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

AI Summary

Spiro, an African electric motorcycle and battery-swapping company, raised an additional $55 million from Chinese investors and NewTrails Capital, bringing the total funding round to $270 million. The investment supports electric mobility initiatives in Africa.

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.