Memorandum of Understanding with ARC Ride - MUSASHI's EV drive unit to be mounted on electric 3-wheelers -

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Musashi Seimitsu Industry Co., Ltd. (Global Headquarters: Toyohashi-city, Aichi, Japan; President and CEO: Hiroshi Otsuka, “Musashi”) has agreed to collaborate with ARC Ride (Headquarters: Nairobi, Kenya; CEO: Jo Hurst-Croft, “ARC Ride”) to co-develop electric 3-wheelers with Musashi’s EV drive unit for marketing into the African market.
▲Signing ceremony held in Kenya
(Left: Jo Hurst-Croft Center: Kipchumba Murkomen, Minister Roads and Transport, Kenya Right: Hiroshi Otsuka)

On Monday, January 23, 2023, Musashi CEO Hiroshi Otsuka and ARC Ride CEO Jo Hurst-Croft attended a signing ceremony and agreed to collaborate on the development of electric 3-wheelers. The signing ceremony was held in the presence of Kipchumba Murkomen.
[Musashi and ARC Ride's collaboration to date]
Musashi and ARC Ride have been strategically collaborating since November 2021 to promote the introduction of new e-mobility technologies in Africa.
Most recently, the companies have released that electric 2-wheelers equipped with Musashi’s EV drive units will be available in the East African market, particularly Kenya, starting in September 2023.

Similar to the 2-wheelers business, Musashi will strategically collaborate with ARC Ride on parts development, design, and data business for electric 3-wheelers, with the aim of developing and marketing them in the East African market.


【About ARC Ride】
ARC Ride is a leading African EV company with an assembly plant in Nairobi, Kenya. It has created an EV ecosystem that supports the transition to clean energy mobility systems. ARC Ride designs, builds and assembles Electric 2 wheelers and 3 wheelers as well as a proprietary battery swapping and management platform. ARC Ride enables existing first and last mile transport solutions to go electric and empower a new generation of commuters to embrace personal E-mobility. We are at the forefront of the E-mobility revolution sweeping across Africa.
ARC Ride Website: :http://arcrideglobal.com


【About Musashi】
Musashi Seimitsu Industry Co., Ltd. is a global auto parts Tier1 company for automobiles and motorcycles, whose headquarters is located in Toyohashi, Japan. It has 35 manufacturing sites spreading across Europe, North and South America, China, and South East Asia. Musashi specializes in designing, developing and manufacturing products such as Differential Assemblies, Transmission Gears and Assemblies, and Linkage and Suspension (L&S) products especially for the future automobiles including electric and autonomous vehicles. Musashi is also generating and expanding new businesses through open innovation with global startups to contribute to the SDGs in wider business domains. Musashi AI, a leading-edge AI technology subsidiary to lead Industry 4.0, is one of the examples.
Musashi Web Site: http://www.musashi.co.jp/en/