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NewTrails Capital

China–UAE News
Source: TradingView

Dubai Firm Spiro Partners With Chinese Manufacturers to Expand Africa EV Presence

Dubai-headquartered electric motorcycle and battery-swapping company Spiro is expanding across Africa, challenging the market dominance of India's Bajaj Auto and TVS Motor. The company assembles bikes using Chinese kits, has partnered with Chinese EV maker Yadea, and secured backing from Chinese fund NewTrails Capital. Spiro currently sells approximately 17,000 electric motorcycles per month across several African nations.

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