Spiro secures $215m to expand Africa’s electric mobility and battery-swapping network
NAIROBI, Kenya, June 2 – African electric mobility firm Spiro has secured a $215 million (Sh27.8 billion) equity investment to expand its electric vehicle Kenya breaking news | Kenya news today |..
✨ Key Highlights
African electric mobility firm Spiro has successfully secured a substantial $215 million (Sh27.8 billion) equity investment to significantly expand its electric vehicle operations and battery-swapping network across the continent.
- The funding aims to deploy 100,000 electric vehicles and 2,500 smart-swap stations.
- Key investors include Impact Fund Denmark and Equitane, alongside Spiro's Founder and Chairman, Gagan Gupta.
- This investment will support expansion into new markets like the Democratic Republic of Congo and Ethiopia, building on current operations in Kenya, Rwanda, Uganda, Togo, Benin, Nigeria, and Cameroon.
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Spiro secures $215m to expand Africa's electric mobility and battery-swapping network - June 2026
African electric mobility firm Spiro has successfully secured a substantial $215 million (Sh27.8 billion) equity investment to significantly expand its electric vehicle operations and battery-swapping network across the continent. Kenyan tech company Bensystems Limited has launched UrbanTok, a new social media platform centered on creator monetization, during the Connected Africa Summit 2026 in Nairobi. Ride-hailing platform Bolt has strongly refuted claims circulating on social media about its alleged exit from Kenya next week, labeling the reports as false and malicious.
