An electric mobility startup operating in Africa, focusing on battery-swapping models and sustainable transport solutions.
African Startup Funding Holds Steady as Investors Back Fewer, More Established Companies
African startups raised an estimated $1.3 billion to $1.4 billion in H1 2026. Only 146 funding deals were completed in the first half of 2026, down from 252 in the same period in 2025.
$1.44 billion raised in the first half of 2026
African startups raised $1.44 billion in H1 2026, a slight increase from $1.42 billion in H1 2025. Only 146 disclosed deals occurred in H1 2026, down from 252 in H1 2025, but with larger funding rounds.
Spiro Secures $55M Additional Backing from Chinese Investor NewTrails Capital
Spiro secured an additional $55 million equity investment from NewTrails Capital. The total funding raised by Spiro now stands at approximately $557 million.
Spiro secures another $55 million three weeks after $215 million raise
Spiro secured an additional $55 million equity investment from NewTrails Capital. The total funding raised by Spiro now stands at $557 million.
Why Africa’s electric mobility is no longer a venture bet
Startups in the African electric mobility sector have raised over $1.28 billion across 129 deals since 2019. A third of the capital now comes as debt, indicating a shift towards infrastructure financing.
