EV Startup Spiro Raises $215 Million to Wire Africa for Electric Mobility
- Spiro secured a $215 million equity raise backed by Impact Fund Denmark and Equitane.
- The company has deployed over 100,000 electric vehicles and 2,500 smart-swap stations across seven markets.
- Operating a Spiro electric motorcycle can cut daily mobility costs by up to 40%.
TechTrendsKE - Jun 2, 2026
Spiro Raises $215 Million as Investors Double Down on African EV Infrastructure
Electric mobility company Spiro has raised $215 million in equity financing to expand its operations
Spiro's innovative approach to urban transport in Africa not only addresses the pressing need for cleaner mobility solutions but also presents a scalable model that could redefine energy distribution in the region. However, the success of the battery-swap model in diverse regulatory environments remains a critical factor for its long-term viability.
