Africa’s largest electric mobility company appoints New CEO to lead its growth strategy following landmark $215 million funding round.
Spiro, Africa’s leading electric mobility company, has appointed Anant Badjatya as its new Group Chief Executive Officer. The move signals a significant step up in leadership capacity as the company looks to translate its recent record-breaking fundraise into operational growth across the continent.
Badjatya steps into the role with over two decades of experience building and scaling businesses across the electric mobility, energy and industrial sectors in India, the Middle East and Africa — making him a well-suited architect for Spiro’s ambitious pan-African roadmap.
From India’s Largest Battery-Swapping Network to Africa’s
Badjatya’s most recent post was CEO of Indofast Energy, the joint venture between IndianOil and SUN Mobility, where he oversaw the development of one of India’s largest battery-swapping networks. Under his leadership, the network grew to more than 1,800 stations serving close to 90,000 vehicles every day — a track record that maps directly onto the infrastructure challenge Spiro is tackling at scale across Africa.
That experience is not incidental. Battery swapping is central to Spiro’s business model, and bringing in a leader who has already cracked that playbook in a high-volume, price-sensitive market gives the company a meaningful operational edge.
Coming Off a Landmark Funding Round
The appointment follows Spiro’s US$215 million financing round — described as one of the largest investments ever made in Africa’s electric mobility sector. With that capital now in hand, the company needs the leadership horsepower to execute across a broad mandate that spans battery swapping, vehicle leasing, logistics, energy infrastructure and local vehicle manufacturing.
Badjatya will consolidate the Group’s strategic initiatives and guide Spiro through what Founder and Chairman Gagan Gupta describes as its “next chapter of growth and execution in mobility, energy and tech.”
“As Spiro is accelerating on its mission to transform mobility across Africa through clean, affordable and accessible electric transportation solutions, Anant will consolidate the Group’s strategic initiatives and guide the company through its next chapter of growth,” Gupta said.
A Continental Opportunity
For Badjatya, the move represents a deliberate pivot toward what he sees as the world’s most compelling frontier for electric mobility.
“Africa represents the most exciting frontier for electric mobility,” he said on his appointment. “Spiro has built a unique platform and is exceptionally well positioned to accelerate the transition to cleaner and more accessible mobility across the continent. I look forward to working with our teams, partners and stakeholders to drive the next phase of growth and impact.”
Spiro by the Numbers
Spiro currently operates more than 100,000 electric motorcycles on African roads, backed by over 2,500 battery-swapping stations and more than 30 million battery swaps completed to date. The company has built its model around replacing costly fossil-fuel transport with affordable electric alternatives — with a growing regional production and assembly footprint to match its stated goal of building electric vehicles made in Africa, for Africa and the world.
With Badjatya now in the Group CEO seat, the question is how quickly that footprint can scale. Given his background, the answer may come faster than the market expects.
