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Nairobi’s Arc Ride Secures $5m IFC Backing to Drive African E-mobility...
The World Bank’s private sector arm, the International Finance Corporation (IFC), has committed $5 million in equity to Arc Ride, a move set to accelerate the rollout of electric motorcycles across East Africa.
This significant investment serves as the anchor for the Nairobi-based startup’s Series A funding round.
It marks a...