Strategic Leadership Shift at Spiro Amidst Rapid Expansion

One of Africa’s leading electric motorcycle and battery-swapping startups, Spiro, has announced a significant leadership change with the appointment of Anant Badjatya as its new group CEO. This follows closely on the heels of a substantial $215 million equity raise—one of the largest disclosed investments in Africa’s burgeoning electric mobility sector.

Proven Experience in Battery-Swapping Networks

Badjatya brings to Spiro extensive experience in building scalable battery-swapping infrastructure. Prior to this role, he served as CEO of Indofast Energy, a joint venture between IndianOil and SUN Mobility, where he oversaw operations that supported over 90,000 vehicles daily across more than 1,800 battery-swapping stations.

Clearer Strategic Separation

This leadership restructuring creates greater distinction between Spiro’s rider-facing transport business—which includes vehicle leasing and battery subscription services—and its broader ambitions in energy infrastructure, manufacturing, and logistics. Kaushik Burman, who previously served as CEO, will now lead the company’s mobility services division.

Continued Growth Trajectory

With this investment, Spiro aims to expand its battery-swapping network, manufacturing capabilities, and overall energy infrastructure across Africa. The company currently operates in seven markets—including Kenya, Rwanda, Uganda, and Nigeria—with over 100,000 electric motorcycles deployed and more than 2,500 battery-swapping stations established.

“Africa represents the most exciting frontier for electric mobility,” Badjatya noted. “Spiro has built a unique platform that is exceptionally well positioned to accelerate cleaner and more accessible transportation across the continent.”