Kampala, Uganda — African electric mobility company Spiro has secured a landmark $215 million equity investment to accelerate the expansion of its electric vehicle (EV) and battery-swapping infrastructure across the continent, positioning the company among Africa’s leading clean energy and transport platforms. The funding round attracted support from major institutional investors, including Impact Fund Denmark…
Spiro acquired UK-based engineering firm Coexlion for an undisclosed sum as the electric motorcycle company moves to build its first African research and development centre in Nairobi. The deal gives Spiro in-house capacity to design, test and improve electric motorcycles for African roads, rider habits and commercial use. Coexlion has worked with companies including Triumph,…
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…
Africa’s electric mobility leader and battery swapping pioneer, Spiro has announced the raising of $50 million in debt funding from Afreximbank and two new investors Nithio and Africa Go Green Fund managed by Cygnum Capital. The new funding follows Spiro’s landmark $100 million investment in October 2025, which became Africa’s largest-ever electric mobility investment. The…
