Spiro has raised $100 million to grow its electric mobility operations in Africa.
This represents the largest single investment ever for the continent's e-mobility sector.
The funding will help the company expand its network of electric vehicles and supporting infrastructure.
Spiro's platform provides customers with electric motorcycles. It also operates a network of automated battery swapping stations. This system allows riders to quickly exchange a depleted battery for a fully charged one in minutes. This process eliminates the long wait times associated with traditional EV charging. The company's model makes electric transport more accessible and practical. It addresses the challenge of limited charging infrastructure in many regions.
By offering a cleaner and more affordable alternative to gasoline motorcycles, Spiro supports a transition to sustainable transportation.
