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SPIRO Raises $215.0

Recently funded · $215.0M UnknownManufacturingKEView source

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SPIRO, Africa's largest EV company and a Time 100 Influential Company 2024, has secured $215.0M in new investment. The capital infusion, backed by Impact Fund Denmark and Equitane, will accelerate the company's mission to provide affordable, clean energy technology in the mobility sector.

The funding is set to support SPIRO's ambitious plans to establish the continent's first e-bike and battery manufacturing facilities. This move aims to address import-export imbalances and unlock economic growth through e-mobility, deploying swappable battery motorcycles and an extensive charging infrastructure built for local market challenges.

From the source

Wesley · Jun 1, 2026

Spiro raises $215 mn to scale Africa EV push with Pune tech hubPune: Indian entrepreneur Gagan Gupta-founded African electric mobility platform Spiro has raised $215 million in a new funding round backed by global institutional investors, including Impact Fund Denmark and Equitane, to expand its electric vehicle and battery-swapping ecosystem across Africa.

📊 Key highlights:⚡ Expansion push: • Funding to scale EV deployment and battery-swapping infrastructure across Africa • Strong focus on manufacturing, assembly, and next-gen EV systems🌍 Strong presence: • Operations across 7 African markets including Kenya, Rwanda, Uganda, Nigeria, Cameroon, Togo and Benin • Fleet of 1 lakh+ electric motorcycles • Network of 2,500+ battery-swapping stations📍 In

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