Last mentioned: Feb 24, 2026
$50M Funding Round
Afreximbank leads a $50 million investment to accelerate infrastructure growth.
Swap Milestone
Spiro reaches 10 million battery swaps across its growing network.
Regional Expansion
Operations expand into Rwanda and Kenya to capture East African markets.
Spiro Launch
Company launches electric motorcycle operations in Benin and Togo.
Spiro, Africa's leading electric motorcycle manufacturer and infrastructure provider, has raised $50 million in a new funding round led by Afreximbank. The capital will accelerate the expansion of its battery-swapping network across the continent, targeting a transition from internal combustion engines to sustainable mobility for millions of riders.
Spiro, a leading African electric vehicle company, has raised $50 million in a funding round led by Afreximbank to scale its battery-swapping network. The capital injection aims to address infrastructure gaps and accelerate the transition to sustainable urban mobility across the continent.
African electric vehicle startup Spiro has raised $50 million in a funding round led by Afreximbank to accelerate the rollout of its battery-swapping network. The capital will support the expansion of green mobility solutions across the continent, specifically targeting the high-growth electric two-wheeler market.