News #Spiro

Compared with H1 2025, when African startups raised $1.47 billion across 301 deals (33 of which did not disclose funding amounts), funding value increased by 7% year-on-year, despite a significant decline in deal activity.

Kenya-based Spiro, a leader in two-wheel transportation and battery-swapping, has raised US$215 million in equity funding to scale electric mobility and energy infrastructure across Africa.