NAIROBI, Kenya — Financing for electric vehicle transport is ramping up in Africa as confidence rises in the potential for battery swapping, fast charging and other technologies. Spiro, Africa’s largest electric mobility operator, has secured $50 million in debt financing from African Export-Import Bank (Afreximbank), U.S.-based climate fintech Nithio and the Africa Go Green Fund to expand its battery-swapping network. The announcement comes days after Arc Ride, another e-mobility firm,...

QuantumScape (QS), the leading commercial developer of solid-state batteries, has now rallied for nine consecutive sessions. This has led the battery maker to a new three-year high with shares reaching $15.03 in Friday’s afternoon session. QuantumScape continues to benefit from news of its state-of-the-art Cobra separator process reaching production goals, which will allow the company to begin commercializing its battery technology over the next two years. The broader market has seen inves...