How much funding has Spiro raised?

Spiro has raised $55.0M in total funding, most recently a extension round round.

Who are Spiro's investors?

Spiro's investors include NewTrails Capital.

Where is Spiro headquartered?

Spiro is headquartered in Nairobi, Massachusetts, Kenya.

What industry is Spiro in?

Spiro operates in Clean Energy, Electric Vehicles, Transportation.

Spiro

Drive Electric

Nairobi, Kenya · Founded 2019 · $55.0M raised

Clean Energy

Electric Vehicles

Transportation

Headquarters: Nairobi, Massachusetts
Employees: 51–200
Founded: 2019
Business Model: B2B2C

Website: spiroworld.com
Total Funding: $55.0M
Last Round: $55.0M Extension RoundJun 2026
Rounds: 2

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 $55.0M in total across 2 rounds, most recently a $55.0M Extension Round round in Jun 2026. Investors include NewTrails Capital.

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