African Electric Vehicle Platform Raises $215m to Scale Electric Mobility in Nigeria, Others

Nigeriacommunicationsweek | 03-06-2026 12:08pm |

African electric vehicle platform Spiro has successfully secured $215 million in equity funding aimed at enhancing electric mobility and energy infrastructure throughout the continent. This investment, supported by institutional investors such as Impact Fund Denmark and Equitane, will facilitate the rapid expansion of Spiro's battery-swapping network and industrial capabilities. The funding is expected to bolster the development of next-generation electric vehicle infrastructure in key high-growth markets across Africa.

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