# Spiro adds $55m as its electric-bike push grows

> The battery-swap model is about daily economics, not just cleaner transport.

Author: Tim Humphreys
Regions: Nigeria, Kenya, Rwanda
Published: 2026-06-26T15:00:00.000Z
Updated: 2026-06-26T15:00:00.000Z
Canonical: /business/spiro-electric-mobility-funding-round

## Why it matters

Cheaper, swappable batteries could change the daily economics for the riders who move Nigeria's deliveries and commutes, if the network reaches them.

## Story

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

- [EVreporter: Spiro closes $270M funding round with NewTrails Capital](https://evreporter.com/spiro-closes-270-million-funding-round-with-55-million-investment-from-newtrails-capital/)
- [CIO Africa: Spiro raises additional $55 million funding](https://cioafrica.co/spiro-raises-additional-55-million-funding/)