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# [AFRICA] Spiro Raises $215 Million to Electrify African Mobility at Scale
- URL: https://businessoi.media/en/afrique-spiro-leve-215-millions-de-dollars-pour-electrifier-la-mobilite-africaine-a-grande-echelle-en/
- Published: 2026-08-03T02:48:28.000Z
- Updated: 2026-08-03T02:48:28.000Z
- Description: Spiro raises $215M in equity in June 2026 (+ $150M in debt since Oct. 2025) to deploy electric motorcycles and battery stations across 7 African countries. 70,000 units sold in 2025.
- Author: Emmanuel TAOCHY
- Tags: Afrique, Tech, Startup, Investissement, Revue matinale, #en

African electric mobility company **Spiro** closed a **$215 million equity raise**, announced in early June 2026, with investors including Impact Fund Denmark and Equitane. This adds to a $50 million debt facility secured in February 2026 and $100 million from Afreximbank in October 2025\. In total, the company has mobilised more than $365 million within one year.

## 100,000 Vehicles and 2,500 Battery Stations

Spiro operates in **seven African countries**, with a particularly strong presence in Kenya and Uganda. Its model is built around **electric motorcycles paired with battery-swapping infrastructure** — riders exchange a depleted battery for a charged one in seconds, with no waiting time for recharging.

The company reports the deployment of 100,000 electric vehicles and 2,500 smart battery-swapping stations, allowing users to collectively cover «over one billion emission-free kilometres.» 6,000 direct and indirect jobs have been created.

## A Market Exploding

The backdrop is favourable. Electric two-wheelers are the fastest-growing segment of the African EV market: from barely 1,000 units sold in 2020, the market reached approximately **70,000 units in 2025**. Uganda recorded 30,000+ electric two-wheeler sales in 2025, and Kenya surpassed 25,000 units — triple the prior year — representing 15% of all new motorcycle registrations in the country.

## Why It Matters

For East Africa and the Indian Ocean, Spiro represents more than a tech success story: it is proof that a business model designed for African realities — low disposable income, unreliable electrical infrastructure, intensive mobility needs — can attract capital at scale. As Mauritius seeks to become a fintech hub and Madagascar aims to add value to its minerals, the rise of green mobility companies illustrates the emergence of an African capitalism of the energy transition.