EV startup Spiro lands additional $18M debt facility from Africa Go Green Fund

The Africa Go Green Fund (AGG), a climate-focused debt vehicle managed by Cygnum Capital , has expanded its financial backing of African electric mobility company Spiro with a fresh $18 million capital injection. The follow-on transaction doubles AGG’s total financing commitment to $36 million, underscoring institutional confidence in the startup’s rapidly scaling business model and its tangible impact on the continent’s transport emissions. Scaling a Proven Mobility Ecosystem The new capital wi