$270 MILLION RAISED. 120,000+ ELECTRIC MOTORCYCLES. 31 MILLION+ BATTERY SWAPS. ONE AFRICAN MOBILITY COMPANY IS BUILDING AN ENTIRE ENERGY ECOSYSTEM. The bigger story is how Kaushik Burman and SPIRO are helping turn electric mobility into one of Africa's most exciting infrastructure and industrial opportunities.
While much of the global electric vehicle industry focuses on passenger cars, Spiro is transforming a market that powers everyday life across Africa: motorcycles. And the scale is impressive. $270 million secured in a major funding round completed in June 2026. More than 120,000 electric motorcycles deployed. Over 31 million battery swaps completed. Seven African markets connected through a growing mobility and energy ecosystem. But the real achievement goes far beyond the numbers.
Spiro is building the infrastructure that makes electric mobility practical, accessible and scalable. Through its battery-swapping network, riders can exchange depleted batteries for charged ones in minutes, helping reduce downtime and supporting the livelihoods of commercial motorcycle operators. And the economic opportunity extends much further. Local manufacturing. Battery technology. Energy infrastructure. Engineering. Skilled employment. These are the foundations of a new African industrial ecosystem.
With Kaushik Burman leading its mobility services business, Spiro is scaling the operations that connect electric vehicles, battery subscriptions and everyday transportation across multiple African markets. What makes this story particularly compelling is its African focus. Rather than simply adapting technologies designed elsewhere, Spiro is developing a mobility model around the realities of African markets.
Its expansion demonstrates how African business opportunities can attract international capital, support industrial development and create solutions with the potential to reach millions of people. And this is only the beginning of the opportunity. As electric mobility adoption grows, companies capable of combining technology, financing, manufacturing and infrastructure could play an increasingly important role in Africa's economic transformation.
Africa's electric mobility future will not be defined by motorcycles alone. It will be defined by the infrastructure that keeps them moving. And Spiro is helping build that future.
