Spiro Secures $215 Million in Funding to Expand Electric Mobility in Africa
The electric mobility platform Spiro has announced a $215 million funding round to strengthen its deployment of electric motorcycles and battery swapping stations across several African markets. This information has been confirmed by multiple sources.
Key Investors and Context
This operation is supported by institutional investors, including Impact Fund Denmark and Equitane, in a context of significant growth in energy transition financing in Africa. Founded in 2022 under the name M-Auto, the company is now present in several African countries, including Togo, Benin, Kenya, Rwanda, Uganda, Nigeria, and Cameroon. It claims to have over 100,000 electric vehicles and approximately 2,500 battery swapping stations.
Recent Financing and Growth
This new funding round adds to several recent financings, including $63 million in 2023 and $100 million in 2025, confirming Spiro's growing presence in the electric mobility sector. Although the amount is significant, it is more accurate to consider this operation as one of the largest funding rounds in the African electric mobility sector.
