Spiro Raises $215 Million in Equity Funding for African EV Battery-Swapping Expansion

African electric vehicle company Spiro has successfully closed a $215 million equity funding round. This substantial investment, supported by Impact Fund Denmark and Equitane, will fuel the expansion of Spiro's battery-swapping infrastructure and manufacturing. The company aims to grow its EV fleet across seven African markets, making sustainable mobility more accessible and affordable.