ARC Ride Accelerates Africa's Electric Revolution: Secures $5M to Transform Urban Transit

ARC Ride is thrilled to announce the successful closing of a $5,000,000 funding round—a significant milestone that will drive our mission of offering an electric solution to mass transportation in Africa’s rapidly-growing urban centers. Founded with a vision to transform urban mobility, ARC Ride is dedicated to creating a scalable, sustainable model that seamlessly integrates a state-of-the-art fleet of electric vehicles with a robust infrastructure for battery charging. This fresh infusion of capital is earmarked for scaling our operations to meet the increasing demand for cleaner, more efficient public transportation. The funds will primarily be used to expand our electric fleet, build additional charging hubs, and enhance our operational technology to provide reliable and eco-friendly transit services. As urbanization continues to accelerate across the continent, our initiative stands at the forefront of addressing the urgent need for sustainable transportation and reducing urban carbon footprints. We are excited to leverage this investment not only to fortify our infrastructure but also to foster innovation and job creation within local communities, propelling economic growth while prioritizing environmental stewardship. This investment underscores investor confidence in our strategic approach and reinforces our commitment to drive a transformative shift in urban mobility. ARC Ride is poised to set new benchmarks by delivering a comprehensive electric mobility solution that benefits cities, commuters, and the environment alike. As we embark on this next chapter, our mission remains clear—delivering safe, sustainable, and efficient transportation solutions that empower communities and pave the way for a greener future in Africa and beyond.