Spiro raises $100M, the largest-ever investment in Africa’s e-mobility, fueling massive expansion across the continent.
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Spiro Secures $100M for Africa’s EV Future
Spiro Raises $100M, the Largest-Ever Investment in Africa’s E-Mobility Africa’s electric mobility revolution just hit a new milestone as Spiro raises $100M, the largest-ever investment in Africa’s e-mobility sector. The Dubai-headquartered company, known for its electric motorbikes and battery-swapping network, is rewriting Africa’s EV story—one ride at a time. Image Credits:Spiro Breaking Records in Africa’s EV Market The $100 million funding round, led by The Fund for Export Development in Africa (FEDA) — the investment arm of Afreximbank — marks a turning point for sustainable transport in the region. This is Africa’s biggest e-mobility investment to date, signaling growing confidence in the continent’s transition to clean, affordable transportation. According to Spiro, the funds will accelerate its expansion plans, helping the company deploy over 100,000 electric bikes by the end of 2025 . That’s a remarkable 400% year-over-year growth — a clear indicator that Spiro is not just competin…
