Spiro
About
Electric mobility company cited for a major equity transaction that significantly contributed to Africa's funding surge.
Founders
Recent News
Spiro targets green industrialisation as UAE capital flows into Africa
Dubai-headquartered Spiro, founded by Gagan Gupta, is scaling electric motorcycle assembly and battery-swapping networks across multiple African markets, aiming to convert UAE/Gulf capital into local industrial capacity and clean-energy infrastructure.
Kenya Startup Funding Slips to KES 16.3B as Egypt and Nigeria Pull Ahead
Kenyan startups raised KES 16.3 billion in H1 2026, down from KES 17 billion in H1 2025, leaving Kenya third in Africa behind Egypt and Nigeria as clean-energy megadeals slowed. The 2025 surge was concentrated among a few large clean-energy players, making 2026's opening appear weak by comparison.
Tanzania back as fifth-largest startup funding destination on the continent
Tanzania attracted $52 million in startup funding in H1 2026 to become the continent's fifth-largest destination for startup finance, with broader investor interest and notable companies like Plate AI and Kilimo Fresh Foods cited. The report also highlights a major $327 million raise by electric mobility company Spiro contributing to the continental surge.