Spiro raises $100M in a funding round led by FEDA, marking Africa's largest EV mobility investment to date and positioning itself to deploy 100,000 electric bikes by 2025.
Amount Raised
$100 Million
Round Type
Venture
Investors
Description
Spiro has successfully raised $100 million, the largest investment in Africa’s electric mobility sector. Led by The Fund for Export Development in Africa (FEDA), this funding aims to help Spiro deploy over 100,000 electric bikes across the continent by the end of 2025. The growth of Spiro has been remarkable, expanding its network significantly since its inception. This investment underscores Africa's shifting landscape towards sustainable transportation.
Quick answer
Spiro raised $100 Million in a funding round, dated October 21, 2025. Investors: The Fund For Export Development In Africa (Feda).
- How much did Spiro raise?
- Spiro raised $100 Million in a funding round on October 21, 2025.
- Who invested in Spiro?
- The Fund For Export Development In Africa (Feda) is named as investors in this round.
Source: Fundz verified event record.
Who else raised in Energy and Transportation around the same time
Companies in the same sectors as Spiro that raised within 45 days of this round, from Fundz verified event records.
- 3ev Industries raised $13M (Series A) on November 26, 2025.
- NexDash raised $5.8M (Seed) on November 21, 2025.
- Athlon raised $784K (Seed) on November 20, 2025.
- Turing Inc. raised $64M on November 17, 2025.
- Spotawheel raised $345M on November 6, 2025.
- Vammo raised $45M (Series B) on October 31, 2025.
Who to call at Spiro, and when
A new round usually means Spiro is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Spiro raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Spiro, from your own LinkedIn network
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Fundz sees it the moment Spiro raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Spiro raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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