Spiro selected for regional platforms for climate projects pipeline

Spiro, a pioneering Pan-African electric mobility company driving sustainable transportation across the continent, has been selected for the 2025 Regional Platforms for Climate Projects (RPCP) Pipeline, an initiative under the leadership of the High-Level Champions, designed to mobilize capital for climate ventures and projects across developing countries and emerging markets.

This distinguished recognition highlights Spiro’s position as a leading climate leader, delivering cutting-edge, high-impact solutions that accelerate Africa’s transition to a low-carbon, sustainable future in line with the Sustainable Development Goals (SDGs).

Founded in 2022, Spiro operates a vertically integrated platform that scales electric two-wheel mobility across eight African countries: Benin, Togo, Nigeria, Kenya, Uganda, Rwanda, Cameroon, and Tanzania. The company’s comprehensive business model encompasses four key revenue streams: electric bike sales through distribution partners and financiers; battery-as-a-service subscriptions supported by a rapidly expanding network of swap stations; after-sales services including spare parts and maintenance; and data monetization via licensing and analytics.

To date, Spiro has deployed over 35,000 electric motorbikes and facilitated more than 20 million battery swaps, enabling over 500 million kilometres of CO₂-free travel and helping to avoid approximately 30,000 tons of carbon emissions. Beyond its environmental impact, Spiro is driving significant economic and social benefits. The company has created over 1000 direct and indirect manufacturing jobs across its facilities in Kenya, Uganda, Rwanda, and Nigeria, with women representing more than 40% of the workforce. Additionally, the Spiro Academy plays a pivotal role in training and upskilling local talent, supporting transitions into medium- and high-skilled employment opportunities.

Financially, Spiro’s growth has been robust, generating US$23 million (approx. UGX82.4 billion) in revenue in 2024 and projecting a tenfold increase to US$200 million (approx. UGX716.6 billion) in 2025. To support its ambitious expansion plans, Spiro is currently raising US$50 million (approx. UGX179.15 billion) in Series A funding to accelerate market growth, scale operations, and invest in research, development, and technological innovation. The company has already secured US$120 million (approx. UGX429.9 billion) in equity and US$23 million (approx. UGX82.4 billion) in debt financing.

As part of the RPCP Pipeline, Spiro will gain valuable exposure at prominent climate-focused events, be featured in curated publications by the Climate Champions Team and partners, and access a broad network of global climate stakeholders to foster collaboration and amplify impact.