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Spyro Secures $50M to Expand Battery-Swapping Network in Africa

2/24/2026

Summary

Story summary

Spiro has secured $50 million in debt funding from Afreximbank, Nithio, and the Africa Go Green Fund to expand its battery-swapping network and advance technology, including automated battery swaps and renewable-energy integration.
The company operates in seven African countries with pilots in Cameroon and Tanzania.
It has deployed over 80,000 electric motorcycles and completed more than 30 million battery swaps; a $100 million investment followed in October 2025.

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Story summary

Spiro has secured $50 million in debt funding from Afreximbank, Nithio, and the Africa Go Green Fund to expand its battery-swapping network and advance technology, including automated battery swaps and renewable-energy integration.
The company operates in seven African countries with pilots in Cameroon and Tanzania.
It has deployed over 80,000 electric motorcycles and completed more than 30 million battery swaps; a $100 million investment followed in October 2025.