African electric mobility company Spiro has appointed Anant Badjatya, the former chief executive of Indofast Energy, as its new Group CEO following a landmark $215 million equity funding round aimed at accelerating its expansion across the continent.
The appointment marks a significant leadership restructuring for Spiro, one of Africa’s largest electric motorcycle and battery-swapping operators. Badjatya brings more than two decades of experience in the mobility, energy, and industrial sectors across India, the Middle East, and Africa. Most recently, he led Indofast Energy, a joint venture between IndianOil and SUN Mobility, where he helped build one of India’s largest battery-swapping networks, comprising more than 1,800 stations serving approximately 90,000 vehicles daily. (TechCabal)
The leadership change comes shortly after Spiro secured $215 million in fresh funding, one of the largest disclosed investments in Africa’s electric mobility sector. The company plans to use the capital to expand its battery-swapping infrastructure, strengthen manufacturing and assembly operations, and accelerate the deployment of electric vehicles across key African markets.
Under the new structure, former CEO Kaushik Burman will transition to lead Spiro’s mobility services division. In this role, he will oversee electric vehicle deployment, fleet operations, rider leasing programs, and battery subscription services, while Badjatya takes responsibility for broader strategic initiatives spanning energy infrastructure, battery swapping, logistics, and vehicle manufacturing.
Spiro founder and chairman Gagan Gupta said Badjatya’s appointment reflects the company’s ambition to scale its operations and strengthen execution as demand for clean transportation grows across Africa. He noted that the new Group CEO will guide the company through its next phase of growth in mobility, energy, and technology.
Currently operating in seven African countries, including Nigeria, Kenya, Rwanda, Uganda, Cameroon, Benin, and Togo, Spiro says it has deployed more than 100,000 electric motorcycles and built a network of over 2,500 battery-swapping stations. The company has also completed more than 30 million battery swaps, positioning itself as a major player in Africa’s emerging electric mobility ecosystem.
With fresh capital and experienced leadership, Spiro is betting that large-scale battery-swapping infrastructure will play a central role in Africa’s transition to cleaner, more affordable transportation.
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