ARC Ride announced that its 2025 revenue reached KSh560 million, a four-fold increase from the previous year.
The audited results for the year ended December 31, 2025 show turnover of $4.34 million, with motorcycle sales contributing KSh379.4 million, up 126 per cent, and battery-swapping services adding KSh180.6 million, a rise of 429 per cent.
Battery-swapping accounted for roughly 32 per cent of total revenue while motorcycle sales made up about 68 per cent.
The company recorded an operating loss of $2.91 million, equivalent to approximately KSh375.8 million, and a loss after tax of about KSh377 million.
Management linked the widened loss to expansion into new markets, additional battery-swapping stations, technology development and the operational capacity required to move beyond its pilot phase.
Cost of sales was around $3 million against revenue of $4.34 million, leaving a gross profit of about $1.34 million, while administrative expenses reached roughly $4.27 million, exceeding revenue.
The balance sheet reported cash of approximately $12.16 million, debtors of $10.97 million and total equity of about $17 million at year-end.
In September 2026 ARC Ride secured a financing round of roughly $33 million from investors including the International Finance Corporation, British International Investment, Proparco, Novastar Ventures, Norrsken22 and existing backers Musashi Seimitsu and Talanton.
The funding is earmarked for deploying 5,000 additional electric motorcycles, expanding battery-swapping infrastructure and entering markets such as Tanzania, Uganda, Ghana and South Africa.
Car and General’s shareholding fell to 0.49 per cent in December 2025 from 0.7 per cent in 2024, with its investment valued at about KSh35.3 million in both periods.
