In an exclusive interview with IGIHE, Spiro Rwanda Managing Director Amit Chawla discussed the company’s growth, Rwanda’s role in its expansion strategy, and the rising demand for electric motorcycles following the government’s push toward cleaner transport.
Spiro recently received the Local Impact Champion Award at the Africa CEO Forum, an accolade Chawla said reflects Spiro’s growing influence on livelihoods and the wider adoption of electric mobility in Africa.
“We are very honoured and humbled to have received this award,” he said. “It means Spiro as an organisation has been able to touch the livelihoods of people, and electric mobility is getting its roots on the ground.”

$215 million investment to scale across Africa
Spiro recently secured $215 million in funding backed by international investors, one of the largest investments in Africa’s electric vehicle sector. Chawla said the capital will accelerate expansion across multiple markets, with Rwanda remaining a key hub.
“Rwanda is a very strategic place to be in,” he noted, adding that the country will receive a significant share of the investment to expand assembling facilities, energy infrastructure, and operations.
While the funding will support the wider group across Africa, he emphasised Rwanda’s importance in Spiro’s long-term growth plans.

Rwanda at the centre of EV expansion
Spiro has operated in Rwanda for about three years, during which it has become one of the leading electric motorcycle and battery-swapping providers in the country.
Chawla said the company currently has around 25,000 electric motorcycles on the road and approximately 350 active battery swapping stations, with rapid expansion underway.
“The demand has outpaced supply, especially after recent developments,” he said. “We are actively adding 50 to 60 new swap stations every month.”
The company plans to expand its network beyond Kigali into all 30 districts, supported by ongoing investment in energy infrastructure and logistics systems.

Rider savings driving adoption
A major driver of adoption, Chawla explained, is cost savings for riders.
He said electric motorcycles are significantly cheaper to operate compared to fuel-powered alternatives.
“A Spiro bike costs around 1 million Rwandan francs compared to 2.2 to 2.5 million for a fuel bike,” he said. “On running costs, riders save close to 50 percent daily.”
He added that one electric charge can cover about 80 kilometres, compared to roughly 40 kilometres for fuel usage under similar conditions.

Spiro’s model is centred on energy infrastructure rather than traditional vehicle sales.
“The real business revolves around the energy infrastructure,” Chawla explained. “Customers swap drained batteries for fully charged ones, and we generate revenue through swapping.”
He noted that each battery is used for nearly 20 hours a day, making the system highly efficient and scalable.

Manufacturing, jobs, and local skills development
Spiro also operates a facility in Rwanda’s Special Economic Zone in Masoro, focused on assembly and workforce training.
Chawla said the company is currently assembling motorcycles locally while importing components from Asia, but is gradually moving toward deeper local manufacturing.
“We are training 225 young Rwandan engineers and technicians with the goal of moving toward local component manufacturing,” he said.
Across its operations, Spiro employs more than 1,650 people, with women making up 38 percent of the workforce, a figure the company aims to increase to 45 percent.
Chawla estimated that Spiro currently holds between 15 and 25 percent of the market, noting that the sector remains capital-intensive.
He also acknowledged that demand growth has created operational pressure.
“Demand has really outpaced our expectations,” he said. “We are blessed to be in this position.”

Safety, reliability, and infrastructure
Responding to concerns about reliability and safety, Chawla said electric mobility is still an emerging sector requiring user education and training.
He maintained that Spiro’s bikes undergo rigorous testing and highlighted the importance of rider training and safety as electric mobility adoption grows.
On operational challenges, he acknowledged occasional delays at swapping stations during peak hours but said expansion is underway to ease congestion.
“We are opening new stations aggressively and working with partners to increase electricity capacity for charging,” he said.

Government policy and market growth
Chawla credited Rwanda’s policy environment for enabling rapid growth in the sector, particularly the government’s decision to halt new registrations of fuel motorcycles from January 2025.
He said such policies have accelerated adoption and strengthened investor confidence.
Beyond Rwanda, Spiro is expanding into markets such as the Democratic Republic of Congo and Ethiopia. Chawla said Rwanda will continue to play a key role as both a market and operational base.
“Spiro Rwanda is more than willing to support neighbouring countries with knowledge, operations, and best practices,” he said.
Looking ahead, Chawla said success for Spiro would mean tens of thousands more electric motorcycles on the road, expanded infrastructure, and wider access to clean, affordable transport across Africa.
“Electric mobility will become embedded in every part of transportation,” he said.
Watch the full interview below:































