In a significant boost for the African e-mobility sector, two companies have successfully secured substantial funding in October 2025. Spiro and Moniepoint are set to leverage these investments to expand their operations and improve their services across the continent. According to analysts cited in the report, the outlook is promising.
Spiro Raises $100 Million in E-Mobility Funding
Spiro has raised an impressive $100 million, making it the largest e-mobility funding round recorded in Africa to date. This capital will enable the company to enhance its infrastructure and accelerate the deployment of electric mobility solutions throughout the region.
Moniepoint Completes $90 Million Series C Funding
Meanwhile, Moniepoint has completed a $90 million Series C funding round, which will support its growth strategy and service diversification. Both companies are poised to play a pivotal role in transforming the transportation landscape in Africa, addressing the increasing demand for sustainable mobility options.
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