Watu and Spiro Announce Partnership to Improve Access to Affordable Financing for Electric Motorcycles
By Grace Mwende Asset financing company Watu Credit (Watu) and Spiro, a pioneer in sustainable urban mobility solutions, have announced a partnership to improve access to affordable financing for electric motorbikes in Kenya.
Spiro has set up a headquarters in Mombasa, has the largest electric two-wheeler fleet in Africa with over 10,000 bikes deployed in Kenya, Benin, Togo, Rwanda and Uganda.
Speaking during the announcement, Erick Massawe, Kenya Country Manager, Watu said: “Through this partnership, we will leverage our dealership network to make Spiro electric bikes accessible to customers through affordable financing starting in Mombasa. We plan to further expand across a network of over 300 dealers countrywide, expanding the EV market in Kenya.”
Spiro started its operations in Mombasa last year following a high-level launch event with President William Ruto.
‘’Our motorbikes have been very well received in Mombasa, and the demand has exceeded expectations,’’ ...