Spiro

A company that sells electric motorcycles and operates battery-swap infrastructure across African markets, with locally assembled vehicles; riders swap a depleted battery for a charged one at a station instead of charging. Its 22 June 2026 announcement reports 100,000 vehicles and 2,500 swap stations across seven markets, company figures that differ from the earlier October 2025 account of commercial operations in six countries with pilots in Tanzania and Cameroon. On 22 June 2026 it reported closing a USD 270 million funding round following a USD 55 million NewTrails Capital investment; the Fund for Export Development in Africa (Afreximbank) led its 2025 round and Equitane is named as an investor. The new round is not added to earlier announcements because possible overlap has not been reconciled.