Spiro

Spiro is a leading African electric mobility company dedicated to the large-scale electrification of two-wheel transportation. By providing a vertically integrated ecosystem that includes electric motorcycles, an extensive battery-swapping infrastructure, and accessible financing solutions, the company aims to reduce reliance on fossil fuels while lowering operating costs for commercial riders across the continent. Originally founded as M Auto Electric Mobility, the company rebranded to Spiro in 2022 and has since expanded its footprint across multiple East and West African nations, including Kenya, Uganda, Nigeria, and Benin. Spiro’s business model is designed to foster clean industrialization by combining local assembly, technical training, and innovative energy management. Through its proprietary software and hardware, the company supports thousands of commercial operators, such as boda boda drivers and delivery workers, in transitioning to sustainable, cost-effective transportation. With significant backing from major financial institutions, Spiro continues to scale its operations to transform urban mobility and promote economic growth through job creation and environmental stewardship.

Spiro’s mission is to enhance livelihoods through sustainable energy by leading the large-scale electrification of mobility across Africa, providing innovative, eco-friendly, and affordable transportation solutions that transform urban mobility and promote economic growth.

• Recognized as a TIME 100 Most Influential Company in 2024
• Successfully deployed tens of thousands of electric motorcycles across Africa
• Operates a massive network of thousands of battery-swapping stations
• Secured over $300 million in funding from major investors like Afreximbank and FEDA
• Facilitated tens of millions of battery swaps to date

Sources

• Spiro Official Website
• Spiro (Company) - Wikipedia
• AP News: African EV firm Spiro raises $215 million
• LinkedIn: Spiro Company Profile