EV Startup Spiro Secures $50 Million to Scale Its Operations in Africa
- Spiro secured $50 million in debt financing to scale its operations.
- The funding comes from a consortium including Afreximbank, Nithio, and Africa Go Green Fund.
- Spiro plans to refine its energy network across markets like Kenya, Nigeria, and Rwanda.
The recent funding for Spiro highlights a significant turning point in the e-mobility sector in Africa, suggesting that investors are increasingly confident in the potential for sustainable transportation solutions. This could lead to a transformative impact on urban mobility and energy consumption across the continent, making it a critical area for further investment and innovation.
