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Spiro, an electric mobility company, has published its inaugural sustainability report. It offers a detailed look at how its operations affect the environment, society, and the economy.
It aims to set a starting point to measure future progress in developing clean transportation infrastructure and affordable mobility options.
The report outlines Spiro’s ambition to achieve net-zero Scope 1 and Scope 2 emissions by 2040 and projects that its electric mobility ecosystem will help avoid approximately 700,000 tonnes of CO₂ emissions annually by 2030.
“Resilient mobility is not a future ambition for Spiro- it is the system we are building today. By scaling clean, reliable electric mobility, we are strengthening urban transport, expanding economic opportunity, and supporting healthier cities across Africa,” says Kaushik Burman, Chief Executive Officer of Spiro.
Founded in 2014 by Gagan Gupta, Spiro has deployed more than 100,000 electric motorcycles and over 2,500 battery-swapping stations across seven African markets, recording more than 30 million battery swaps to date.
The report comes a few weeks after Spiro secured an additional $55 million investment from NewTrails Capital, bringing its latest funding round to a close at $270 million. The deal edges Spiro toward unicorn status, lifting its valuation to nearly $1 billion. This deal follows Spiro’s $215 million equity round announced in June, which was backed by Impact Fund Denmark alongside Equitane and FEDA.
“Having grown up in India, I have witnessed firsthand the impact of vehicle emissions on public health and urban environments. At Spiro, our responsibility as founders is not only to scale innovation, but to ensure that the systems we build endure economically, socially, and environmentally for generations to come,” said Gagan Gupta, founder of Spiro and chairman of Equitane.
As part of its sustainability roadmap, Spiro completed its first end-to-end greenhouse gas inventory covering Scope 1, 2, and 3 emissions across its operations and value chain.
Operational efficiency measures delivered an estimated 15–25% reduction in energy use at assembly facilities, and the company is evaluating the deployment of 80–125 KVA on-site solar solutions across selected battery-swapping stations to further reduce grid dependency.
The report also highlights Spiro’s investment in people and local capabilities. Through the Spiro Academy, the company trained more than 4,000 individuals across Africa in 2025 in areas including EV maintenance, battery management, and technical operations.
Initiatives such as Africa’s first women-led electric motorcycle assembly line reinforce the company’s commitment to workforce inclusion and local industrial growth. Spiro has created 6,000 direct and indirect jobs across its markets to date.
“This report reflects how far Spiro has come, not only in terms of growth, but in our ability to measure and improve our impact. As we expand across Africa, sustainability will remain a core business driver, shaping how we invest, manufacture, innovate and partner for the long term,” said Anant Badjatya, group CEO of Spiro.
Beyond environmental performance, the report underlines the economic benefits of electric mobility.
Commercial riders using Spiro motorcycles reduce operating costs by 70–80% compared with petrol-powered alternatives, while a third-party lifecycle assessment conducted on Spiro’s operations in Kenya found a 72% reduction in climate impact for its electric bikes.
Spiro currently operates across Kenya, Rwanda, Uganda, Togo, Benin, Nigeria, and Cameroon, and recently acquired India-based Coexlion, a motorcycle engineering and design firm, as it prepares to open its first African R&D centre in Kenya.
