BEST Magazine
4 March 2026
Spiro secures $50m to expand Africa’s e‑mobility network
Why It Matters for ITAD
Market movements like this can signal shifts in demand for ITAD services.
Electric mobility company Spiro has strengthened its position in Africa, securing $50 million in debt funding from Afreximbank, along with new investors Nithio and the Africa Go Green Fund, managed by Cygnum Capital. The investment follows the firm’s record $100 million raise in October 2025, marking another major milestone for the continent’s fast‑growing e‑mobility sector.…
Key Takeaways
- • Spiro secures $50m to expand Africa’s e‑mobility network.
