Country
Togo
Sector
Technology / Transport
Intelligence Type
Capital
Status / Stage
Active
Estimated Value
USD Million 50
Confidence
Confirmed
Latest Development
Spiro — Africa’s largest electric motorcycle (e-moto) company — secured a $50 million term loan from Afreximbank in Q1 2026 to expand its fleet across African markets. Spiro operates in Rwanda, Benin, Togo, Kenya and Uganda and has deployed over 25,000 electric motorcycles across the continent.
Capital Details
Capital TypeLoan
DateQ1 2026
Investor / FinancierAfreximbank
Recipient / BorrowerSpiro (electric motorcycle company)
Purpose of CapitalFleet expansion across African markets — electric motorcycles for commercial use (boda-boda / okada riders)
Financing StructureAfreximbank term loan. Spiro deploys e-motos through lease-to-own arrangements for commercial motorcycle operators.
Market Significance
Largest single financing for electric mobility in Africa. Spiro is the first African EV company to reach 25,000+ units deployed — demonstrating that the African e-mobility market is real and financeable.
What Happens Next
Fleet expansion to new African markets and additional EV financing rounds.
Commercial Opportunity
E-moto fleet expansion creates battery supply, charging infrastructure, and last-mile logistics procurement opportunities.
Commercial Opportunity Intelligence
Commercial ReadinessCommercially Active
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)Businessday NG (April 22, 2026 — Q1 2026 private capital report); Afreximbank official
Source DateQ1 2026