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Originally published by The Kenyan Wall Streetbusiness
October 21, 2025
1d ago
Spiro Raises US$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..
✨ Key Highlights
Spiro, a leader in electric two-wheel transportation, has secured a landmark $100 million investment, the largest such investment in African electric mobility. This significant funding will propel the expansion of its battery-swapping infrastructure across the continent, reinforcing its commitment to sustainable and affordable transportation.
- The investment round was led by The Fund for Export Development in Africa (FEDA), the impact investment arm of Afreximbank, contributing US$75 million.
- Spiro aims to surpass 100,000 deployed vehicles by the end of 2025, a 400% year-over-year increase.
- The company currently operates Africa's largest and fastest-growing battery-swapping infrastructure in six African countries, including Kenya, Uganda, and Nigeria, with pilot programs in Tanzania and Cameroon.
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