Diligence memo · auto-generated · as of July 2, 2026
Spiro
Spiro has raised $100M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Spiro operates in Climate / Cleantech, based in Kenya, Africa. Kenya-based Spiro, a leader in two-wheel transportation and battery swapping, has raised US$100 million in funding to boost its mission of providing affordable and accessible mobility to the masses while transforming Africa’s clean energy and urban transport sectors.
Sub-sector tags: climate/cleantech, mobility.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Spiro has raised $100M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $100M on 2025-10-23.
Most recent recorded round closed around 2025-10-23.
Valuation (modeled)modeled
Provath models Spiro at approximately $579M (range $356M–$734M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Last raise 8 mo ago; this sector typically re-raises about every 9 months.
Raising on or ahead of the sector's normal rhythm.
Comparablesmixed
Capital scale ranks ahead of 89% of Climate / Cleantech peers (207 compared).
Modeled value ranks above 89% of those peers.
Closest niche peers: SolarSaver.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.