Spiro raises $100 million to power Africa’s electric mobility ambitions
- Lagos announced a €410 million electric ferry project to electrify its waterways.
- Spiro raised $100 million, marking the largest investment in Africa's e-mobility sector.
- Spiro plans to deploy over 100,000 electric bikes across Africa by the end of 2025.
The rapid growth of the clean mobility sector in Africa, particularly through innovative solutions like Spiro's battery-swapping model, presents a promising opportunity for sustainable transportation. However, the challenge remains in scaling operations while maintaining affordability and accessibility for riders across diverse economic backgrounds.
