Electric bike firm ARC Ride collects 33.3 million dollars to add 5,000 electric bikes and build battery stations across Africa.
ARC Ride has raised a huge sum of $33.3 million from international business backers. The official business announcement about this massive money deal was made public on Tuesday, September 8, 2026.
This big funding collection ranks among the largest investments ever given to an electric motorcycle transportation company operating on the African continent, bringing fresh energy to the clean transportation movement.
The business started its main operations in Nairobi, Kenya, but the fresh cash injection will help it build new facilities in many other countries.
In addition to expanding across major cities and towns in Kenya, the business will use the money to build brand new battery swapping locations in South Africa, Ghana, Uganda, and Tanzania.
This means thousands of commercial motorcycle taxi riders across sub-Saharan Africa will soon access easy battery changing points right in their local neighborhoods.
The main reason for this massive money injection is to solve the high costs and long waiting times linked to charging electric bikes.
Instead of forcing riders to buy expensive bike batteries or sit for hours waiting for electricity to charge them, the company lets riders rent fully charged batteries.
When a rider’s battery runs low, they simply stop at a local station, swap the drained battery for a fresh one in just 2 minutes, and continue their commercial road journeys without wasting valuable work time.
With this fresh funding, the company plans to buy five thousand new electric motorcycles to expand its fleet, build more automated battery changing stations, and connect its charging points to clean solar energy systems.
Leading international investment organizations, including Novastar Ventures, Norrsken22, the International Finance Corporation, British International Investment, and Proparco, came together to provide the money through both business capital and flexible loans.
Explaining the big goals for the company’s expansion, the founder of ARC Ride, Jo Hurst Croft, stated, “Our ambition is to make electric mobility the default choice for riders across Africa by making it more accessible, more affordable and more practical than petrol alternatives. This funding allows us to scale the infrastructure required to support that transition and to do so at pace.”
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Showing support for the business plan, a partner at investment firm Norrsken22, Ngetha Waithaka, added that the technology and network “give it the potential to become the open standard the entire ecosystem plugs into.”
This massive money deal marks a great win for commercial motorcycle riders, delivery workers, and local businesses seeking cheaper daily transport options.
By replacing expensive, smoke producing petrol bikes with clean electric motorcycles, everyday riders across Africa will spend far less money on fuel while keeping city air cleaner and safer for everyone.
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