Spiro Secures $63 Million Financing Solution To Expand Its Fleet Of Electric Motorcycles, Batteries, & Swap Stations - CleanTechnica

a leading electric motorbike manufacturer and clean energy provider in Africa, has so far deployed over 9200 electric motorbikes across Benin, Togo, and Rwanda. Spiro says its riders have driven 80 million kilometers of emission-free journeys and have also done 2 million battery swaps, and in the process have reduced carbon emissions by 4000 tons in its first year.

Besides the much needed reductions in emissions associated with internal combustion engine motorcycles, Spiro says by switching to electric motorcycles, the riders in this industry can save up to $360 per year. Most of the savings come from reduced fueling and maintenance costs. This will go along way in improving the riders income, savings, and general welfare.

Layth Al-Falaki, CEO of GuarantCo, said: “We are delighted to have closed this transaction with Spiro, and to have further cemented our strong relationship with Societe Generale. This landmark electric mobility project will contribute to improving the environment to the benefit of the people of Benin and Togo and will directly contribute to addressing the challenge of providing affordable, clean vehicles in the two countries.

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