African electric mobility company Spiro has secured $215 million in equity funding to accelerate the expansion of its electric motorcycle and battery-swapping network across Africa. The investment marks a significant milestone for the company and reflects growing investor confidence in sustainable transportation solutions across emerging markets.
The newly raised capital will be used to strengthen Spiro’s battery-swapping infrastructure, expand manufacturing and assembly capabilities, and support the rollout of advanced mobility technologies. The company aims to increase access to affordable and clean transportation while meeting the growing demand for electric mobility across the continent.
Spiro currently operates in several African countries, including Kenya, Rwanda, Uganda, Togo, Benin, Nigeria, and Cameroon. Over the past few years, the company has established itself as one of Africa’s leading electric mobility providers through its extensive network of battery-swapping stations and electric motorcycle deployments.
According to the company, more than 100,000 electric motorcycles have been deployed across its operating markets, supported by over 2,500 battery-swapping stations. This infrastructure allows riders to quickly exchange depleted batteries for fully charged ones, reducing downtime and improving operational efficiency.
As part of its next phase of growth, Spiro plans to expand into additional high-potential markets such as the Democratic Republic of Congo and Ethiopia. The company believes increasing urbanization, rising fuel prices, and growing environmental awareness will continue to drive demand for electric transportation solutions throughout Africa.
In addition to expanding its mobility network, Spiro is investing in local manufacturing, battery recycling, and clean energy initiatives. With the new $215 million funding, the company is well-positioned to accelerate Africa’s transition toward sustainable mobility while strengthening the continent’s electric transportation ecosystem.
