Spiro Secures USD 50 M Debt Facility To Scale E-Bikes Across Africa

Spiro, an Africa-focused e-mobility company, has secured a USD 50 M debt facility backed by African Export-Import Bank, Nithio, and the Africa Go Green Fund, pushing total funding past USD 200 M in two years. Led by CEO Kaushik Burman, Spiro deploys electric motorcycles and battery-swapping infrastructure across Africa.

The company operates over 80,000 bikes and 2,500 swapping stations in seven countries, targeting commercial riders with lower upfront costs and 30% operating savings versus petrol bikes.

With four local assembly plants and plans to expand into Cameroon, Morocco, and Tanzania, Spiro is positioning itself as a vertically integrated leader in Africa’s electric two-wheeler transition.