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1 week agoSpiro raises $100M, the largest-ever investment in Africa's e-mobility | TechCrunch
The company just announced a $100 million investment round led by The Fund for Export Development in Africa (FEDA), the development arm of Afreximbank. The raise marks Africa's largest-ever EV mobility investment and cements Spiro as the continent's most aggressive electric motorbike company. Spiro says it plans to deploy more than 100,000 electric bikes across Africa by the end of 2025, a 400% year-over-year jump that underscores its ambition to dominate a category long considered too fragmented to scale.
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