<\/p>\n
The money will be used to support the roll-out of electric two-wheeler vehicles and battery-swapping infrastructure in Kenya.<\/p>\n
French sustainable investor Mirova has provided $10m of senior debt financing to ARC Ride, an electric mobility company in Kenya which operates Africa\u2019s first and largest automated battery swapping network.<\/p>\n
The transaction was done via the Mirova Gigaton Fund, which was launched in 2022 with backers including the European Investment Bank to invest in the energy transition in emerging markets with a target size of $500m.<\/p>\n
The deal with Nairobi-based ARC, the Gigaton fund\u2019s first in electric vehicles in sub-Saharan Africa, will support the installation of 600 battery-swapping cabinets and 25,000 batteries.<\/p>\n
\u201cThis investment reflects Mirova\u2019s mission to support innovative, high-impact climate solutions in emerging markets. ARC Ride is redefining urban mobility in Africa through a scalable model that reduces emissions and improves livelihoods. We\u2019re proud to support their journey,\u201d said Rim Azirar, deputy head of emerging market energy transition at Mirova, which had \u20ac33bn in assets under management at the end of June.<\/p>\n
The adoption of electric vehicles (EV) is gaining traction across Africa, partly driven by consumers seeking cheaper alternatives for petrol-powered transport, increased government support and rapid urbanisation. The African EV market is forecast to grow over 10.6% annually between 2025 and 2029 to $314m, according to a report by Statista.<\/p>\n
Gigaton\u2019s investment in ARC Ride will align with two UN Sustainable Development Goals \u2013\u00a0 <\/span>SDG 13: Climate Action and SDG 8: Decent Work and Economic Growth, Mirova said.<\/p>\n Each electric motorcycle deployed by ARC Ride is estimated to reduce CO2 emissions by 2 tonnes annually. Kenyan motorcycle riders, who often work in the gig economy, will also benefit from savings on fuel and maintenance.<\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" The money will be used to support the roll-out of electric two-wheeler vehicles and battery-swapping infrastructure in Kenya. French sustainable investor Mirova has provided $10m of senior debt financing to ARC Ride, an electric mobility company in Kenya which operates Africa\u2019s first and largest automated battery swapping network. The transaction was done via the Mirova […]<\/p>\n","protected":false},"author":1,"featured_media":4901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/09\/Money-USA-5-1080x445.jpg",1080,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/09\/Money-USA-5-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/09\/Money-USA-5-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/09\/Money-USA-5.jpg",1080,720,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=4900"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4900\/revisions"}],"predecessor-version":[{"id":4902,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4900\/revisions\/4902"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/4901"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=4900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=4900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=4900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}