Spiro raises $215 million as race for Africa’s EV market heats up

Spiro, the electric mobility company building battery-swapping infrastructure for motorcycles across Africa, has raised $215 million in equity funding as it pushes deeper into a capital-intensive race to electrify urban transport.

The round, backed by investors including Impact Fund Denmark and Equitane, comes four months after Spiro secured $50 million in debt financing and less than a…