Spiro has closed a $270 million round, with fresh Chinese backing, to scale its electric motorcycles and battery-swapping network across Africa.
AFRICA · BUSINESS
Key Facts
—The round: Spiro has closed a $270 million raise to scale its electric motorcycles and battery-swapping network across Africa.
—Chinese backing: A fresh $55 million came from NewTrails Capital, a Shanghai- and Shenzhen-based fund, topping up $215 million announced earlier in June.
—On the ground: Spiro runs more than 100,000 electric motorcycles and 2,500 battery-swap stations across seven African markets.
Spiro has raised $215 million in equity funding as it pushes deeper into a capital-intensive race to electrify urban transport.
The electric motorcycle company plans to deepen local manufacturing and expand its battery-swapping network across new African…
Spiro has secured an additional $55 million equity investment from Chinese early-stage investor NewTrails Capital, bringing a…
Spiro has taken $55M from Chinese investor NewTrails Capital, lifting its disclosed funding past $550M as it nears a $1bn…
With the new funding, Spiro plans to expand local production capabilities across vehicle manufacturing, battery-swapping…
Spiro earns most of its revenue from electric bikes, but batteries, swap stationsaenergy infrastructure are central to its…
