Kenyan e-motorcycle firm ARC Ride had 2025 revenue of KSh 560m and a KSh 377m loss

Kenyan electric motorcycle company ARC Ride had revenue of KSh 560 million in 2025 and a loss after tax of about KSh 377 million, the Kenyan technology news site TechTrendsKE reported on 9 October, citing audited results for the year ended 31 December 2025.

The same report puts turnover at US$4.34 million. Motorcycle sales brought in KSh 379.4 million, up 126%, and battery-swapping services KSh 180.6 million, up 429%, according to TechTrendsKE.

ARC Ride reported an operating loss of US$2.91 million, equivalent to about KSh 375.8 million, TechTrendsKE said. Cost of sales was about US$3 million against revenue of US$4.34 million, leaving a gross profit of about US$1.34 million. TechTrendsKE reported that management attributed the performance to expansion into new markets and additional battery-swapping infrastructure.

At the end of 2025 the company held about US$12.16 million in cash and US$10.97 million in debtors, with total equity of about US$17 million, the same article said.

Chinese electric two-wheeler maker Yadea, which entered the Kenyan market in June, said it was working with ARC Ride to use its battery-swapping network, Business Daily reported on 5 June. TechTrendsKE said on 9 October that the partnership's contribution to 2025 revenue was not quantified.

In September ARC Ride announced a US$33.3 million financing round. It combines a US$23 million Series A equity round and US$10 million in debt, according to a release of 8 September from Proparco, a French development finance institution.

Novastar Ventures and Norrsken22 led the round. The International Finance Corporation (IFC), British International Investment (BII) and Proparco took part, and existing investors Musashi Seimitsu and Talanton put in more money, TechTrendsKE reported on 9 September. It said the debt included a facility from BII's Kinetic programme and Mirova.

Proparco put US$1.5 million of equity into the round. Its release says ARC Ride has an estimated 30% share of Nairobi's electric two-wheeler market. Proparco says the project is expected to create more than 300 direct jobs and nearly 2,900 indirect jobs over time, and to avoid about 100,000 tonnes of CO2 emissions a year.

ARC Ride sells electric motorcycles and runs a Battery-as-a-Service model, which separates the battery from the purchase of the vehicle. Riders exchange depleted batteries at stations instead of waiting for conventional charging, the news site Africa Sustainability Matters reported.

TechTrendsKE reported on 9 September that the company plans to use the money to broaden its operations in Kenya, including Nairobi and the western region, and to enter Ghana, South Africa, Tanzania and Uganda. Africa Sustainability Matters, also on 9 September, said the financing is expected to support the deployment of 5,000 additional electric motorcycles.

Founder Jo Hurst-Croft said, as quoted by TechTrendsKE on 9 September: "This funding reinforces our vision of building a robust, scalable energy and mobility network across Africa."