Spiro raises $50M to boost electric mobility network across Africa

The company, which raised a record $100 million in 2025, plans to scale its automated battery‑swap technology.

Spiro has secured $50 million in new debt funding to accelerate the rollout of its battery‑swapping and electric mobility infrastructure across Africa. The round includes Afreximbank, along with new investors Nithio and the Africa Go Green Fund.

The company, which raised a record $100 million in 2025, plans to scale its automated battery‑swap technology, expand charging capacity and deepen renewable‑energy integration.

Spiro now operates in six countries and has deployed over 80,000 electric motorcycles, supported by 2,500 battery‑swapping stations and 30 million completed swaps, enabling more than one billion CO₂‑free kilometres.

CEO Kaushik Burman said growing demand for clean, reliable transport is reshaping mobility on the continent, while founder Gagan Gupta highlighted the company’s role in building “Made‑in‑Africa” climate infrastructure.

Investors described the company as one of Africa’s most significant e‑mobility platforms, citing both its commercial viability and environmental impact.