Spiro, one of Africa’s largest electric motorcycle and battery-swapping companies, has secured an additional $55 million equity investment from Chinese early-stage investor NewTrails Capital, bringing the funding round announced earlier this month to $270 million.
The investment comes three weeks after Spiro disclosed a record $215 million equity raise, one of the largest funding rounds announced in Africa’s electric mobility sector. With the latest commitment, Spiro’s total disclosed funding now stands at about $557 million, cementing its position among the continent’s most heavily funded electric mobility companies.
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