News

India’s Spiro Launches Electric Motorbike Operations in Cameroon

India’s Spiro Launches Electric Motorbike Operations in Cameroon
Tuesday, 13 May 2025 17:17

Indian electric motorbike maker Spiro is entering the Cameroonian market. The company wants to promote electric mobility and support local industrial development, according to a May 10 announcement by CEO Kaushik Burman.

Spiro’s plan aligns with Cameroon’s goal of developing a local automotive industry. Under the 2025 finance law, electric vehicles are now exempt from the 12.5% excise tax. In addition, new electric motorbikes, batteries, and charging stations will benefit from a 50% reduction on their taxable value for a 24-month period.

The project will begin in July 2025 with the deployment of 100 electric motorbikes in Douala. Spiro will also set up a network of battery swap stations, with one station every 3 kilometers. The goal is to ease concerns about battery range and reduce operating costs. According to Rahul Gaur, Spiro’s General Manager for West Africa and Cameroon, “users will spend only CFA1,500 to cover 100 kilometers, which is cheaper than fuel-powered bikes.”

In Phase 2, Spiro plans to build a motorbike assembly plant in Cameroon. This facility will help meet user demand and ensure a smooth rollout of services.

The project is expected to create hundreds of direct and indirect jobs. On average, each battery swap station will employ about 3.5 people. Additional jobs will be created at the assembly plant and at future maintenance centers, where local engineers and technicians will be hired to encourage technology transfer.

Spiro’s expansion into Cameroon is part of a broader strategy backed by a CFA29.1 billion loan from Afreximbank, based on an agreement signed on May 17, 2024. The funding will support the development of an automated battery swap network and the rollout of new electric bike models, aimed at making clean mobility more affordable and practical.

The company is already active in Togo, Benin, Nigeria, Kenya, Uganda, and Rwanda. With its entry into Cameroon, Spiro is expanding its presence in the CEMAC zone. Founded in 2019, the company reports more than 3 million electric bikes in operation across Africa, with a total of over 341 million kilometers covered.

Cameroon is also seeing local efforts in this space. The start-up Bee plans to invest CFA610 million to introduce Tembo electric motorbikes.

 
On the same topic
• The International Monetary Fund (IMF) has authorized a $262.3 million disbursement for Ethiopia, taking total payments under Extended Credit...
(AfDB)-The Board of Directors of the African Development Bank Group has approved a $47.5 million loan to the Kingdom of Eswatini. The loan will...
External debt hits 70.63 trillion naira ($45.97 billion), up from $42.11 billion Domestic debt also increases as government faces growing...
(AfDB) - The African Development Bank and the Asian Infrastructure Investment Bank (AIIB) have signed an agreement strengthening their collaboration on...
Most Read
01

• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...

Coffee: Global Consumption Expected to Reach Record Level in 2025/2026
02

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
03

• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société ...

Burkina Faso: Vista Group Acquires Controlling Stake in Société Générale
04

Transport and food prices have been climbing steadily across Africa in recent years. In Côte d’Ivoir...

Côte d’Ivoire’s Fuel Price Cuts Haven’t Slashed Transport Costs–Yet
05

• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to b...

William Ruto in London: New Agreement Aims to Double Kenya-UK Trade by 2030
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.