A Kenyan e-mobility startup focused on electric motorcycles and battery-swapping technology.
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.
EV Startups Spiro and ARC Ride Raise New Capital As Electric Motorcycles Sees Growth
Spiro secured a $7 million senior debt facility from climate fintech Nithio. ARC Ride is attracting a $5 million equity investment from the International Finance Corporation (IFC).
Arc Ride Secures $10 Million in Funding to Expand Electric Motorcycle Battery-Swapping Network Across Kenya
Arc Ride secured $10 million in debt financing from Mirova to expand its battery-swapping network. This investment marks Mirova's first entry into Africa's electric vehicle sector.
Kenyan EV startup Arc Ride secures $10M boost from French investor
Arc Ride secures $10 million in debt financing from Mirova to scale its battery-swapping network for electric motorcycles. Mirova's investment is the first from its Gigaton Fund into Africa's EV sector, indicating confidence in the continent's growing two-wheeler market.
