide affordable, reliable and clean e-mobility solutions for rapidly developing cities in Kenya. According to Joseph Hurst-Croft, CEO at ARC Ride: ...














