An electric mobility startup operating in Africa, focusing on battery-swapping models and sustainable transport solutions.
African Startups Raise $135 Million in May 2026 as Equity and Debt Funding Balance Out
37 companies in Africa raised around $135 million in funding in May, marking an increase from April's $110 million. The funding round featured an almost even split between equity ($65 million) and debt financing ($68 million).
Spiro Raises $215 Million as Investors Double Down on African EV Infrastructure
Spiro secured $215 million in equity financing, marking a significant investment in Africa's electric transport sector. The funding will be used to expand operations in current markets and enter new countries.
EV Startup Spiro Raises $215 Million to Wire Africa for Electric Mobility
Spiro secured a $215 million equity raise backed by Impact Fund Denmark and Equitane. The company has deployed over 100,000 electric vehicles and 2,500 smart-swap stations across seven markets.
African startup funding hits $575M in early 2026 as logistics and energy gain ground
African startups raised $575 million across 58 deals in January and February 2026. Fintech led funding in January 2026 with $131.6 million, driven by major rounds from Egypt’s ValU and NowPay.
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.
