{"id":2000103143,"date":"2026-02-24T17:05:00","date_gmt":"2026-02-24T15:05:00","guid":{"rendered":"https:\/\/new.igihe.com\/?p=2000103143"},"modified":"2026-02-24T16:35:55","modified_gmt":"2026-02-24T14:35:55","slug":"spiro-raises-50-million-as-demand-for-battery-swapping-infrastructure-electric-vehicles-surges-across-africa","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/spiro-raises-50-million-as-demand-for-battery-swapping-infrastructure-electric-vehicles-surges-across-africa\/","title":{"rendered":"Spiro raises $50 million as demand for battery swapping infrastructure, electric vehicles surges across Africa"},"content":{"rendered":"\n

The new capital will support the continued expansion of Spiro’s industry-leading battery swapping network across existing and new markets, while further advancing the company\u2019s proprietary technology platform, including automated battery swaps, fast charging, and renewable energy integration.<\/p>\n\n\n\n

\u201cDemand for Spiro\u2019s innovative, industry-leading battery swapping infrastructure continues to grow and is reshaping mobility in Africa by providing reliable, clean transportation options across the continent,\u201d said Kaushik Burman, CEO of Spiro.<\/p>\n\n\n\n

\u201cWith strong financial backing and cutting-edge technology, Spiro is leading Africa’s transition to sustainable mobility. This new funding reinforces our vision of building a robust, scalable energy network tailored for Africa by Africans.\u201d<\/p>\n\n\n\n

\u201cSpiro\u2019s growth exemplifies the power of Made-in-Africa, for-Africa solutions,\u201d said Gagan Gupta, Founder of Spiro. \u201cBy combining local insights with global best practices, we are creating a resilient, green energy ecosystem that supports economic development and climate goals. This funding empowers us to bring affordable clean energy and mobility to millions of Africans while deploying an industry leading energy infrastructure that will contribute meaningfully to a greener future in Africa.\u201d<\/p>\n\n\n\n

Laur\u00e8ne Aigrain, Managing Director of Africa Go Green Fund highlighted that Spiro has built a strong platform that is delivering tangible impact across multiple African markets, and expressed delight at supporting the next phase of its growth as it scales critical clean mobility infrastructure.<\/p>\n\n\n\n

\u201cThis transaction reflects our commitment to backing commercially robust businesses that combine innovation with measurable environmental and social impact.\u201d<\/p>\n\n\n\n

\u201cSpiro is one of the largest and fastest-growing players in the pan-African e-mobility market,\u201d said Raghav Sachdeva, CIO of Nithio.<\/p>\n\n\n\n

\u201cThey have demonstrated that electric mobility can scale rapidly while delivering real economic value to riders and meaningful emissions reductions. We are proud to support Spiro\u2019s continued growth and see e-mobility as a critical pillar of Africa\u2019s clean energy transition.\u201d<\/p>\n\n\n\n

Spiro is operational in six countries; Kenya, Uganda, Rwanda, Nigeria, Benin and Togo, with pilots underway in Cameroon and Tanzania. To date, Spiro has deployed more than 80,000 electric bikes, circulated over 300,000 batteries, completed more than 30 million battery swaps, established over 2,500 swap stations, and enabled more than one billion CO\u2082- free kilometres travelled.<\/p>\n\n\n\n

The company remains committed to advancing the UN Sustainable Development Goals related to clean energy, sustainable cities, and climate action.<\/p>\n\n\n\n

\u201cDriving Africa\u2019s transition to electric mobility is central to how we view sustainable economic development across the continent,\u201d said Oluranti Doherty, MD, Export Development at Afreximbank. \u201cBy supporting Spiro, Afreximbank is committed to financing the future of sustainable African trade; we are promoting a green industrial value chain that keeps innovation at the forefront of a just energy transition.\u201d<\/p>\n\n\n\n

\n
\"\"
Spiro has more than 80,000 electric motorcycles.<\/figcaption><\/figure>\n\n\n\n
\"\"
The new capital will support the continued expansion of Spiro’s industry-leading battery swapping network across existing and new markets.<\/figcaption><\/figure>\n\n\n\n
\"\"
Spiro has achieved over one billion kilometres of low-carbon emissions travel.<\/figcaption><\/figure>\n<\/figure>\n","protected":false},"excerpt":{"rendered":"

Spiro, Africa\u2019s electric mobility leader and battery swapping pioneer, on Tuesday, February 24, 2026, announced the raising of $50 million in debt funding from Afreximbank and two new investors Nithio and Africa Go Green Fund managed by Cygnum Capital. The new funding follows Spiro\u2019s landmark $100 million investment in October 2025, which became Africa’s largest-ever electric mobility investment.<\/p>\n","protected":false},"author":3,"featured_media":2000103146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-2000103143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000103146,"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/02\/a.jpg","alt":"","caption":"Spiro has more than 80,000 electric motorcycles.","mime_type":"image\/jpeg","width":1000,"height":667,"sizes":{"thumbnail":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/02\/a.jpg","width":150,"height":100},"medium":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/02\/a.jpg","width":300,"height":200},"medium_large":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/02\/a.jpg","width":768,"height":512},"large":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/02\/a.jpg","width":1000,"height":667},"full":{"url":"https:\/\/new.igihe.com\/english\/wp-content\/uploads\/2026\/02\/a.jpg","width":1000,"height":667}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000103143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=2000103143"}],"version-history":[{"count":1,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000103143\/revisions"}],"predecessor-version":[{"id":2000103157,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/2000103143\/revisions\/2000103157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000103146"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=2000103143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=2000103143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=2000103143"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=2000103143"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=2000103143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}