Spiro, an electric bike company operating in Africa, has secured $55 million in new funding from NewTrails Capital, a Chinese investment fund. This funding is part of a larger push in 2026, following an earlier raise of $215 million in June 2026, bringing the total round to $270 million. The $55 million is equity, meaning the investor receives a share of the company. Spiro builds electric two-wheelers and operates in six African countries: Togo, Benin, Rwanda, Kenya, Uganda, and Nigeria, with small tests in Tanzania and Cameroon. The company has over 100,000 electric motorbikes on the road and runs over 2,500 battery-swap stations, where riders have made more than 30 million swaps. The money will help Spiro build more bikes, set up more battery-swap stations, and manufacture more bikes in Africa to cut costs and create jobs.