Reported about 14 hours ago
Spiro, a Dubai-based electric motorbike company, has raised $100 million in funding, marking the largest investment in Africa's e-mobility sector. The capital, led by The Fund for Export Development in Africa, will help Spiro expand its electric bike fleet to over 100,000 by the end of 2025, significantly increasing its presence across six African countries. With a model that offers lower costs and efficient battery swapping services, Spiro aims to become a leader in the market, catering to the growing demand for affordable and sustainable transportation.
Source: YAHOO