Spiro Taps New CEO to Drive Expansion Following $215 Million Funding Boost

Spiro has appointed a new Group CEO as it accelerates its expansion plans across Africa. The leadership change comes shortly after the company secured a $215 million equity investment to support its next growth phase.

The electric mobility firm has named former Indofast Energy chief executive Anant Badjatya as Group CEO, placing an experienced battery-swapping executive at the helm as it expands its footprint in energy infrastructure, manufacturing and battery-swapping operations across the continent.

The appointment follows one of the largest disclosed investments in Africa’s electric mobility sector, with the fresh capital expected to strengthen Spiro’s operations and support future growth initiatives.

As part of the restructuring, former CEO Kaushik Burman will now lead the company’s mobility services division. The unit oversees key business segments including electric vehicle deployment, rider leasing, battery subscription services and fleet operations.

Badjatya joins Spiro from Indofast Energy, a joint venture between IndianOil-Adani Gas Pvt. Ltd. and SUN Mobility. In his previous role, he managed a network of more than 1,800 battery-swapping stations serving approximately 90,000 vehicles every day.

The leadership transition comes as Spiro continues to expand across African markets. The company currently operates in seven countries, including Kenya, Rwanda, Uganda and Nigeria, where it has deployed more than 100,000 electric motorcycles and established over 2,500 battery-swapping stations.

Spiro founder and chairman Gagan Gupta said the new CEO will help advance the company’s strategic priorities as it deepens investments in energy infrastructure, logistics and vehicle manufacturing.

The appointment signals Spiro’s intention to strengthen its leadership capacity as it positions itself for the next stage of growth in Africa’s rapidly evolving electric mobility sector.