{"id":88659,"date":"2025-10-25T07:19:16","date_gmt":"2025-10-25T07:19:16","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/spiro-secures-100-million-for-africas-electric-mobility"},"modified":"2025-10-25T08:29:13","modified_gmt":"2025-10-25T08:29:13","slug":"spiro-secures-100-million-for-africas-electric-mobility","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility","title":{"rendered":"Spiro Secures $100 Million for Africa’S Electric Mobility"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>Spiro, the leading African company in two-wheel transportation and battery swapping, has announced a major milestone with the completion of a groundbreaking $100 million investment round. This marks the largest ever investment in African two-wheel electric mobility. A substantial portion of the investment, totaling $75 million, comes from The Fund for Export Development in Africa (FEDA), the development impact investment arm of the African Export-Import Bank (Afreximbank). This investment highlights Spiro\u2019s mission to make mobility affordable and accessible for the masses, while also playing a pivotal role in transforming Africa\u2019s clean energy and urban transport sectors.<\/b><\/p>\n

\u201cAfrica stands at a crucial turning point in personal mobility,\u201d remarked Kaushik Burman, CEO of Spiro. \u201cThere is a noticeable shift among riders from traditional internal combustion motorcycles to Spiro\u2019s more affordable and accessible battery-swapping ecosystem and motorcycles. For the first time, users are embracing sustainable transportation solutions because they are not only more efficient but also more cost-effective to operate and deliver higher profitability compared to conventional gas-powered vehicles.\u201d<\/p>\n

Burman added, \u201cThis $100 million investment is a testament to our shared vision of establishing a pan-African battery-swapping infrastructure. We are determined to provide riders across the continent with reliable, sustainable energy and mobility solutions.\u201d<\/p>\n

The funds raised will be used to further expand Spiro\u2019s already leading battery-swapping infrastructure in both existing and new markets, as well as to enhance the company\u2019s technology platform. Spiro anticipates that by the end of 2025, it will have surpassed 100,000 deployed vehicles, solidifying its leadership role in Africa\u2019s two-wheel electric mobility sector and positioning the company among the global leaders in battery-swapping solutions.<\/p>\n

Professor Benedict Oramah, President of Afreximbank and Chairman of the Boards of Directors of Afreximbank and FEDA, expressed his enthusiasm about the partnership: \u201cWe are thrilled to collaborate with Spiro on this transformative initiative. Our investment is a reflection of Afreximbank\u2019s deep commitment to fostering a competitive and sustainable mobility sector within Africa. Together, we are not only laying the foundation for a new era of intra-African trade and industrialization, but we are also driving local vehicle manufacturing, strengthening regional integration, and facilitating enhanced trade flows. Importantly, this investment will help generate skilled employment opportunities and reduce Africa\u2019s dependence on imported second-hand vehicles.\u201d<\/p>\n

Founded in 2022, Spiro envisions transforming Africa\u2019s transportation landscape by creating a holistic mobility ecosystem that integrates cutting-edge battery swapping technology with affordable, mass-market motorcycles. The company is committed to providing solutions that are created in Africa, by Africans, for Africa\u2014and the world. Spiro operates Africa\u2019s fastest-growing and largest battery-swapping infrastructure, which is currently functioning commercially in six African nations: Kenya, Uganda, Rwanda, Nigeria, Benin, and Togo. Additionally, the company has launched pilot programs in Tanzania and Cameroon.<\/p>\n

Before this round of investment, Spiro had already secured over $180 million from prominent investors such as Equitane and Socie\u0301te\u0301 Ge\u0301ne\u0301rale, further underscoring the strong investor confidence in the company\u2019s long-term growth strategy.<\/p>\n

\u201cWe are excited to welcome FEDA as a key strategic investor as we accelerate Spiro\u2019s mission to reshape mobility, energy storage, and distribution across Africa,\u201d said Gagan Gupta, Founder of Spiro. \u201cOur expansion into new markets reflects the strong demand across the continent for clean, affordable, and efficient transportation solutions. As we continue to grow our battery swapping infrastructure and integrate renewable energy sources into our energy distribution system, we are confident that Spiro is poised to unlock substantial growth opportunities.\u201d<\/p>\n

Marlene Ngoyi, CEO of FEDA, shared her perspective on Spiro\u2019s future: \u201cSpiro\u2019s success to date clearly demonstrates the strength and scalability of its business model. The company\u2019s rapid growth and the strong market adoption of its solutions highlight the substantial demand for affordable and sustainable mobility options throughout Africa. Through its integrated approach, Spiro has created a platform that is not only commercially viable but also socially impactful, making a significant difference across the continent.\u201d<\/p>\n

For More News And Analysis About Gambia<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. Spiro, the leading African company in two-wheel transportation and battery swapping, has announced a major milestone with the completion of a groundbreaking $100 million investment round. This marks the largest ever investment in African two-wheel electric mobility. A substantial portion of the investment, totaling $75 million, comes from The Fund for Export […]<\/p>\n","protected":false},"author":84,"featured_media":88658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[260],"class_list":["post-88659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-gambia"],"yoast_head":"\nSpiro Secures $100 Million for Africa'S Electric Mobility - Gambia<\/title>\n<meta name=\"description\" content=\"Spiro, the leading African company in two-wheel transportation and battery swapping, has announced a major milestone ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spiro Secures $100 Million for Africa'S Electric Mobility\" \/>\n<meta property=\"og:description\" content=\"Spiro, the leading African company in two-wheel transportation and battery swapping, has announced a major milestone ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-25T07:19:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-25T08:29:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/10\/sm_1761368315.374849.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Spiro Secures $100 Million for Africa’S Electric Mobility\",\"datePublished\":\"2025-10-25T07:19:16+00:00\",\"dateModified\":\"2025-10-25T08:29:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility\"},\"wordCount\":668,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/10\/sm_1761368315.374849.jpg\",\"keywords\":[\"Gambia\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility\",\"name\":\"Spiro Secures $100 Million for Africa'S Electric Mobility - Gambia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/10\/sm_1761368315.374849.jpg\",\"datePublished\":\"2025-10-25T07:19:16+00:00\",\"dateModified\":\"2025-10-25T08:29:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Spiro, the leading African company in two-wheel transportation and battery swapping, has announced a major milestone ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/10\/sm_1761368315.374849.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/10\/sm_1761368315.374849.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Spiro Secures $100 Million for Africa'S Electric Mobility\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/gambia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Spiro Secures $100 Million for Africa’S Electric Mobility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/\",\"name\":\"Gambia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/gambia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Spiro Secures $100 Million for Africa'S Electric Mobility - Gambia","description":"Spiro, the leading African company in two-wheel transportation and battery swapping, has announced a major milestone ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility","og_locale":"en_US","og_type":"article","og_title":"Spiro Secures $100 Million for Africa'S Electric Mobility","og_description":"Spiro, the leading African company in two-wheel transportation and battery swapping, has announced a major milestone ...","og_url":"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility","og_site_name":"Gambia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2025-10-25T07:19:16+00:00","article_modified_time":"2025-10-25T08:29:13+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/10\/sm_1761368315.374849.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Spiro Secures $100 Million for Africa’S Electric Mobility","datePublished":"2025-10-25T07:19:16+00:00","dateModified":"2025-10-25T08:29:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility"},"wordCount":668,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/10\/sm_1761368315.374849.jpg","keywords":["Gambia"],"articleSection":["all news","miscellaneous"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility","url":"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility","name":"Spiro Secures $100 Million for Africa'S Electric Mobility - Gambia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/gambia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/10\/sm_1761368315.374849.jpg","datePublished":"2025-10-25T07:19:16+00:00","dateModified":"2025-10-25T08:29:13+00:00","author":{"@id":"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Spiro, the leading African company in two-wheel transportation and battery swapping, has announced a major milestone ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#primaryimage","url":"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/10\/sm_1761368315.374849.jpg","contentUrl":"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/10\/sm_1761368315.374849.jpg","width":1280,"height":720,"caption":"Spiro Secures $100 Million for Africa'S Electric Mobility"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/gambia\/all-news\/spiro-secures-100-million-for-africas-electric-mobility#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/gambia\/"},{"@type":"ListItem","position":2,"name":"Spiro Secures $100 Million for Africa’S Electric Mobility"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/gambia\/#website","url":"https:\/\/www.africa-press.net\/gambia\/","name":"Gambia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/gambia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/posts\/88659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/comments?post=88659"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/posts\/88659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/media\/88658"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/media?parent=88659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/categories?post=88659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/gambia\/wp-json\/wp\/v2\/tags?post=88659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}