Categories: AfricaBusiness

Spiro to Build First EV Assembly Plant in Nigeria

SPIRO electric mobility company plans to establish its first electric vehicle assembly facility in Ogun State, Nigeria, by March 2025.

The plant will target production of 100,000 electric bikes in Q1 2025, expanding from current output of 1,000 units, while introducing three-wheeler manufacturing and battery production to reduce dependency on Chinese imports, founded in 2019,Spiro operates on a unique battery-swapping model, offering riders convenient access to swap stations, fast and slow chargers, and home charging solutions. This flexible approach ensures the timely and convenient delivery of energy to customers.

The company’s expansion strategy includes deploying 140,000 EVs in Uganda and 1.2 million in Kenya through government partnerships, having already distributed 22,000 electric motorbikes across sub-Saharan Africa.

With $143 million in funding
secured and plans to enter Tanzania, Ghana, Cameroon, DRC, and Angola by 2025, Spiro will develop fast-charging infrastructure across Nigeria while implementing a battery-swapping model to
support its growing EV network.

Branislav Moses Opudo

Recent Posts

Kenya to hike civil servant salaries, risk allowances

Thousands of civil servants and local administrators are set for a substantial pay rise following…

2 hours ago

NTSA Removes Instant Traffic Fines From eCitizen Platform to Curb Motorist Fraud

The National Transport and Safety Authority (NTSA) has officially removed instant traffic fine payments from…

2 hours ago

High Court Postpones Bail For Utumishi Girls Minors As Judicial Scrutiny Mounts Over Arson Tragedy

The Kibera High Court has officially deferred its bail ruling for eight minors from Utumishi…

2 hours ago

Kenya Interior PS Raymond Omollo Denies State Involvement in Abductions

Interior Principal Secretary Dr. Raymond Omollo has firmly denied state involvement in recent abductions, asserting…

3 hours ago

Telkom Kenya Rolls Out Low-Cost Unlimited Data Plans to Win Heavy Internet Users

Telkom Kenya has introduced new unlimited internet packages for prepaid customers. The move is aimed…

2 days ago

World Bank Approves $750 Million to Support Kenya’s Governance and Reform Agenda

The World Bank has approved fresh funding to support Kenya's reform programme. The financing is…

2 days ago