Spiro has secured $100 million in funding, marking the largest-ever investment in Africa’s two-wheel electric mobility sector.
The company aims to deploy over 100,000 electric vehicles by the end of 2025 — a 400% year-over-year growth — while expanding its battery-swapping infrastructure across the continent to reinforce its leadership in clean and affordable transportation.
The $100 million investment round, led by the Fund for Export Development in Africa (FEDA), recognizes Spiro’s leadership in Africa’s mobility industry and highlights its advanced two-wheel battery-swapping infrastructure.