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Chinese NewTrails Capital Invests 55M into Africa's Leading Electric Mobility Firm: Statement

Chinese NewTrails Capital Invests 55M into Africa's Leading Electric Mobility Firm: Statement

Sputnik Africa

Chinese NewTrails Capital Invests $55M into Africa's Leading Electric Mobility Firm: Statement The latest funding round brings total investment to $270... 22.06.2026, Sputnik Africa

2026-06-22T17:51+0200

2026-06-22T17:51+0200

2026-06-22T18:04+0200

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Chinese NewTrails Capital Invests $55M into Africa's Leading Electric Mobility Firm: Statement The latest funding round brings total investment to $270 million, edging Spiro toward "unicorn" status, a term for startups valued at over $1 billion, the African company stated on Monday."We believe Spiro is driving a profound “energy revolution” across mobility use cases in Africa. This represents not only a vast and highly imaginative market opportunity, but also the potential to grow into an infrastructure-like business that creates meaningful commercial, social, and environmental value," Founding Partner of NewTrails Capital Yufan Zhang added. Spiro plans to expand its network of 100,000 electric motorbikes and 2,500 battery-swapping stations beyond its current seven African nations into Malawi, Mali, and Ethiopia, the company's founder Gagan Gupta said.Subscribe to @sputnik_africa Sputnik Africa | X

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