Spiro eyes 10x revenue jump to $200millon in 2025
- Spiro projects $200 million in revenue for 2025, a tenfold increase from 2024's $20 million.
- The company's growth is linked to its pay-as-you-swap model, charging daily for battery exchanges.
- Spiro plans to scale production from 1,000 to 100,000 units annually with a new assembly plant in Ogun State, Nigeria.
Spiro's ambitious growth strategy and focus on sustainable transport solutions position it well within the burgeoning electric mobility market in Africa. However, the challenge remains in maintaining operational efficiency and scaling production to meet the projected demand, especially in light of the high percentage of scrapped petrol bikes.
