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Spiro

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Electric mobility infrastructure for sustainable African transportation

Nairobi, KenyaFounded 2019Transportation
Valuation $1–2.5B Last recorded · 2026
Headcount 1–2k Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Spiro and the history behind them.

About Spiro

Spiro is a premier electric mobility and clean energy platform dedicated to driving the large-scale electrification of urban transport across Africa. The company provides eco-friendly electric motorcycles coupled with an expansive, smart battery-swapping network designed to bypass traditional grid reliability challenges. With a mission focused on energy sovereignty, environmental sustainability, and economic empowerment, the organization transforms informal urban transit by replacing high-emission, fossil-fuel vehicles with integrated green technology solutions.

The platform primarily serves commercial motorcycle taxi operators, delivery fleets, and urban micro-mobility riders across high-growth African economies. Utilizing a sustainable Energy-as-a-Service model, the company generates recurring revenue through battery rentals and subscription-based or pay-per-swap charging fees. This strategy minimizes upfront capital barriers for lower-income operators, providing direct financial relief by significantly cutting daily fuel expenses and increasing individual take-home earnings.

A core differentiator is the automated, solar-ready, and IoT-enabled battery-swapping stations that allow drivers to exchange depleted batteries within minutes. Backed by dedicated technology centers, hundreds of engineers, and numerous proprietary patents, the platform utilizes advanced AI-driven energy analytics and local vehicle assembly facilities to optimize fleet performance. Additionally, its closed-loop infrastructure incorporates dedicated battery recycling and second-life energy storage systems, establishing a completely circular clean-energy ecosystem resilient to local regulatory shifts.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
Nairobi, Kenya
Employees
1,205
Open positions
13
Dealroom signal
95.6/100
Industry
Transportation
Sub-industry
Vehicle Production
Sector
Transportation, Battery, E-Bike, Motorcycle, Sustainable Development Goals, Rumoured $1B, Climate Tech, Electric Mobility, EV Manufacturing
Technology
Hardware
Business model
Manufacturing
Client focus
B2B
Investment activity
1 company, latest May 2026
Capital deployed
—
Preferred round
ACQUISITION

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Jun 2026 $215M $860M Equitane · Impact Fund Denmark ↗
DEBTDebt Feb 2026 $0 — Nithio ↗
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Growth signals

Spiro website traffic

Latest recorded traffic for Spiro is 43K monthly website visits, down 6.5% over the last three months. Spiro's team grew 34.9% over the past year.

Latest monthly visits43K 3-month web change-6.5% 1-year team growth+34.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Spiro in the Nairobi ecosystem

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Investors

8 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Africa Transformation and Industrialisation Fund

Series B and later7 investors entered at this stage

  • Societe Generale
  • GuarantCo
  • African Export-Import Bank
  • Fund for Export Development in Africa
  • Nithio
  • Equitane
  • Impact Fund Denmark
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
18 countries with
team presence
🇰🇪 Kenya22.7%
🇮🇳 India17.6%
🇳🇬 Nigeria12.7%
🏳️ Benin10.4%
🇺🇬 Uganda9%
Top 5 of 18 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Spiro on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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