Africa Export Import Bank (Afreximbank) Archives - Hivileo

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Spiro Motorcycles in a Dealership Shop in Kenya. PHOTO/ Spiro

Africa’s EV Pioneer Spiro Bags Ksh 6.45B to Accelerate Battery Swapping Network

Blake Otieno February 24, 2026

Africa’s electric mobility leader and pioneer in battery swapping, Spiro, has announced fresh debt funding of Ksh 6.45 billion to speed up the expansion of battery swapping and electric vehicle operations in Africa. This fresh injection of funds has been backed by Africa Export Import Bank (Afreximbank) and two new investors, Nithio and Africa Go

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