The initiative, led by the Climate High-Level Champions, aims to mobilise capital for climate ventures in developing countries and emerging markets.
Spiro's inclusion in the RPCP Pipeline recognises its role as a key climate leader, delivering innovative, high-impact solutions that accelerate Africa's shift to a low-carbon, sustainable future in line with the United Nations Sustainable Development Goals (SDGs).
Founded in 2022, Spiro operates a vertically integrated platform that scales electric two-wheel mobility across eight African countries, including Rwanda, Benin, Togo, Nigeria, Kenya, Uganda, Cameroon, and Tanzania.
Its business model includes electric bike sales via distribution partners and financiers, battery-as-a-service subscriptions through an expanding swap station network, after-sales maintenance and spare parts services, and data monetisation via licensing and analytics.
To date, Spiro has deployed more than 35,000 electric motorbikes and facilitated over 20 million battery swaps, enabling upwards of 500 million kilometres of CO₂-free travel and reducing approximately 30,000 tons of carbon emissions.
Beyond environmental benefits, the company has created over 1,000 direct and indirect jobs in Kenya, Uganda, Rwanda, and Nigeria, with women making up more than 40% of its workforce.
Spiro's Academy also plays a crucial role in training local talent and supporting their transition into medium- and high-skilled employment.
Financially, Spiro generated USD 23 million in revenue in 2024 and projects a tenfold increase to USD 200 million in 2025. To fuel its expansion, the company is raising USD 50 million in Series A funding, complementing the USD 120 million in equity and USD 23 million in debt financing already secured.
Participation in the RPCP Pipeline will provide Spiro with increased visibility at key climate-focused events, opportunities to be featured in curated publications by the Climate Champions Team and partners, and access to a global network of climate stakeholders to foster collaboration and amplify impact.
Spiro, with over half a billion kilometres of CO₂-free travel achieved, aims to transform African economies by replacing costly fossil fuel-based transportation with affordable, locally manufactured electric mobility solutions.
Wycliffe Nyamasege
