Spiro Secures Fresh $55M From Chinese Investor NewTrails Capital for African EV Expansion

Spiro Raises Additional $55 Million Funding

Spiro has closed a funding round totalling $270 million, including a newly finalised $55 million investment from NewTrails Capital, a... Source

Spiro closes $270 million round with additional backing from NewTrails Capital

Dubai-based Spiro has for four years been building infrastructure to support Africa’s transition to electric mobility. The company manufactures, finances and sells three ... The post Spiro closes $270 million round with additional backing from NewTrails Capital appeared first on ImpactAlpha.

Spiro Secures $55M Additional Backing from Chinese Investor NewTrails Capital

Spiro, one of Africa’s leading electric motorcycle and battery-swapping companies has secured an additional $55 million equity investment from NewTrails Capital, a Chinese growth-stage investment fund with strategic locations in Shanghai, Shenzhen and Nigeria. The fresh capital brings the funding round Spiro announced earlier this month to $270 million, following a record $215 million equity … The post Spiro Secures $55M Additional Backing from …

Spiro raises Sh7bn to expand e-motorbike production, battery-swapping

The electric motorcycle company plans to deepen local manufacturing and expand its battery-swapping network across new African markets.

Spiro Secures $55M Investment from China’s NewTrails, Nears $1B Valuation

Spiro, an electric motorcycle company, has received a $55 million investment from Chinese firm NewTrails Capital, bringing it closer to achieving a billion-dollar valuation. The investment is intended to fuel the expansion of Spiro's battery-swapping network, manufacturing capabilities, and energy infrastructure in the markets it currently serves. Founded in 2022 and headquartered in Dubai, Spiro has quickly grown into one of Africa's leading st…

Spiro Gains $55M Investment From NewTrails to Grow Africa’s EV Ecosystem

Spiro, Africa’s leading electric vehicle (EV) and clean energy infrastructure platform, today announced the successful closing of its latest funding round at $270 million. This milestone follows a newly finalized $55 million investment from NewTrails Capital, a prominent Chinese growth-stage investment fund focusing on emerging markets with strategic locations in Shanghai, Shenzhen and Nigeria. This capital injection positions the company among …