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Spiro secures $50 million from Afreximbank, others to expand Africa battery-swapping network
Yahoo Finance· 2026-02-24 11:18
NAIROBI, Kenya (AP) — Financing for electric vehicle transport is ramping up in Africa as confidence rises in the potential for battery swapping, fast charging and other technologies. Spiro, Africa’s largest electric mobility operator, has secured $50 million in debt financing from African Export-Import Bank, or Afreximbank, U.S.-based climate fintech platform Nithio and the Africa Go Green Fund to expand its battery-swapping network. The announcement came days after Arc Ride, another e-mobility firm, r ...