Spiro, an e-mobility firm, has secured an unprecedented $100 million (Sh12.8 billion) investment round, marking Africa's largest-ever funding in two-wheel electric mobility. This significant capital injection will fuel the expansion of its battery-swapping infrastructure and technology platform across existing and new markets, aiming to exceed 100,000 deployed vehicles by late 2025.

• The investment includes $75 million (Sh9.6 billion) from The Fund for Export Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank).
• Spiro CEO Kaushik Burman stated that this investment underscores a shared vision to build a pan-African battery-swapping infrastructure, empowering riders with sustainable energy and mobility.
• Spiro currently operates Africa's fastest-growing battery swapping infrastructure in six African countries, including Kenya, Uganda, and Nigeria, with pilot programs recently launched in Tanzania and Cameroon.