Spiro and Zeroca have struck a strategic partnership that ties Africa’s fast-growing electric mobility push to credible climate finance. The collaboration centers on channeling carbon revenue into e-motorbike deployment in Kenya and Nigeria, where transport decarbonization can scale quickly. Both companies frame the deal as a way to bring transparency, financial viability, and measurable impact to the shift from petrol two-wheelers to cleaner electric fleets.
Partnership Overview
Under the agreement, Spiro contributes its operating scale, technology stack, and battery swapping network, while Zeroca provides carbon market structuring, aggregation, and transactions. The goal is to convert emissions reductions from electric motorbike operations into high-integrity carbon credits that can be sold into premium compliance markets. Revenues are intended to lower total cost of ownership for riders and operators, unlocking faster adoption and broader access to e-mobility services.
Mechanism and Finance
Zeroca specializes in developing and aggregating e-mobility carbon programs, including projects eligible for transactions under the Paris Agreement’s Article 6. By aligning monitoring and verification with recognized methodologies, the partnership seeks to generate credits that meet stringent buyer expectations. Spiro’s dense battery swapping model and data telemetry can support robust measurement, creating a pathway to bankable cash flows that reinforce fleet financing, charging operations, and local assembly.
Why Article 6 Matters
Article 6 enables countries or authorized entities to trade Internationally Transferred Mitigation Outcomes, creating a government-linked demand channel for verified reductions. Positioning e-mobility within this framework can improve price discovery, contract tenors, and assurance, which are critical for capital formation. Zeroca’s focus on premium compliance segments is designed to avoid low-quality offsets and to align credits with national climate targets and transparency rules.
Operational Footprint
Spiro, formerly M Auto Electric, has built operations across Kenya, Nigeria, Rwanda, Uganda, Benin, and Togo, with roots in West Africa and ongoing East Africa expansion. The company is scaling local assembly, battery production, rider training, and financing to accelerate the shift from petrol motorcycles to electric two-wheelers. Its stated ambition is to exceed 100,000 bikes on African roads by the end of 2025 and reach 2 million in circulation by 2030, milestones that would amplify the partnership’s emissions impact.
Governance and Integrity
Zeroca, founded in 2024 as a joint venture between Switzerland’s Grütter Consulting and the Netherlands-based Rebel Group, brings a global e-mobility track record and programmatic aggregation approach. The company works with local partners and national initiatives, including in Nigeria, to build transparent registries, baselines, and crediting systems that stand up to scrutiny. Spiro and Zeroca emphasize high-integrity project design and verification to ensure that every credited ton reflects real, additional, and durable emissions reductions.
Local Benefits and System Effects
Channeling carbon revenues into electric fleets can reduce rider operating costs, improve air quality in dense urban corridors, and cut noise pollution. Battery swapping reduces downtime, which increases driver earnings potential while avoiding grid strain from unmanaged charging. Over time, the partners expect that climate finance and scale efficiencies will help stabilize unit economics and attract more institutional investors to African e-mobility infrastructure.
Implementation in Kenya and Nigeria
The initial focus on Kenya and Nigeria reflects market size, policy momentum, and the presence of active transport ecosystems. Both countries are working on frameworks that recognize the role of clean transport in meeting national climate goals, making them logical starting points for Article 6-aligned programs. As crediting protocols mature and data builds, the model can be expanded to additional cities and regions where two-wheeler transport dominates daily mobility.
This partnership connects operational excellence with credible climate finance at a moment when Africa’s transport emissions and urban growth demand scalable solutions. By combining Spiro’s network and telematics with Zeroca’s carbon market engineering, the companies aim to create a replicable, standards-driven template for e-mobility financing. If execution meets the integrity claims, the collaboration could accelerate electric two-wheeler adoption while setting a higher bar for transparency in carbon-funded transport projects.