Spiro raises $215 million to expand electric motorcycle network across Africa

Spiro, an electric motorcycle operator, has secured $215 million in funding to deepen its presence in African markets, according to Tekedia. The company has also gained recognition from the New York Stock Exchange. The capital will support the rollout of battery swapping infrastructure and vehicle deployment across the continent.

Why it matters: The funding signals growing investor confidence in African two and three wheeler electrification and the battery swap model. Procurement teams and charge point operators may see increased demand for compatible charging and swap infrastructure as Spiro scales its network.