Spiro, one of Africa’s leading electric mobility companies, has appointed Anant Badjatya as its new Group Chief Executive Officer, as the company accelerates its next phase of growth following a landmark $215 million equity raise.
The funding round, backed by major institutional investors including Impact Fund Denmark and Equitane, will support the expansion of Spiro’s electric vehicle and battery-swapping infrastructure across Africa. The capital will be deployed toward scaling its network, advancing local manufacturing, driving technology innovation, and enabling entry into new markets—further accelerating the continent’s transition to affordable, sustainable transportation and clean energy solutions.
Badjatya brings over two decades of experience across electric mobility, energy, and industrial sectors, with leadership roles spanning India, the Middle East, and Africa. He joins Spiro from Indofast Energy, a joint venture between Indian Oil and SUN Mobility, where he served as CEO. During his tenure, he built one of India’s largest battery-swapping networks, scaling it to more than 1,800 stations serving nearly 90,000 vehicles daily.
His appointment comes at a pivotal moment for Spiro as it ramps up its pan-African expansion strategy. The company is also strengthening its innovation capabilities, having recently acquired motorcycle engineering and design firm Coexlion and established its first African research and development center in Kenya. The move is aimed at enhancing product development, localization, and innovation for electric two-wheelers tailored to African markets.
Badjatya will oversee a broad mandate covering battery swapping infrastructure, vehicle leasing, logistics, energy solutions, and manufacturing operations. Meanwhile, Kaushik Burman will continue in his role as CEO Mobility, focusing on strengthening Spiro’s fleet and consolidating its leadership across its seven existing markets and beyond.
Spiro Founder and Chairman Gagan Gupta said the appointment signals the company’s intent to execute at scale.
“As Spiro accelerates its mission to transform mobility across Africa through clean, affordable, and accessible electric transportation solutions, Anant will consolidate the Group’s strategic initiatives and guide the company through its next chapter of growth and execution across mobility, energy, and technology,” Gupta said.
Badjatya described Africa as a key frontier for electric mobility, highlighting the continent’s potential for rapid adoption of sustainable transport solutions.
“Africa represents the most exciting frontier for electric mobility. Spiro has built a unique platform and is exceptionally well positioned to accelerate the transition to cleaner and more accessible mobility across the continent,” he said.
The leadership move, alongside fresh capital and expanded R&D investments, underscores growing investor confidence in Africa’s electric mobility sector, as companies like Spiro scale infrastructure and financing models to support mass adoption.