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.

African electric mobility company Spiro has raised $215 million in equity financing to expand its battery-swapping and electric vehicle infrastructure 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.