Transport and energy infrastructure
Spiro’s network combines electric motorcycles, replaceable batteries, maintenance and local assembly. It reported 100,000 motorcycles and 2,500 swap stations across seven markets, with manufacturing plants in Kenya, Rwanda and Uganda and a battery recycling facility in Nigeria.
Expanding the industrial footprint
Impact Fund Denmark and Equitane were named among backers of the $215 million equity financing. Spiro will expand its swapping network, production capacity and technology, with plans to enter the Democratic Republic of Congo and Ethiopia.