An electric mobility startup operating in Africa, focusing on battery-swapping models and sustainable transport solutions.
African Startups Raised $272 Million in February 2026
Forty startups across Africa raised more than $272 million in funding in February 2026. The February total represents an increase from $174 million raised in January 2026.
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).
After big rounds, Francophone Africa investors want ecosystem depth in 2026
Francophone African startups raised at least $450 million in 2025, primarily in fintech, mobility, and climate-linked services. Over 500 investors backed startups with ticket sizes of at least $100,000, indicating rising deal counts and investor participation.
