Spiro Africa Raises $100M to Drive E-Mobility Growth in Africa

Spiro Africa, a leading two-wheel transport battery swap company, raises $100 million to enhance access to affordable and clean energy urban transport in Africa. The investment, the largest ever in Africa's two-wheel electric transport sector, includes $75 million from Afreximbank's development impact investment arm.

Spiro plans to deploy over 100,000 vehicles by 2025, strengthening its position as a global battery swap provider. The investment underscores a shared vision to build a pan-African battery swap infrastructure and empower riders with sustainable energy mobility.