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Spiro ESS — Second-Life Battery Circular Economy Program

Location

Kenya

Sector

Green Mobility

Stage

Development Stage
Overview

Spiro is Africa’s largest electric two-wheeler company, operating a battery-swapping network across eight markets, with more than 80,000 electric motorcycles deployed and over 300,000 lithium batteries circulating through 2,500+ swap stations. As Spiro scales toward 2 million bikes by 2030, a growing share of these batteries will reach the end of their productive life in daily high-cycle motorcycle use — while still retaining significant capacity, making them well suited to lower-intensity stationary storage.

Spiro ESS repurposes these second-life batteries into cost-effective Battery Energy Storage Systems (BESS) before they reach end-of-life recycling. The pilot targets 400 stations — 20% of Spiro’s ~2,000-station Kenyan network — delivering an estimated 571 MWh of modelled storage capacity. Repackaged battery packs will be redeployed for swap-station backup power, mini-grid and commercial/industrial storage, and off-grid or unreliable-grid customers, offering storage at a fraction of the cost of new lithium-ion systems by drawing on a battery fleet Spiro already owns, tracks, and manages end-to-end via its existing cloud-based battery-health platform.

The project closes the loop on Spiro’s own battery lifecycle — extending useful life, deferring the cost and environmental footprint of recycling, and converting an end-of-life liability into a new, recurring revenue stream. It also strengthens grid resilience and clean-energy access in markets where unreliable power remains a binding constraint on business growth and rider livelihoods.

Investment Needs

$10 000 000

Investment Project Type:

Equity, Debt, Blended Finance, Grant Funding

Invested Value to Date:

$5 000 000

Funding Gap:

$5 000 000

Climate Classification:

Mitigation

Why Investing

1
Unmatched Access to Battery Supply & Data
Spiro benefits from direct access to batteries from its own e-mobility fleet, supported by real-time battery health data. This creates a competitive advantage in sourcing, assessing and repurposing batteries for second-life applications.
2
Dual Revenue & Cost-Saving Opportunity
The model combines avoided recycling and disposal costs with new revenue streams from Energy Storage System (ESS) sales and Storage-as-a-Service, creating additional value from existing battery assets.
3
Scalable Circular Economy Business Model
Leveraging Spiro's established multi-country distribution network, the project can scale second-life energy storage solutions while reducing battery waste, extending asset lifecycles and diversifying revenue beyond electric motorcycles.
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