Debt extension · Mobility
Spiro adds $18m in debt from Africa Go Green Fund
The additional commitment will expand motorcycles and battery swapping in Uganda and Rwanda.
Africa Go Green Fund announced an additional $18 million commitment to Spiro on September 21, bringing the fund’s total financing commitment to $36 million. The extension builds on an existing debt facility.
Spiro will deploy more electric motorcycles and expand its battery-swapping network in Uganda and Rwanda. Managed by Cygnum Capital, Africa Go Green provides debt for businesses and projects that reduce greenhouse-gas emissions.
Use of funds
Motorcycle deployments in Uganda and Rwanda
Battery-swapping expansion
Funding history
Debt extension · This round$18M