Spiro has secured $50 million (KES 6.5 billion) in debt financing to accelerate the build-out of its battery-swapping grid across eight African markets, reinforcing its position in the continent’s fast-growing electric two-wheeler industry.
The financing was backed by African Export-Import Bank
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Royal Ibeh
Royal Ibeh is a senior journalist with years of experience reporting on Nigeria’s technology and health sectors. She currently covers the Technology and Health beats for BusinessDay newspaper, where she writes in-depth stories on digital innovation, telecom infrastructure, healthcare systems, and public health policies.
