African Electric Mobility Firm Secures $100 Million Investment for Expansion
An African e-mobility company has secured $100 million in funding to dramatically scale its electric motorcycle operations across multiple countries. The investment represents one of the largest capital raises in Africa’s growing electric vehicle sector.
Major Funding Boost for African E-Mobility
An African electric mobility company has reportedly secured $100 million in funding to expand its operations across the continent, according to industry reports. Spiro, which manufactures electric motorcycles in four African nations, claims this represents the largest capital raise in Africa’s developing but competitive e-mobility sector.