Spiro raises $100M, the largest-ever investment in Africa’s e-mobility
- Spiro announced a $100 million investment round led by the Fund for Export Development in Africa (FEDA).
- The investment marks Africa’s largest-ever EV mobility investment.
- Spiro plans to deploy over 100,000 electric bikes across Africa by the end of 2025.
Spiro's innovative approach to electric mobility in Africa addresses critical issues of affordability and infrastructure, positioning the company as a leader in a rapidly evolving market. However, the challenge remains to maintain growth amidst increasing competition and to ensure the sustainability of its business model in diverse African markets.
