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
Côte d’Ivoire, Guinea-Bissau sign deal to boost cultural ties Agreement includes exchanges, education, training, and festivals Deal...
• ECOWAS adopts regional framework to strengthen social protection systems• Only 16% of West Africans covered by at least one benefit, FAO reports•...
• WTO fishing subsidies deal takes effect after two-thirds ratification• Africa could benefit as illegal, subsidized fleets strain its waters• Only 23...
Saviu Ventures acquires stake in Jobo Interim, deal amount undisclosed This marks the 12th investment under the Saviu II fund for African...
Most Read
01

From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...

Africa's Boundless Future: How a simple mobile phone became a pocket bank for millions
02

• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...

WAEMU Region Records Second Straight Month of Deflation, at -0.9% in July 
03

Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...

Gabon’s Airtel, Moov to Share Towers Under Govt-Brokered Deal
04

Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...

Saudi Arabia’s 2025 Shopping List Now Includes Industrial Parks in Africa — With a $700 Million Entry Ticket
05

Even though it remains the smallest "crypto-economy" in the world, sub-Saharan Africa shows that vir...

Sub-Saharan Africa Crypto Transactions Up 52% to $205B on Inflation, Inclusion Push
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

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


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.