What it sells
E-mobility in Africa.
Business model breakdown
Buyer: who owns the budget?
Commercial riders (boda-boda, delivery, passenger) who own or finance the e-motorcycle; financing partners also use Spiro CredTrack.
Workflow: what inputs become what output?
Rider uses the Ekon 450M1 (about 100 km per swap), checks battery and nearby swap stations in the Spiro app, swaps depleted battery at a station, while IoT tracks bikes/batteries and CredTrack shows financing partners usage and repayment status.
Economics: what it saves and how it charges
Bike plus battery swap, with financing tracking tools (CredTrack) for financing partners.
Distribution: how it reaches customers
Book-a-test-ride flow on site, own swap-station network, financing partners and OEM partnerships (e.g. Yadea).
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2025-10-21 | — | $100M | — | news.google.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.