Spiro Secures $215 million Funding; New Pune Center Aims to Scale African EV Platform

Indian entrepreneur Gagan Gupta leads Spiro, an electric‑vehicle platform focused on Africa. Spiro announced it has raised $215 million in new funding. The capital will be used to expand its vehicle offerings across the continent. A dedicated technology centre will be set up in Pune, India. The Pune centre is intended to drive engineering and scaling efforts continent‑wide. The investment signals strong investor confidence in Africa’s EV market. It may accelerate production and deployment of electric vehicles in key African regions. Stakeholders will watch for rollout timelines and further partnership announcements.