Musashi Announces an Investment in ARC Ride

  1. TOP
  2. News Release
  3. Musashi Announces an Investment in ARC Ride
Musashi Seimitsu Industry Co., Ltd. (Global Headquarters: Toyohashi-city, Aichi, Japan; President and CEO: Hiroshi Otsuka, “Musashi”) has made a strategic investment in ARC Ride (Headquarters: Nairobi, Kenya; CEO: Jo Hurst-Croft, “ARC Ride”). Musashi and ARC Ride are collaborating to promote the adoption of new E-mobility technologies in East Africa.
Musashi and ARC Ride has also set up an R&D partnership, where Musashi will not only deliver ARC Ride its electric power train unit (which includes a motor and a PCU), but also work together with ARC Ride in order to design the next generation parts exclusively for electric two and three wheel vehicles in East Africa, as well as promoting the data business. ARC Ride facilitates an assembly plant in Nairobi, and aims to electrify the two and three wheel vehicles market in Kenya initially, while expanding to other countries in East Africa as well.

Musashi will promote the development of e-mobility in East Africa, as well as contributing to the realization of a prosperous global community, where people and environment are in harmony. Musashi also seeks to enhance its strategy towards carbon neutrality by way of partnering with ARC Ride.

【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.

【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.