Spiro, an electric motorcycle and battery swapping platform has today raised $50 million in debt funding to support its battery swapping network across existing and new markets. The firm will also use the funds to further advance it’s tech platform to bolster its automated battery swaps, fast charging, and renewable energy integration.‍ The debt financing was led by Afreximbank with participation of two new investors Nithio and Africa Go Green Fund managed by Cygnum Capital. The new funding...

Roam, the Kenyan electric battery, bus and motorcycle manufacturer, has increased domestic production of key parts to 36%, including the body panels, wire harness, connectors, battery compartment, mechanical auxiliaries, and storage unit, in line with its commitment to local manufacturing. According to the firm, this step is expected to shorten the supply chain, reduce maintenance costs, and support Kenya’s growing clean-tech manufacturing sector by creating jobs. The announcement was made dur...