Spiro Secures Fresh $55M From Chinese Investor NewTrails Capital for African EV Expansion

Spiro raises Sh7bn to expand e-motorbike production, battery-swapping

The electric motorcycle company plans to deepen local manufacturing and expand its battery-swapping network across new African markets.

Spiro Secures $55M Investment from China’s NewTrails, Nears $1B Valuation

Spiro, an electric motorcycle company, has received a $55 million investment from Chinese firm NewTrails Capital, bringing it closer to achieving a billion-dollar valuation. The investment is intended to fuel the expansion of Spiro's battery-swapping network, manufacturing capabilities, and energy infrastructure in the markets it currently serves. Founded in 2022 and headquartered in Dubai, Spiro has quickly grown into one of Africa's leading st…

Spiro Gains $55M Investment From NewTrails to Grow Africa’s EV Ecosystem

Spiro, Africa’s leading electric vehicle (EV) and clean energy infrastructure platform, today announced the successful closing of its latest funding round at $270 million. This milestone follows a newly finalized $55 million investment from NewTrails Capital, a prominent Chinese growth-stage investment fund focusing on emerging markets with strategic locations in Shanghai, Shenzhen and Nigeria. This capital injection positions the company among …

Spiro raises additional $55 million from Chinese investors, NewTrails Capital

African electric motorcycle and battery-swapping company Spiro has secured an additional $55 million equity investment from Chinese early-stage investors NewTrails Capital, bringing a funding round announced earlier this month to a total of $270 million. The post Spiro raises additional $55 million from Chinese investors, NewTrails Capital appeared first on Nairametrics.

Spiro secures fresh $55M from Chinese investor NewTrails Capital for African EV expansion

African electric mobility company Spiro has successfully closed its latest funding round, raising a total of $270 million. This includes a new investment of $55 million from NewTrails Capital, a Chinese growth-stage investment fund. This influx of Chinese capital brings not only financial resources but also valuable supply chain expertise to one of Africa’s most well-supported e-mobility platforms. The investment brings together a strong consort…