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Spiro Raises $100 Million, the Largest-Ever Investment in Africa’s E-Mobility
Spiro says it plans to deploy more than 100,000 electric bikes across Africa by the end of 2025, a 400% year-over-year jump that underscores its ambition to dominate a category long considered too fragmented to scale.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Ampersand Lands New Funding Aims for 13,000 Electric Motorcycles and a Doubled Battery-Swap Network by 2026
"The fresh capital will fund a rapid roll-out of battery-swap stations and charging infrastructure aimed at cutting riders’ energy costs and shrinking urban emissions."
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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M-KOPA Posts First Ever Profit, Bets on E-Mobility for Next Growth Phase
The Nairobi-based fintech swung to a US$9.2 million profit in 2024 from a US$20.6 million loss the previous year, according to audited results seen by The Kenyan Wall Street.
- Categories
- Finance, Technology, Transportation
- Region
- Sub-Saharan Africa
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Report: Reimagining the Future of Entrepreneurship Support in East Africa
A new report from WDI, "Reimagining the Future of ESOs in East Africa," integrates insights from accelerators, incubators, investors, ESO donors and intermediaries in the East African entrepreneurship ecosystem.
- Categories
- Education, Energy, Environment, Health Care, Investing, Social Enterprise, Technology, Transportation
- Region
- Global
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China Strikes $1.4 Billion Deal With Zambia, Tanzania for Railway Upgrade
China, Zambia and Tanzania have struck a $1.4 billion deal to modernise the ageing Tanzania–Zambia Railway, a lifeline for moving copper out of southern Africa.
- Categories
- Investing, Transportation
- Region
- Sub-Saharan Africa
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Arc Ride Secures $10 Million in Funding to Expand Electric Motorcycle Battery-Swapping Network Across Kenya
The company’s Battery-as-a-Service (BaaS) model enables riders to swap a depleted battery for a fully charged one in minutes, reducing fuel costs and addressing the range anxiety often associated with electric vehicle adoption.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Kenya’s eBee Lays off Employees Across All Departments in Major Restructuring
"The layoffs reflect broader challenges facing Kenya’s e-mobility sector, where riders are opting for cheaper electric motorbikes over eBee’s bicycles . . ."
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-mobility, failure, scale, startups
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Analysis: India’s Biofuel Drive is Saving Billions but also Sparking Worries
It's not just consumers - the government's blended fuel push has also raised concern among climate researchers and food policy experts.
- Categories
- Transportation
- Region
- Asia Pacific
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