Spiro, the electric mobility company building battery-swapping infrastructure for motorcycles across Africa, has raised $215 million in equity funding as it pushes deeper into a capital-intensive race to electrify urban transport.
The round, backed by investors including Impact Fund Denmark and Equitane, comes four months after Spiro secured $50 million in debt financing and less than a year after a separate $100 million equity raise led by Afreximbank’s Fund for Export Development in Africa (FEDA).
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