African EV startup Spiro secures $215 million to expand battery-swapping network across seven markets

Summary

African electric vehicle company Spiro has secured $215 million in equity financing to expand its battery-swapping and electric mobility infrastructure across seven African markets. The investment round was backed by European and African institutional investors, including Denmark's Impact Fund, highlighting growing interest in Africa's clean transport and energy sectors. The company operates across seven active markets on the continent.