PROJECT

Projects

Summary of Investment Information

Project Number

52436

Company Name

Arc Ride Limited

Date SPI Disclosed

Feb 12, 2026

Country

Kenya

Region

Africa

Projected Board Date

Mar 16, 2026

Environmental Category

B - Limited

Status

Pending Signing

Last Updated Date

Apr 24, 2026

Department

Equity Portfolio Management

Industry

Infrastructure

Previous Events

Approved : Apr 23, 2026

Sector

Transit and Ground Passenger Transporation

Project Description

IFC is considering an equity investment in Arc Ride Limited (Arc Ride or the Company), an e-mobility startup with its principal operation in Kenya. Launched in 2020, Arc Ride is accelerating Africa’s e-mobility sector by selling IoT-enabled electric two-wheelers and offering Battery-as-a-Service product, powered by a proprietary tech infrastructure to manage fleet and battery swap facilities.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation