Africa: Spiro Raises $50m to Expand Electric Motorcycle Network Across Africa
Kenya-based electric mobility company Spiro has secured $50 million in new funding to expand its battery-swapping network and electric two-wheeler operations across Africa. The round includes debt financing from Afreximbank and participation from Nithio and Africa Go Green Fund, managed by Cygnum Capital. It follows a $100 million raise announced last year. Spiro operates assembly…