Spiro to Launch First EV Assembly Plant in Nigeria, Boosting West Africa’s Electric Vehicle Market

Spiro, an electric mobility company operating in seven African countries, is set to launch its first electric vehicle (EV) assembly plant in Ogun State, Nigeria, by March 2025.

This move marks a significant milestone in Spiro’s strategy to reduce reliance on imported vehicles and batteries, primarily from China, while becoming a key player in West Africa’s electric vehicle market.

The details

• The plant will ramp up production to 100,000 bikes in the first quarter of 2025, including local manufacturing of three-wheelers and batteries.
• Spiro will increase its production from the current 1,000 units in 2024, and the new facility will also expand the company’s entry into the three-wheeler segment.
• In January 2025, the company will start testing three-wheelers across various Nigerian states. The vehicles are expected to have a range of 100 km on a single charge.
• Spiro is committed to improving public infrastructure, with plans to spearhead the development of fast-charging stations across Nigeria.

Why it matters

• By localizing production, Spiro will help reduce the carbon footprint of transportation in Africa, where the sector contributes significantly to greenhouse gas emissions.
• Spiro’s battery-swapping model and partnerships with governments and other electric mobility companies position it as a leader in sustainable transportation in the region.

The bigger picture

• Spiro’s expansion is backed by strong government support, with partnerships in Uganda and Kenya aiming to deploy 140,000 and 1.2 million EVs, respectively.
• The company has already deployed 22,000 electric motorbikes across sub-Saharan Africa, and its growth plans include entering Tanzania, Ghana, and Cameroon, with further expansion into DRC and Angola by 2025.
• With over $143 million in funding, Spiro has invested heavily in scaling its operations and will require an additional $100 million for further expansion.

What’s next

The opening of the assembly plant in Ogun State represents a major leap forward in Spiro’s mission to transform Africa’s transportation landscape, making electric mobility more accessible, sustainable, and cost-effective.

Source: Condia