Spiro partners with Yadea and secures $18M for African electric mobility

Spiro, a Kenyan-based electric mobility company, has entered a strategic partnership with Chinese electric two-wheeler manufacturer Yadea to expand clean transport infrastructure across Africa. The collaboration aims to combine Yadea’s manufacturing scale with Spiro’s established network of battery-swapping stations to provide accessible electric vehicles (EVs) tailored to local market conditions.

In a separate financial development, Spiro has secured an additional $18 million in debt financing from the Africa Go Green Fund (AGG), managed by Cygnum Capital. This brings AGG’s total commitment to Spiro to $36 million. The new capital is earmarked to support the deployment of electric motorcycles and the expansion of battery-swapping infrastructure, specifically targeting growth in Uganda and Rwanda.

Spiro currently operates across seven countries, including Kenya, Nigeria, Rwanda, Uganda, Togo, Cameroon, and Benin. The company utilizes an integrated platform where riders can exchange depleted batteries for charged ones at a network of over 2,500 stations, reducing downtime for commercial and individual users.