Okan Partners is pleased to announce that Spiro, a pioneer in the development of electric mobility in Africa, has secured an FCFA 37.8 billion facility (c. USD 63 million) from Société Générale, with an initial tranche of 21 billion FCFA (c. USD 35 million) backed by a 70% partial credit guarantee from GuarantCo.
This financing will enable Spiro to continue its development, with the deployment of 15,700 vehicles, 31,400 batteries, and 1,000 swap stations in Benin and Togo.
Okan Partners acted as the sole financial advisor to Spiro on this transaction, with Benjamin Romain (Managing Partner), Hubert Vermeren (Manager), and Léo Poupineau (Senior Associate).