Spiro
Drive Electric
Nairobi, Kenya · Founded 2019 · $270.0M raised
- Headquarters
- Nairobi
- Employees
- 51–200
- Founded
- 2019
- Business Model
- B2B2C
- Website
- spiroworld.com
- Total Funding
- $270.0M
- Last Round
- $55.0M Extension RoundJun 2026
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Spiro is Africa's largest electric vehicle company, operating an integrated electric motorcycle and battery-swapping infrastructure platform across seven African countries including Kenya, Togo, Benin, Rwanda, Uganda, Nigeria, and Ghana. Founded in 2019 as M Auto Electric and rebranded as Spiro in 2022, the company provides affordable, eco-friendly electric two-wheelers to motorcycle taxi (boda boda) drivers alongside a growing network of over 1,500 battery swap stations. Spiro operates more than 60,000 electric bikes, has been recognized as a TIME 100 Most Influential Company of 2024, and has raised over $215 million in total funding to scale its e-mobility platform across the continent.
Summary
Spiro is a Clean Energy company based in Nairobi, Kenya, founded in 2019. It has raised $270.0M in total across 3 rounds, most recently a $55.0M Extension Round in Jun 2026. Investors include NewTrails Capital, Afreximbank and Nithio.
Tech & App Stack
5 technologies & apps tracked
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Funding History
Jun 2026
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Funding: Series A through Extension Round. Amounts, valuations, and investors where available.
Investors
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