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StartupGrowthB2C

Spiro

Electric mobility for Africa

Tanzania Dar es Salaam Founded 2019 501-1000 Website
Total Raised$140.0MSee the rounds
StageGrowth
Operating Since2019 (7y)

About Spiro

Spiro (formerly M Auto) is an electric vehicle company that manufactures and distributes electric motorcycles and battery-swapping infrastructure across Africa. The company provides an affordable alternative to petrol-powered motorcycles for delivery riders and commuters.

Funding

Total Raised$140.0M
Last Round$50.0MDebt Facility

Rounds

Debt FacilityMay 1, 2024
$50.0M

Lead: Afreximbank

Investors

AfreximbankGlobal Environment Facility

Leadership & Team

Founder(s)

CEO

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Quick Facts

CountryTanzania
Founded2019
TypeStartup
ModelB2C
Team size501-1000
Operating in
TanzaniaRwandaBeninTogoKenyaUgandaCameroonMorocco