Spiro raises $100M, the largest-ever investment in Africa’s e-mobility

Spiro, a Dubai-based company, has raised $100 million in what is considered the largest-ever investment in Africa's e-mobility sector. The company's focus is on developing e-motorbikes and a battery swapping network tailored to the unique needs of the African market. The investment, led by global venture capital firms, will enable Spiro to accelerate its expansion across Africa, where the demand for affordable and sustainable transportation solutions is high. The company's e-motorbikes are designed to navigate the region's challenging terrain and infrastructure, offering a viable alternative to traditional internal combustion vehicles. Spiro's battery swapping network aims to address the challenges of electric vehicle adoption in Africa, providing a convenient and efficient way for users to access charged batteries, reducing the need for lengthy charging times. The company's innovative approach has garnered significant interest from investors and is seen as a promising step towards the development of a sustainable mobility ecosystem in the continent.