African electric mobility company Spiro has secured a landmark $215 million investment round to accelerate the expansion of its electric vehicle (EV) and battery-swapping infrastructure across the continent.
The funding, backed by major institutional investors including Impact Fund Denmark and Equitane, positions Spiro among Africa’s leading clean infrastructure platforms. The company plans to use the capital to expand its battery-swapping network, strengthen its manufacturing footprint, advance technology development, and enter new high-growth markets.
Already operating in seven African countries—Kenya, Rwanda, Uganda, Togo, Benin, Nigeria, and Cameroon—Spiro is now preparing for further expansion into markets such as the Democratic Republic of Congo and Ethiopia.
Gagan Gupta, Founder of Spiro and Chairman of Equitane
Growing Confidence in Africa’s EV Market
