Spiro Named in TIME 100 Most Influential Companies of 2024

Spiro, Africa’s largest electric vehicle company, has been at the forefront of the continent’s transition to sustainable transportation. With over 15,000 bikes and more than quarter of a billion non-polluting kilometers driven across six countries, Spiro is dedicated to reducing environmental impact and enhancing urban mobility. The company’s mission includes building an integrated EV ecosystem in Africa with numerous partners and establishing a wide range of charging infrastructure, including battery swapping and direct charging.

Kaushik Burman, CEO of Spiro, commented: “This recognition for Spiro  in the Time 100 list is humbling and will catalyze our efforts to demonstrate our ability to innovate and deploy affordable mobility to customers thereby fostering financial inclusion, and empowering the lives of our customers and communities.”

In Africa, greenhouse gas emissions from transportation are growing at a rate of 7 percent each year. Air pollution is the second biggest killer across the continent, associated with heart disease, stroke, and lung cancer. Around 1.1 million people die prematurely from air pollution in Africa each year.

Spiro provides a solution by offering clean, efficient, and sustainable transportation options through its fleet of electric motorbikes and extensive suite of solutions which include battery swapping, fast charging and home charging infrastructure. By reducing reliance on fossil fuels and lowering emissions, Spiro is actively contributing to the improvement of air quality and public health across Africa.

Spiro is the largest electric vehicle company in Africa, with over 14,000 bikes and over 9 million swaps in Benin, Togo, Nigeria, Kenya, Rwanda and Uganda. Operating across multiple African nations, Spiro’s mission is to reduce environmental impact and enhance urban mobility, build an integrated EV ecosystem in Africa with a multitude of partners, and establish a wide range of charging infrastructure which includes battery swapping and direct charging.

 Group CEO of Equitane, Spiro’s holding company, Anish Jain, added: “This accolade underscores the innovative work we are doing in Africa  and beyond. We are committed to expanding our services and infrastructure to support the growing demand for sustainable transportation options.”

Spiro is a leading EV company, with more than 15,000 innovative electric bikes deployed across Africa. Its innovative battery swapping technology allows riders to exchange batteries easily and safely in a matter of seconds at its battery swapping stations.  Spiro is delivering clean energy and sustainable transportation in Benin, Togo, Kenya, Rwanda, Uganda and Nigeria, with plans to launch in Ghana later this year. Spiro riders have collectively driven almost a quarter of a BILLION KM without polluting Earth’s atmosphere.

With over 15,000 electric motorbikes and 40,000 swappable batteries in operation across Benin, Togo, Rwanda, and Kenya, Spiro is at the forefront of Africa’s transition to sustainable transportation. Spiro’s riders have swapped batteries 8 million times in the last two years.

Spiro’s technical innovation centre, based in Pune, has developed the technology platforms to deliver a Pan African smart energy ecosystem, powering the transition to sustainable transportation across the continent.

Spiro is a subsidiary of Equitane, a global conglomerate focused on creating sustainable and innovative solutions across diverse industries. With a mission to lead responsible development worldwide, Equitane invests in and supports companies that align with its vision of integrating sustainability into business practices. The group is made up of leading subsidiaries in sectors such as renewable energy, healthcare, agribusiness, and technology, each contributing uniquely to our collective impact.