CleanTechnica•5 days ago
Spiro Raises $50 Million As Demand For Its Battery Swapping Infrastructure & EVs Surges Across Africa
- •Spiro has raised $50 million to scale its battery swapping infrastructure and electric vehicle (EV) offerings across Africa.
- •The African motorcycle taxi industry, comprising nearly 30 million vehicles, presents a massive market opportunity for EV conversion, with 99% currently being internal combustion engine (ICE) models.
- •This significant investment highlights surging demand for EV and battery swapping solutions, indicating substantial future load growth and infrastructure development needs for power developers in the region.
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