US EditionSpiro raises $100M, the largest-ever investment in Africa's e-mobility
Spiro plans to deploy 100,000 electric bikes by 2025, helping riders save up to $3 daily on fuel and maintenance through its battery-swapping network, Africa’s largest EV investment.
- Recently, Dubai-headquartered Spiro announced a US $100 million funding round led by The Fund for Export Development in Africa , marking the continent's largest-ever investment in two-wheel electric transport.
- By unbundling the battery from the motorcycle, Spiro operates an energy-as-a-service network that owns battery-swapping stations and charges per swap, reducing rider downtime.
- With over 60,000 electric motorcycles, Spiro reports more than 1,200 swap stations and 800 million km of low-carbon travel, says the company.
- Spiro says it will use the capital to launch pilots in Cameroon and Tanzania while strengthening technology and operations, expanding its battery-swapping infrastructure and manufacturing capacity.
- Scaling to 100,000 deployed vehicles by the end of 2025, Spiro expects to expand local jobs and increase regional manufacturing in Africa, with riders saving up to $3 daily.
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Spiro Raises $100 Million in Africa’s Largest-Ever Investment in Electric Mobility - CleanTechnica
Spiro expects to surpass 100,000 deployed electric motorcycles within 2025 — a 400% year-over-year jump. Before this latest round, Spiro had secured more than $180 million from Equitane and Société Générale. That brings the total funding secured by Spiro so far to $280 million! We have been covering the developments ... [continued] The post Spiro Raises $100 Million in Africa’s Largest-Ever Investment in Electric Mobility appeared first on Clean…
Spiro Raises $100 Million in Africa’s Largest-Ever Investment in Electric Mobility
Spiro, the African leader in two-wheel transportation and battery swapping, today announced a landmark $100 million investment round, the largest investment in African two-wheel electric mobility ever. This includes $75 million from The Fund for Export Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank). The investment emphasizes Spiro’smission to provide affordable and accessible mobil…
Spiro raises $100 million in Africa’s largest-ever investment in electric mobility
Spiro secures $100 million in funding, the largest-ever investment in African two-wheel electric mobility The company aims to deploy over 100,000 electric vehicles by the end of 2025, marking a 400% year-over-year growth Funding will expand Spiro’s battery-swapping infrastructure across Africa, reinforcing its leadership in clean and affordable transportation Spiro has secured $100 million in […] The post Spiro raises $100 million in Africa’s la…
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