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technical analysis: diligent media corporation limited (dnamedia) ✌️【Market Trends】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. Spiro, a startup looking to eliminate fuel-guzzling motorbikes and scooters from the roads by trading them in for electric two-wheelers, is expanding to Kenya.

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technical analysis: diligent media corporation limited (dnamedia) ✌️【Market Trends】✌️ Free stock market analysis and data updates to help you select the best investment portfolio. Achieve steady growth and avoid losses with expert predictions and real-time market insights. Not only does the scheme reduce the number of petrol and diesel vehicles on the road and associated air pollution, but it also cuts costs for drivers in both fuel and maintenance, according to the company. The startup notes that some of its motorbike taxi drivers have reported profits rising from around $6 to $11 a day since joining the scheme.

technical analysis: diligent media corporation limited (dnamedia) ✌️【Market Trends】✌️ Real-time stock indices and futures data to help you seize the best investment opportunities. Analyze market movements with precision and grow your portfolio with expert stock predictions. A2022 reportfrom the FIA Foundation, an international transport and road safety charity, found that while the purchase price of electric motorcycles is currently greater than that of petrol-powered motorcycles, the operating costs are cheaper. It says that in many African countries, one liter of petrol will power a bike for about the same distance as one kilowatt-hour of electricity but will cost five to 10 times more.

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But for battery-swapping to work, there needs to be “reliable and accessible charging infrastructure,” says Samain. “Before distributing the first bike, we build a network of swapping stations, and they aren’t placed randomly: we carefully study the terrain and position our swapping stations in both urban and rural areas, ensuring extensive coverage.”

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Kenya’s president William Ruto, speaking in the coastal city of Mombasa at the launch of the initiative, said: “It creates jobs and transfers knowledge, technology and skills to our market in a very sustainable way.”

technical analysis: diligent media corporation limited (dnamedia) ✌️【Market Trends】✌️ Free stock data analysis tools to help you select stocks accurately and capture global market trends. Stay ahead with expert market predictions for better investment returns. According to theFIA Foundation, there were 27 million motorbikes registered in sub-Saharan Africa in 2022, rising from just 5 million in 2010, with around 80% of them used in the motorcycle taxi industry. The demand for two-wheelers is expected to grow even further, witha report from management consulting firm McKinseyestimating that electric and petrol motorbikes will make up over 45% of sub-Saharan Africa’s overall vehicle fleet by 2040.

technical analysis: diligent media corporation limited (dnamedia) ✌️【Market Trends】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. McKinsey warns that with increased demand, second-hand motorized vehicles that don’t meet emission standards in other countries around the world might end up being sold in Africa, where there is weak regulation. To avoid the continent becoming a “dumping ground” for unwanted polluting vehicles, enabling affordable and reliable electrification will be key, it says.

technical analysis: diligent media corporation limited (dnamedia) ✌️【Market Trends】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. Spiro, formerly known as M-Auto, is just one of the startups fueling this transition. Swedish-Kenyan startup Roam (formerly Opibus), which converts old vehicles to run off electric motors, opened East Africa’slargest electric motorcycle assembly plantearlier this year, while Ampersand has a fleet of around1,000 bikesas well as a small network of battery-swap stations across Kenya and Rwanda. Last week, US company Uber alsolaunched an electric motorbike service in Kenya, promising to roll out 3,000 bikes within six months.

But the scale of Spiro’s Kenya expansion dwarfs all existing fleets. “We’re surpassing the symbolic but significant milestone of one million electric bikes signed with a government,” says Samain. The startup has its foot on the accelerator, and by 2030, he wants it to be operating in at least 10 African countries.

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