African EV platform Spiro raises $215M in equity to scale electric mobility, energy infrastructure across Africa

Leading scale-up Spiro has secured a landmark $215M investment round backed by major institutional investors including Impact Fund Denmark, and Equitane.

With Spiro already operating across seven of Africa’s fastest-growing urban markets, this transaction positions Spiro among the continent’s leading clean infrastructure platforms. This investment will accelerate the expansion of Spiro’s battery-swapping network, industrial footprint and next generation electric vehicles (EV) infrastructure across high-growth African markets.

Leading scale-up Spiro has secured a landmark $215M investment round backed by major institutional investors including Impact Fund Denmark, and Equitane.

With Spiro already operating across seven of Africa’s fastest-growing urban markets, this transaction positions Spiro among the continent’s leading clean infrastructure platforms. This investment will accelerate the expansion of Spiro’s battery-swapping network, industrial footprint and next-generation electric vehicles (EV) infrastructure across high-growth African markets.

As African economies push to reduce dependence on imported fuel, reinforce energy and industrial sovereignty, and modernize urban transport systems, global investors are increasingly turning to scalable EV infrastructure platforms.

Scaling Africa’s next-generation mobility and energy ecosystem

Spiro announces a $215M investment round to accelerate the deployment of its electric mobility and battery-swapping infrastructure across Africa. Building on the support of long-standing institutional partners such as FEDA, Spiro’s latest equity round draws global capital from Europe and Africa, confirming growing global confidence in scalable infrastructure-led business models across emerging markets.

Following years of optimization across its product portfolio, technology and energy ecosystem, Spiro has moved past the proof of-concept phase and stands ready to execute its next chapter of pan-African expansion. This investment will support the expansion of Spiro’s battery-swapping network, strengthen its industrial and assembly footprint, accelerate technology development and support the company’s entry into new high-growth African markets.