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2 clusters · 7 sources · 7 days · First seen 13 days ago · Last updated 6 days ago

Yadea and Spiro electric mobility expansion in Africa

Overview

Chinese manufacturer Yadea and Kenyan-based Spiro have entered a strategic partnership to expand electric mobility across Africa. The collaboration aims to combine Yadea’s manufacturing and R&D capabilities with Spiro’s operational network and battery-swapping ecosystem to provide electric two-wheelers tailored to local road conditions and commercial needs.

Following the partnership announcement, Spiro secured $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 funding is intended to support the deployment of electric motorcycles and the expansion of battery-swapping infrastructure, with a specific focus on growth in Uganda and Rwanda.

Entities

Spiro · Yadea · Gagan Gupta · Cygnum Capital · Africa Go Green Fund

Timeline

6 days ago

[BUSINESS] 2 sources
Spiro partners with Yadea and secures $18M for African electric mobility
Spiro has partnered with Yadea to expand electric mobility in Africa and secured an additional $18 million from the Africa Go Green Fund to grow its motorcycle and battery-swapping network.
13 days ago

[BUSINESS] 5 sources
Yadea and Spiro partner to expand electric mobility in Africa
Yadea and Spiro have partnered to scale electric two-wheeler mobility in Africa, combining Yadea’s manufacturing with Spiro’s battery-swapping network and fleet of 130,000 motorcycles.

Sources

africancio.com · ecofinagency.com · electrek.co · leblogmoto.com · pulse2.com · techafricanews.com · trendhunter.com