How Chinese investors are supercharging Africa’s multibillion-dollar e-bike boom

Chinese investors are significantly contributing to Africa's burgeoning electric two-wheeler market, a sector valued in the billions. These investors are providing crucial components and batteries for local assembly of electric motorcycles, which are a vital mode of transport for millions across the continent, often known as boda-bodas or okadas. They are also investing in supporting infrastructure, such as battery-swapping networks, to facilitate the shift from petrol-powered vehicles to electric ones. A recent example of this investment trend is Shanghai-based NewTrails Capital's US$55 million investment in Spiro, a leading electric two-wheeler provider in Africa. This influx of capital and resources is driving a substantial energy transition within the continent's two-wheeler transport sector.