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 Intensifies AFCON 2027 Preparations as Sports Budget Proposal Rises to Sh32.24 Billion

Kenya is stepping up preparations to host AFCON 2027, with the State Department for Sports…

11 hours ago

KRA Collects Sh7.8 Billion from Taxpayers Outside Formal Tax Records

The Kenya Revenue Authority (KRA) says its ongoing push to widen tax compliance is beginning…

11 hours ago

Opposition leader Gachagua calls for action to reduce fuel prices

Rigathi Gachagua, the former Deputy President and current leader of the Democracy for Citizens' Party…

12 hours ago

Matatu Operators Suspend Planned Strike for Seven Days

Matatu owners and operators have suspended their planned nationwide strike for seven days following a…

2 days ago

Ruto holds crisis talks as fuel prices trigger public outcry

President William Ruto’s administration is scrambling to contain widespread public outrage and nationwide transport paralysis…

2 days ago

Nationwide Transport Strike Paralyzes Kenya Following Fuel Price Surge

A nationwide transport strike paralyzed major towns and cities across Kenya on Monday after public…

2 days ago