Spiro Locks in $50M to Dominate Africa’s EV Battery Race
Spiro has secured $50M in debt financing to accelerate its battery-swapping expansion across the continent, reinforcing its ambition to dominate Africa’s fast-growing electric two-wheeler market. The raise, backed by Afreximbank, Nithio, and the Africa Go Green Fund, follows a $100 million injection in October 2025 — signaling that infrastructure scale, not experimentation, now defines the