Spiro secures $50m debt funding from Afreximbank to expand electric vehicles in Africa
Spiro has signed a $50 million debt financing deal with Afreximbank to expand its offering in its existing markets. The company operates in six countries and plans to expand to Cameroon and Morocco this year.
Africa’s mobility startups: Electric and global ambitions fuel funding surge
Nigerian mobility startup Moove has raised $76 million in funding for global expansion, with Uber reportedly looking to back the company with an additional $100 million. Kenyan electric mobility standout Roam has raised $24 million in funding to expand its production of electric motorcycles and buse
Kenyan Roam Secures $24M to Advance African EV Production
Roam secures $24 million in funding to expand operations across Africa. Equator Africa leads a $14 million Series A equity round for Roam.
Kenyan EV startup Roam secures $24m to scale production
Roam raises $24 million in equity and debt to expand local manufacturing capabilities and scale up production. The funding round was led by Equator Africa and included participation from other investors.
Roam raises $24M to scale electric vehicle production in Kenya
Roam, an EV startup based in Kenya, has raised $24 million in a Series A round to scale the production of electric motorcycles and buses. The investment comes as Roam doubles down on the assembly of its Move bus model, launched last year.
