Spiro adds $55 million from NewTrails as it pushes Africa EV network toward unicorn scale
The follow-on check lifts Spiro's June equity round to $270 million, but the valuation behind the unicorn claim remains undisclosed.
By Ryan Merket · Published
Primary source: Bloomberg Technology
Why it matters
Spiro is one of the clearest tests of whether African climate mobility can support infrastructure-scale valuations, not just vehicle sales.
Spiro has secured an additional $55 million equity investment from NewTrails Capital, a follow-on commitment that pushes the African electric motorcycle and battery-swapping company's latest round to $270 million and brings it closer to the valuation threshold Bloomberg described Monday as near-unicorn status in its report.…
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