Spiro unveils 1,000 new bikes as it expands electric mobility drive in Ogun State

Spiro, Africa’s leading provider of electric mobility solutions, has deployed 1,000 new electric bikes in Ogun State, marking a major expansion of sustainable transportation infrastructure in Nigeria.

President Bola Ahmed Tinubu and Ogun State Governor Prince Dapo Abiodun officially inaugurated the fleet on Saturday at the Gateway International Airport, positioning the deployment as a response to rising fuel costs and environmental challenges.

The initiative represents a significant step in advancing clean transportation across Nigeria by reducing carbon emissions and offering affordable alternatives to petrol-powered vehicles. Spiro operates the continent’s largest battery-swapping network for electric two-wheel vehicles.

“With rising fuel costs, our electric bikes provide a cost-effective solution for riders, passengers, and businesses,” said Kaushik Burman, CEO of Spiro.

“We are proud to partner with both the Ogun State Government and the Federal Government to deliver eco-friendly mobility that empowers Nigerians to improve their livelihoods whilst protecting the environment.” He added.

Addressing increasing fuel price costs with electric alternatives

Governor Abiodun stated that the Spiro electric bikes will help reduce the impact of rising fuel prices on transportation expenses in Nigeria.

“Today we displayed over 1,000 electric mobility solutions because of our forward approach in energy transition, supporting environmental sustainability, urban transportation, while mitigating the short occasion by the sudden increase in fuel prices which we are currently witnessing,” the governor stated.

The introduction of the 1,000 bikes is expected to generate new job opportunities, lower transportation costs, and ease traffic congestion in Ogun State. For riders operating commercial motorcycle services, eliminating fuel costs represents significant savings even after paying for battery swaps.

Similar read: Spiro raises $50 million to expand bikes and battery swap stations

“In these challenging economic times, Spiro’s electric bikes offer practical relief,” Burman added. “By reducing transportation expenses, we are helping individuals and businesses save money, enhance productivity, and contribute to a more sustainable future for Nigeria.”

Scaling electric mobility across Africa

The Ogun State deployment forms part of Spiro’s broader strategy to roll out thousands of electric bikes nationwide. The company currently operates in eight African countries, including Kenya, Uganda, Rwanda, Nigeria, Benin, Togo, Cameroon, and Tanzania.

Spiro has more than 80,000 electric motorcycles on the road, over 2,500 battery swapping stations, and has facilitated more than 30 million battery swaps to date. The company has also achieved over one billion kilometres of low-carbon emissions travel across its network.

The expansion follows Spiro’s recent $50 million funding round led by Afreximbank, with Nithio and the Africa Go Green Fund joining as new investors. That raise came just four months after a $100 million round, bringing total recent funding to $150 million.

Spiro assembles motorcycles locally through operational facilities in Uganda, Kenya, Nigeria, and Rwanda rather than importing finished bikes. The company also manufactures and circulates over 300,000 batteries across its network, which riders swap at stations instead of refuelling at traditional petrol stations.

The inauguration ceremony was attended by senior government officials, industry stakeholders, and dignitaries. Spiro’s commitment to building a cleaner transportation ecosystem in Africa aligns with government efforts to reduce carbon emissions while providing economic relief through lower transportation costs.

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