Spiro has just announced a funding round of 100 million dollars led by the African Export Development Fund (FEDA), the development arm of Afreximbank. This fundraiser is the largest investment ever made in Africa in the sector of electric mobility and reinforces Spiro as the motorcycle manufacturer the most dynamic electric vehicles on the continent.

Spiro, African leader in electric two-wheelers and The exchange of batteries, raised 100 million dollars in new financing, marking the largest investment ever made in the electric mobility sector in Africa.

The tour was led by the Fund for the Development of exports to Africa (FEDA), the impact investment arm from Afreximbank, which contributed $75 million.

The new capital will help Spiro expand its infrastructure of battery exchange, to strengthen its technological platform and to exceed the 100,000 vehicles deployed by the end of 2025, i.e. a multiplication by four from one year to the next.