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Arc Ride

Lease-to-own electric motorbikes for East African boda boda riders

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Arc Ride is an East African electric motorbike startup providing e-bikes to boda boda riders via a lease-to-own model, making EV adoption accessible without upfront cost. Received $5M equity from the IFC (World Bank Group) in early 2026 as institutional confidence in Africa's e-mobility sector surged alongside Spiro's mega-rounds.

Facts about Arc Ride

Company type
CleantechMobility
Funding stage
Seed
Founded
2021
Founders
Undisclosed
Markets
🇰🇪Kenya🇺🇬Uganda🇹🇿Tanzania
Total disclosed funding
$5M (IFC, 2026)
Valuation
Undisclosed

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