{"id":54850,"date":"2025-07-11T17:07:15","date_gmt":"2025-07-11T17:07:15","guid":{"rendered":"https:\/\/new.igihe.com\/african-e-mobility-pioneer-spiro-tapped-for-climate-finance-initiative\/"},"modified":"2025-07-11T16:34:25","modified_gmt":"2025-07-11T16:34:25","slug":"african-e-mobility-pioneer-spiro-tapped-for-climate-finance-initiative","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/african-e-mobility-pioneer-spiro-tapped-for-climate-finance-initiative\/","title":{"rendered":"African e-mobility pioneer Spiro tapped for climate finance initiative"},"content":{"rendered":"

The initiative, led by the Climate High-Level Champions, aims to mobilise capital for climate ventures in developing countries and emerging markets.<\/p>\n

Spiro\u2019s inclusion in the RPCP Pipeline recognises its role as a key climate leader, delivering innovative, high-impact solutions that accelerate Africa\u2019s shift to a low-carbon, sustainable future in line with the United Nations Sustainable Development Goals (SDGs).<\/p>\n

Founded in 2022, Spiro operates a vertically integrated platform that scales electric two-wheel mobility across eight African countries, including Rwanda, Benin, Togo, Nigeria, Kenya, Uganda, Cameroon, and Tanzania. <\/p>\n

Its business model includes electric bike sales via distribution partners and financiers, battery-as-a-service subscriptions through an expanding swap station network, after-sales maintenance and spare parts services, and data monetisation via licensing and analytics.<\/p>\n

To date, Spiro has deployed more than 35,000 electric motorbikes and facilitated over 20 million battery swaps, enabling upwards of 500 million kilometres of CO\u2082-free travel and reducing approximately 30,000 tons of carbon emissions. <\/p>\n

Beyond environmental benefits, the company has created over 1,000 direct and indirect jobs in Kenya, Uganda, Rwanda, and Nigeria, with women making up more than 40% of its workforce. <\/p>\n

Spiro\u2019s Academy also plays a crucial role in training local talent and supporting their transition into medium- and high-skilled employment.<\/p>\n

Financially, Spiro generated USD 23 million in revenue in 2024 and projects a tenfold increase to USD 200 million in 2025. To fuel its expansion, the company is raising USD 50 million in Series A funding, complementing the USD 120 million in equity and USD 23 million in debt financing already secured.<\/p>\n

Participation in the RPCP Pipeline will provide Spiro with increased visibility at key climate-focused events, opportunities to be featured in curated publications by the Climate Champions Team and partners, and access to a global network of climate stakeholders to foster collaboration and amplify impact.<\/p>\n

Spiro, with over half a billion kilometres of CO\u2082-free travel achieved, aims to transform African economies by replacing costly fossil fuel-based transportation with affordable, locally manufactured electric mobility solutions.<\/p>\n

\"Founded<\/figure>\n","protected":false},"excerpt":{"rendered":"

Spiro, a leading Pan-African electric mobility company driving sustainable transportation across Africa, has been selected for the prestigious 2025 Regional Platforms for Climate Projects (RPCP) Pipeline. <\/p>\n","protected":false},"author":131,"featured_media":2000090747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[75],"byline":[192],"hashtag":[],"class_list":["post-54850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-62","tag-homenews","byline-wycliffe-nyamasege"],"bylines":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","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":131}],"contributors":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","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":131}],"featured_image":{"id":2000090747,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/504932638_17953166369967147_3631579696000996657_nlogo.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/504932638_17953166369967147_3631579696000996657_nlogo.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/504932638_17953166369967147_3631579696000996657_nlogo.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/504932638_17953166369967147_3631579696000996657_nlogo.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/504932638_17953166369967147_3631579696000996657_nlogo.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/504932638_17953166369967147_3631579696000996657_nlogo.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/54850","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\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=54850"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/54850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000090747"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=54850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=54850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=54850"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=54850"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=54850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}