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E-mobility firm raises Sh12.8b in Africa's largest-ever investment

By James Wanzala | 5mos ago
Spiro will use the funding to expand its battery-swapping infrastructure across existing and new markets while further strengthening its technology platform. [File, Standard]

E-mobility firm Spiro has announced $100 million(Sh12.8 billion) investment round, the largest investment in African two-wheel electric mobility ever.

This includes $75 million(Sh9.6 billion from The Fund for Export Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank).

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Related Topics

E-Mobility Electric Mobility Spiro Battery-Swapping Infrastructure
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