Davido celebrates $100m funding milestone with Spiro Africa, eyes $1bn valuation
Abdullateef Fowewe
Nigerian music star and entrepreneur Davido has highlighted his deep involvement with Spiro Africa, a clean energy mobility firm.
In post shared X, he announced, “$100 million raised and now officially on the road to a $1 billion valuation!”
Expressing pride in the venture, Davido said, “When I joined the movement and became a stakeholder in Spiro, I knew it was bigger than bikes. It’s about innovation, clean energy, and building opportunities that move Africa forward.”
He emphasised the impact on local economies, “This whole business is for the hustlers — the okada drivers, the delivery riders, and everyone grinding in the real on-ground economy. They are the heartbeat of this movement.”
Davido also highlighted the pan-African nature of the initiative: “From Lagos to Kigali, from Cotonou to Nairobi, we’re shaping a future that’s sustainable, profitable, and proudly African.”
He closed on a note of excitement for the company’s future saying, “Can’t wait until you see our product roll-out this December.”
In his message, Davido expressed gratitude toward partners and financiers, congratulating his collaborator real_gagan_gupta and thanking FEDA and Afriexim for their support.
