By the end of 2025, electric mobility company Spiro had deployed about 22,000 electric motorcycles and more than 600 battery-swapping stations in Rwanda, according to its inaugural Sustainability Report. In Nigeria—Africa’s most populous country and one of its largest motorcycle markets—the company had deployed about 5,000 electric motorcycles.
The disparity is striking. Rwanda, with about 13 million people, hosts more than four times as many Spiro motorcycles as Nigeria, whose population exceeds 200 million. It is also the company’s largest operation across its six African markets, ahead of Uganda’s 16,000 bikes, Kenya’s 14,000, and Togo and Benin, which each have about 8,000.
The figures offer a rare look at how one of Africa’s biggest electric motorcycle companies is deciding where to invest. While investors often assume the continent’s largest motorcycle markets will attract the biggest electric vehicle (EV) fleets first, Spiro’s footprint suggests a different calculation, one that weighs government policy, infrastructure, manufacturing and the economics of battery swapping alongside demand.
In an interview with TechCabal on Tuesday, group chief executive Anant Badjatya said Rwanda’s lead reflects a combination of earlier market entry, supportive government policy and years of infrastructure investment.
Originally published by TechCabal.