How Chinese investors are supercharging Africa’s multibillion-dollar e-bike boom

By backing local production and infrastructure, Chinese firms are driving a shift to clean energy in Africa’s two-wheeler market The investors supply essential components and batteries for local assembly, while supporting infrastructure such as battery-swapping networks to ease the transition. The funding is part of a US$270 million financing round supported by Impact Fund Denmark, Equitane and the Fund for Export Development in Africa. Spiro is using the funding to scale its mission to replace petrol-powered motorcycles with electric bikes and build a continent-wide battery-swapping network. The deal opens the doors to Chinese suppliers, offering the manufacturing power and technology needed to grow quickly while avoiding common supply chain bottlenecks.

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