ARC Ride
OperatingARC Ride is providing the electric solution to mass-transportation in rapidly-growing African cities.
- Transportation
- Nairobi, Kenya
- Debt Financing
- Founded 2019
- arcrideglobal.com ↗
- Total raised
- $48.3M
- disclosed
- Last round
- $23.3M
- Series A
- Rounds
- 4
- since 2019
- Investors
- 8
- on record
- Employees
- 11-50
About ARC Ride
ARC Ride is providing the electric solution to mass-transportation in rapidly-growing African cities. ARC Ride was created to help provide the electric solution to mass-transportation in rapidly-growing African cities. We are creating a scalable model that incorporates both a fleet of electric vehicles and the infrastructure for battery charging.
ARC Ride funding4 rounds
All 4 rounds →ARC Ride has raised $48.3M across 4 disclosed rounds. The latest is a $10M Debt Financing announced 08 Sep 2026.
- $5MVentureVenture, $5M, $5M raised to date
- $10MDebt FinancingDebt Financing, $10M, $15M raised to date
- $23.3MSeries ASeries A, $23.3M, $38.3M raised to date
- $10MDebt FinancingDebt Financing, $10M, $48.3M raised to date
SLA Funding Index · grey is capital raised before each round
Who has invested in ARC Ride
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 08 Sep 2026 | ARC Ride Debt Financing | British International Investment +1 | $10M |
| 08 Sep 2026 | ARC Ride Series A | Novastar Ventures +6 | $23.3M |
| 18 Sep 2025 | ARC Ride Debt Financing | Mirova | $10M |
| 22 May 2025 | ARC Ride Venture | British International Investment | $5M |
ARC Ride founders & team
Full team →- Karl BoyceCo-Founder and Board Member
- Karl BoyceCo-Founder and Board Member
- Joanna CheongChief Financial Officer
- Joseph Hurst-CroftCEO
ARC Ride competitorssame sector · similar funding
- Little RideNairobi, Kenya
- Ampersand Electric MotorcyclesNyarugenge, Rwanda
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Frequently asked about ARC Ride
- Where is ARC Ride based and when was it founded?
- ARC Ride is headquartered in Nairobi, Kenya and was founded in 2019.
- Who founded ARC Ride?
- ARC Ride was founded by Karl Boyce (Co-Founder and Board Member) and Karl Boyce (Co-Founder and Board Member).
- Who is the CEO of ARC Ride?
- Joseph Hurst-Croft is ARC Ride's CEO.
- How much funding has ARC Ride raised?
- ARC Ride has raised $48M across 4 disclosed rounds. Its latest, a $10M Debt Financing, was announced on Sep 08, 2026.
- Who has invested in ARC Ride?
- Backers include British International Investment, Mirova, International Finance Corporation, Novastar Ventures and 4 others.
- What sector is ARC Ride in?
- ARC Ride operates in Transportation, Supply chain and Battery.
