Spiro obtains $50 million in debt financing from Afreximbank for African electric vehicle expansion

Spiro, an electric vehicle enterprise based in India, has secured a significant debt financing agreement worth $50 million with Afreximbank to bolster its market presence in the regions where it currently operates. The company has a footprint in six African nations—Benin, Togo, Kenya, Nigeria, Uganda, and Ghana—and has set its sights on expanding into Cameroon … Continue reading Spiro obtains $50 million in debt financing from Afreximbank for African electric vehicle expansion