Spiro secures $50m debt funding from Afreximbank to expand electric vehicles in Africa
Spiro, an India-based electric vehicle company, has signed a $50 million debt financing deal with Afreximbank to expand its offering in its existing markets. The company operates in six countries: Benin, Togo, Kenya, Nigeria, Uganda, and Ghana, and plans to expand to Cameroon, and Morocco this year. The company has spent the past two years mapping African cities and identifying potential markets. It claims to be the largest operator of electric...
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