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Spiro

Formerly M Auto

Spiro is an electric vehicle company that is revolutionizing the two-wheelers sector in Africa by offering custom-made e-bike solutions that support the specific needs of each country.

Created with Highcharts 11.4.6Highcharts.com

Total Fundraised$133M

Debt Financing
Others
Calendar Image2019
Established
HeadquarterGradient ImageNairobi, Kenya
Headquarter
OperationalGradient Image
NGA
UGA
RWA
BEN
TGO
KEN
Operational Market
SectorGradient Image
Electric Vehicle
Transportation
Automotive
Primary Sector
EmployeeGradient Image501 - 1,000
Employees
PinGradient ImageDebt Financing
Current Stage
GlobeGradient Imagehttps://spironet.com/
Website

Spiro's Stages

Round Image

Others

Round Image

Debt Financing

Funding Types by Funds Raised (in USD)

Created with Highcharts 11.4.6Funding TypeTotal Amount113M113M20M20MRound Raised in USDDebt FinancingOthers010M20M30M40M50M60M70M80M90M100M110M120MHighcharts.com

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Cumulative Funding Raised Over Time

Created with Highcharts 11.4.6Total Amount in USDFunding Rounds Over TimeTotal Raised in USDQ2 2022Q3 2023Q2 2024050M100M150MHighcharts.com

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Spiro's Investors by Funding Rounds

Funding Round

Announced Date

Disclosed Investors

Round Amount (USD)

Funding Type Image
Others
24 May 2022

20M

1 Investors

Funding Type Image
Debt Financing
02 Aug 2023

GuarantCo

Societe Generale

63M

2 Investors

Funding Type Image
Debt Financing
18 May 2024

African Export-Import Bank

50M

1 Investors

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Spiro's
Key Team Members

Kaushik Burman
Wangeci Kanjama
Shuvai Madanhire
Samir Mishra

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