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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Ride-hailing service»Spiro ventures into Nigeria’s electric mobility scene; aims to revolutionize last-mile transportation
    Spiro Ventures

    Spiro ventures into Nigeria’s electric mobility scene; aims to revolutionize last-mile transportation

    1
    By Staff Writer on February 19, 2024 Ride-hailing service

    In a strategic move to revolutionize last-mile transportation in Nigeria, electric-scooter startup Spiro is enticing motorbike taxi operators to embrace the green alternative amid regulatory challenges. Teaming up with the Ogun State government, Spiro plans to deploy 250 stations over the next six months, allowing drivers to seamlessly switch electric batteries. With operations already in Benin, Togo, Rwanda, and Kenya, Spiro, led by CEO Kaushik Burman, expresses excitement about electrifying Nigeria, the continent’s largest market.

    Motorbike taxis serve as a primary mode of last-mile transportation in numerous African cities, presenting a significant growth opportunity for electric two-wheelers. Spiro aims to expand its African fleet, consisting of 12,000 bikes, capitalizing on rising urbanization and a youthful population. Despite regulatory uncertainties faced by motorbike taxis in Nigeria, Spiro’s collaboration with the Ogun State government signifies a bold step in realizing their ambitious plans for electrification in Africa’s most-populated nation.

    While Nigeria grapples with regulatory challenges, the removal of a fuel subsidy could propel the electric-mobility sector forward. As Africa’s largest crude exporter, Nigeria aims to achieve full conversion to electric vehicles by 2060, aligning with its energy transition plan for carbon neutrality. In the midst of these developments, Spiro’s entry into Nigeria’s electric mobility landscape emerges as a pioneering move, potentially reshaping the future of last-mile transportation in the country.

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    1. Pingback: Spiro obtains $50 million in debt financing from Afreximbank for African electric vehicle expansion - Innovation Village | Technology, Product Reviews, Business

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