Spiro secures 215 million US dollars for Africa expansion

The scale-up Spiro has completed an investment round of 215 million US dollars to expand electric mobility and energy infrastructure in Africa. Key investors include the Impact Fund Denmark and Equitane. This funding round marks a step for the company, which is already active in seven of the continent’s fastest-growing urban markets, as it reports.

Expansion in african markets

The funds received are intended to particularly advance the expansion of Spiro’s battery swapping network and the development of a modern electric vehicle infrastructure. According to Spiro, it has optimized its product portfolio, technology, and energy ecosystem in recent years and now sees itself ready to initiate the next phase of its pan-African expansion.

The investment comes at a time when many African countries are striving to reduce their dependence on imported fuels while strengthening energy and industrial sovereignty. Additionally, the modernization of urban transportation systems is being pursued as an important goal. In this context, scalable platforms for electric vehicle infrastructure are gaining increasing significance for global investors.

www.spironet.com