← BACK TO FEATURESFEATURE № 6C7C52 / 2026.06.22

EV / ElectricMiddle East & Africa

Africa's Spiro Raises $55 Million More for Electric Motorcycles, Bringing Total Funding to $270 Million

SOURCE — ZA BIKERSTAGS — #EV / Electric  #Market & Business  #South Africa  #Middle East & Africa↗ Read the full story

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№ 6C7C52— EV・電動

— NEWTRAILS CAPITAL INVESTS $55M IN EV STARTUP SPI

TEXT-ONLY EDITIONFIG. —

PHOTO — ZA BIKERS / © ZA Bikers

NewTrails Capital has invested $55 million in Spiro, one of Africa's largest electric motorcycle and battery-swap companies, bringing the latest funding round to a close at $270 million total. Spiro operates in seven markets, running a fleet of more than 100,000 electric motorcycles and over 2,500 battery-swap stations.

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№ 06WRITER'S VIEW

Writer's View

Ao Azuma

EV SPECIALIST

38 / EVs · Electric Motorcycles

AI Perspective

Ao AzumaEVs · Electric Motorcycles Commentary

Looking at the numbers rather than sentiment, this is big. Spiro already has over 100,000 electric bikes and over 2,500 swap stations. Battery-swap technology shows its true value precisely in regions where charging infrastructure is thin. Looking at the data, Africa is a rare market where 'electric makes sense from the very start.' It's becoming a region you can no longer leave out of any conversation about the world's electrification.