Electric Mobility Leader, Spiro, Selected for 2025 Regional Platforms for Climate Projects Pipeline

Electric Mobility Leader, Spiro, Selected for 2025 Regional Platforms for Climate Projects Pipeline

 

Spiro, a pioneering Pan-African electric mobility company driving sustainable transportation across the continent, has been selected for the prestigious 2025 Regional Platforms for Climate Projects (RPCP) Pipeline.

The RPCP is an initiative under the leadership of the High-Level Champions, designed to mobilize capital for climate ventures and projects across developing countries and emerging markets.

Spiro is the largest electric mobility company in Africa operates the largest battery swapping infrastructure in eight countries in Africa.

The firm says it intends to transform the African economies through substitution of expensive imported fossil fuel-based transportation into affordable, and accessible electric mobility solutions locally made in Africa, by Africans, for Africa end the world.

A statement by the firm says this recognition highlights Spiro’s position as a leading climate leader, delivering cutting-edge, high-impact solutions that accelerate Africa’s transition to a low-carbon, sustainable future in line with the Sustainable Development Goals (SDGs).

Founded in 2022, Spiro operates a vertically integrated platform that scales electric two-wheel mobility across eight African countries: Benin, Togo, Nigeria, Kenya, Uganda, Rwanda, Cameroon, and Tanzania.

The company’s comprehensive business model encompasses four key revenue streams: electric bike sales through distribution partners and financiers; battery-as-a-service subscriptions supported by a rapidly expanding network of swap stations; after-sales services including spare parts and maintenance; and data monetization via licensing and analytics.

Spiro has deployed over 35,000 electric motorbikes and facilitated more than 20 million battery swaps, enabling over 500 million kilometres of CO₂-free travel and helping to avoid approximately 30,000 tons of carbon emissions.

Beyond its environmental impact, Spiro is driving significant economic and social benefits.

The company has created over 1,000 direct and indirect manufacturing jobs across its facilities in Kenya, Uganda, Rwanda, and Nigeria, with women representing more than 40% of the workforce.

Additionally, the Spiro Academy plays a pivotal role in training and upskilling local talent, supporting transitions into medium- and high-skilled employment opportunities.

Financially, Spiro’s growth has been robust, generating USD 23 million in revenue in 2024 and projecting a tenfold increase to USD 200 million in 2025.

To support its ambitious expansion plans, Spiro is currently raising USD 50 million in Series A funding to accelerate market growth, scale operations, and invest in research, development, and technological innovation.

The company has already secured USD 120 million in equity and USD 23 million in debt financing.

As part of the RPCP Pipeline, Spiro will gain valuable exposure at prominent climate-focused events, be featured in curated publications by the Climate Champions Team and partners and access a broad network of global climate stakeholders to foster collaboration and amplify impact.

This far, Spiro has achieved over half a billion kms of CO2 free travel, crossed 20 million battery swaps and operated over 600 battery swapping stations with more than 35,000 motor bikes in circulation.

Through its expanding regional production network and upcoming facilities in Uganda, Kenya, Nigeria, and Rwanda, Spiro is committed to deliver affordable, locally manufactured electric mobility solutions at scale across Africa.

The Climate High-Level Champions (HLCs) work to mobilize ambitious climate action from businesses, cities, regions, and financial institutions to support governments in achieving the goals of the Paris Agreement.

By driving partnerships, showcasing transformative solutions, and prioritizing support for vulnerable communities, the HLCs help turn ideas into impact – cleaner air, better jobs, safer homes, and a healthier world for all.