Spiro is gearing up to significantly boost its motorcycle production capacity in Nigeria, ramping up from 30,000 to an impressive 200,000 bikes. This exciting development was announced during
Spiro is gearing up to significantly boost its motorcycle production capacity in Nigeria, ramping up from 30,000 to an impressive 200,000 bikes. This exciting development was announced during the Spiro Nigeria Media Connect event held in Lagos on Friday, where company executives shared insights about their ambitious plans, including the expansion of their battery-swapping network and the introduction of electric motorcycles to more regions of the country.
Prasad Sane, the managing director and country head of Spiro Nigeria, revealed that the company is preparing to relocate its assembly operations from Sagamu in Ogun State to a new facility to accommodate this major increase in production.
“Right now, our plant produces around 30,000 bikes, but we are committed to scaling up to 200,000 bikes soon, and we will be moving to a new location,” Sane stated. While he provided a glimpse into the future, he kept details about the new site, the timeline for the move, and the expected cost of expansion under wraps.
In addition to expanding capacity, Spiro is also exploring the development of local manufacturing capabilities, which may include the production of batteries and other components right here in Nigeria. This move promises not only to boost job creation but also to strengthen the local economy, as Spiro continues to position itself as a key player in the Nigerian motorcycle market.
Spiro plans to take its battery-swapping network beyond four statesThe recent event shed light on the important role that battery-swapping stations play in supporting Spiro’s electric motorcycle business in Nigeria. Edward Amanambu, the head of operations for Spiro Nigeria, shared exciting updates about the company’s journey since launching in July 2024. Starting off with just three battery-swapping stations in Ogun State, Spiro has quickly expanded its presence to Lagos, Oyo, and Benue states, successfully completing around 84,000 battery swaps.
Looking ahead, Spiro has ambitious plans to enhance its network further by adding eight new stations by the end of December 2026. Among these expansions, larger stations are set to be established in Ijebu, Sagamu, and Ibadan. Additionally, the company is gearing up to expand its reach into Kano, Kaduna, and Abuja in 2027. The goal is to target 18,600 motorcycles, whether through new sales or conversions, and establish a total of 62 major battery-swapping stations across the planned network.
These larger stations are designed to make it easier for riders to access batteries, especially as the number of electric motorcycles continues to grow on Nigerian roads. For instance, a mega-station equipped with 48 battery racks could serve approximately 1,200 riders, significantly improving convenience for users.
Similar read: Spiro secures fresh $55M from Chinese investor NewTrails Capital for African EV expansion
Spiro has set an ambitious target of selling 50,000 motorcycles by 2027, with an ultimate goal of having 100,000 electric bikes on the roads within the next two to three years. This vision not only promises to revolutionise urban transportation but also positions Spiro as a key player in Nigeria’s shift towards sustainable mobility.
New motorcycle models take the spotlightAt the event, Spiro took the opportunity to unveil its exciting product development plans for the Nigerian market. Attendees were treated to a sneak peek of the Spiro Ekon M1V 3, a model that is still under wraps and has yet to hit the Nigerian streets. They also got to see the Ekon M12 up close, a motorcycle that offers several impressive features such as stylish alloy wheels, bright LED lighting, a convenient storage compartment, and a longer seating area for added comfort.
These demonstrations were more than just a showcase of sleek designs; they highlighted Spiro’s vision for enhancing its product lineup alongside its innovative charging and battery-swapping infrastructure.
The company’s ambitions in Nigeria come on the heels of significant financing announcements made earlier in the year. In February, Spiro secured $50 million in debt financing, followed by a substantial $270 million equity funding round in June, which included a notable $55 million investment from NewTrails Capital.
While the company hasn’t specified how much of this funding will be set aside for its assembly plant or battery-swapping network in Nigeria, the numbers certainly set a strong foundation for expansion. The developments announced at the Lagos event underscore Spiro’s commitment to boosting electric motorcycle adoption across the country. The focus is on local assembly, improving access to battery-swapping facilities, and penetrating new markets.
The Spiro Ekon M12
As we look ahead, the real challenge will be how swiftly Spiro can roll out the necessary infrastructure and production enhancements. With a promising future in electric mobility on the horizon, all eyes will be on Spiro to see how it navigates this ambitious journey.
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