Spiro Secures $7M from Nithio to Expand African E-Mobility Operations
African electric mobility company Spiro has secured a $7 million senior debt working capital facility from Nithio’s Facility for Adaptation, Inclusion and Resilience (FAIR), the companies said on Wednesday, marking Nithio’s first direct investment in the e-mobility sector. The financing will support the expansion of Spiro’s electric motorcycle fleet and its battery-swapping network across existing and new markets, while strengthening working capital to meet rising demand for clean transpor...













