🇰🇪 Kenya 3d ago · Sam Wakoba

ARC Ride Raises $33.3 Million to Expand Electric Mobility Network in Africa

Tech Moran Kenya
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Electric mobility company ARC Ride has raised $33.3 million from venture capital firms, development finance institutions and impact investors as it seeks to expand battery-swapping infrastructure and electric two- and three-wheelers across Africa. The financing was led by Novastar Ventures and Norrsken22, with the International Finance Corp., British International Investment and Proparco participating. Existing investors […]
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