Spiro adds $55m as its electric-bike push grows
The battery-swap model is about daily economics, not just cleaner transport.
Electric mobility company Spiro has secured an additional 55 million US dollars from NewTrails Capital, closing its latest funding round at 270 million dollars.
Spiro runs an electric motorcycle and battery-swapping network across African markets, including Nigeria, Kenya, Uganda, and Rwanda. The company says the money will help expand swapping infrastructure, manufacturing, and energy systems.
The model matters most for riders who cannot afford to wait around for a battery to charge. Swapping a depleted battery for a charged one in seconds can change the daily maths of running an electric bike.
The open question is how fast the network reaches ordinary riders, not just launch cities and investor decks.
Sources
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