LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

African electric motorcycle company Spiro lands funds for major international expansion

Robert Frost by Robert Frost
August 9, 2023
in Industries
African electric motorcycle company Spiro lands funds for major international expansion
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


The last time we heard from African electric motorcycle startup Spiro, the company was planning to roll out 140,000 e-motos in Uganda. Now Spiro is working to put even more bikes and battery swap stations on the road thanks to new funding.

The company just landed approximately US $63 million, in partnership with Societe Generale and GuarantCo, part of the Private Infrastructure Development Group (PIDG).

You might also like

The forgotten 1970s GE electric lawn tractor you’ve never heard of

New ‘world’s lightest, most efficient’ e-bike motor lands on another model

Medicaid cuts in Trump’s ‘big beautiful bill’ will leave millions uninsured, threaten rural hospitals

The funds will allow Spiro to significantly expand its fleet of electric motorbikes as well as the swappable batteries and swap stations designed to make those bikes even more useful to local riders. The expansion plans will largely take place in the African nations of Benin and Togo.

Africa’s electric motorcycle is leapfrogging much of the rest of the world, with companies such as Spiro, Roam, and Zembo offering battery swapping electric motorcycles that are built locally for the massive motorcycle taxi (boda boda) fleets.

I had the chance to speak with Spiro’s CEO Jules Saiman recently, who discussed the company’s growth plans with me.

As Saiman recently explained:

“This pivotal funding from GuarantCo and Societe Generale enables us to step up our commitment to decarbonise transportation. By adding at least 15,700 clean electric motorbikes, over 31,400 electric batteries and more than 1,000 swap stations to our existing fleet, we expect to significantly reduce greenhouse gas emissions. Furthermore, this venture allows us to generate numerous operational, maintenance, and technical support jobs, fostering local employment with a strong focus on gender inclusivity.”

The company expects installation of new charging/swap stations to create hundreds jobs in the area, as well as thousands of new jobs associated with operations and maintenance roles. Spiro says that it is aiming for at least 30% of these roles to be filled by women and is “offering technical and leadership programs to enhance their skills.”

Inclusion of women in the production of electric motorcycle has been a growing trend, with companies like Ola offering extensive training to fill its electric motorbike factories with female workers.

spiro electric motorcycle

FTC: We use income earning auto affiliate links. More.



Source link

Share30Tweet19
Previous Post

Nvidia drops new AI chip expected to cut development costs

Next Post

Best pull up bars for home: doorway, freestanding and wall mounted

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

The forgotten 1970s GE electric lawn tractor you’ve never heard of
Industries

The forgotten 1970s GE electric lawn tractor you’ve never heard of

July 2, 2025
New ‘world’s lightest, most efficient’ e-bike motor lands on another model
Industries

New ‘world’s lightest, most efficient’ e-bike motor lands on another model

July 2, 2025
Medicaid cuts in Trump’s ‘big beautiful bill’ will leave millions uninsured, threaten rural hospitals
Industries

Medicaid cuts in Trump’s ‘big beautiful bill’ will leave millions uninsured, threaten rural hospitals

July 1, 2025
Tesla, Trump alliance falls apart – but there’s BIG news for electric semi fleets
Industries

Tesla, Trump alliance falls apart – but there’s BIG news for electric semi fleets

July 1, 2025
Next Post
Best pull up bars for home: doorway, freestanding and wall mounted

Best pull up bars for home: doorway, freestanding and wall mounted

Related News

Expanding agency chain signals plans for further acquisitions – London Wallet

Expanding agency chain signals plans for further acquisitions – London Wallet

May 23, 2024
Trump’s leading pick for Treasury Secretary is ‘very pro-crypto’

Trump’s leading pick for Treasury Secretary is ‘very pro-crypto’

November 12, 2024
US lawmakers call for change in corporate digital asset taxes

US lawmakers call for change in corporate digital asset taxes

May 13, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?