Case

Spiro EV

SDGS
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Facts
Year 2026
Sector Green Energy & Infrastructure
Financial instrument Equity
Fund SDG Fund II
Current investment DKK 258m
Regions Africa

Spiro is one of Africa’s largest e-mobility companies, with around 100,000 electric vehicles and 1,300 battery swap stations across six countries. By combining locally assembled bikes with battery-swapping and a tech-enabled platform, Spiro cuts costs, saves time and reduces CO2 emissions.

The investment enables Spiro to scale electric mobility across Africa, accelerating the green transition by replacing fossil-fuel motorcycles while expanding access to affordable transport and asset ownership – reducing emissions, lowering air pollution and improving incomes.

This investment was made possible with funding from the European Union.

Read more here.