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Chinese growth capital is betting on Africa's electric motorcycle boom while Western VCs look the other way
BUSINESS ★ FEATURED
Chinese growth capital is betting on Africa's electric motorcycle boom while Western VCs look the other way
Spiro has closed a $270M total raise after Chinese fund NewTrails Capital added a $55M tranche, pushing the African electric motorcycle operator to the edge of unicorn status. The deal spotlights a widening gap between Chinese and Western investors on African emerging-market bets, and validates a battery-swap model built for markets where Western EV orthodoxy doesn't apply.
Dave Barr
5 min read
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