Africa Go Green Fund injects $18M into Spiro, doubling total commitment to $36M for African electric mobility expansion.
Amount Raised
$18 Million
Round Type
Venture
Investors
Description
Africa Go Green Fund (AGG), a climate-focused debt fund managed by Cygnum Capital, has injected an additional $18 million into Spiro, an African electric mobility company. This new capital doubles AGG's total financing commitment to Spiro to $36 million, building on an initial $18 million debt facility closed in December 2025. The fresh financing will support the deployment of more electric motorcycles and expansion of battery-swapping infrastructure in Uganda and Rwanda. Spiro operates across seven African markets.
Who else raised in Transportation and Renewable Energy around the same time
Companies in the same sectors as Spiro that raised within 45 days of this round, from Fundz verified event records.
- Lucid Group raised $400M (Debt Financing) on October 9, 2026.
- ZoomCar raised $75K (Series A) on October 29, 2026.
- Konwert India Motors raised an undisclosed amount (Pre-Series A) on October 23, 2026.
- Neolithic raised $400M (Series E) on October 20, 2026.
- Hertz Global Holdings raised $81M (Funding Round) on October 16, 2026.
- Bisedge raised $11M (Debt Financing) on October 15, 2026.
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