Dubai – Spiro, Africa’s leading electric mobility company, today announced the appointment of Ram Ramanathan as Group Chief Financial Officer (CFO).
Ramanathan joins Spiro with three decades of international finance and general management experience across multinational companies and large diversified groups.
His career spans strategic and operational finance, M&A, capital raising, treasury, corporate governance, financial transformation and performance management across multiple markets and sectors.
Before joining Spiro, Ramanathan held senior finance leadership roles at IFFCO Group, Landmark Group and PepsiCo, building three decades of experience across strategic finance, M&A, treasury, transformation and corporate governance.
Over his career, he has worked across more than 90 countries, led 22 cross-border transactions and helped arrange more than USD 5 billion in equity and international debt financing.
As Group CFO, Ramanathan will lead Spiro’s finance function and support the company’s long-term financial strategy as it continues to expand across Africa.
His responsibilities will include financial planning and performance, capital allocation, treasury, governance and financing, while supporting Spiro’s continued investment in its vehicle, battery-swapping, manufacturing and energy infrastructure.
Ramanathan’s appointment comes at a significant stage in Spiro’s growth, following a series of major financing milestones.
In 2026, the company raised USD 270 million in equity to support its expansion across Africa, while recently securing additional debt financing, including a further USD 18 million from the Africa Go Green Fund.
These investments are supporting Spiro’s continued expansion, localisation of its value chain and development of its manufacturing and battery-swapping infrastructure across the continent.
Anant Badjatya, Group CEO of Spiro, said: “Ram brings a depth of financial and strategic leadership that will be highly valuable as Spiro continues to scale.
“His experience across capital markets, M&A, treasury and transformation will strengthen our financial capabilities and support the next phase of our growth across Africa.
“As we continue to invest in our operations and infrastructure, his expertise will be instrumental in helping us scale sustainably.”
Ramanathan, the new Group Chief Financial Officer of Spiro, said: “Spiro has built an exceptional platform at the intersection of mobility, energy and technology, with the scale and ambition to fundamentally reshape transportation across Africa.
“I am excited to join the company at such an important point in its development.
“My focus will be on building the financial capabilities, governance and capital structures that can support Spiro’s continued expansion and help translate its strong operational momentum into sustainable long-term growth.”
About SpiroSpiro is Africa’s largest electric mobility company present in seven countries, operating the continent’s most extensive and fastest growing network of battery-swapping for electric two-wheel vehicles.
With more than 135 000 electric motorcycles, over 2 500 battery swapping stations and more than 50 million battery swaps to date, Spiro has achieved over 2.5 billion kilometres of low-carbon emissions travel, transforming mobility and economies through substituting expensive imported fossil fuel-based transportation with affordable, accessible and sustainable solutions.
Through its expanding regional production network and operational assembling facilities in Uganda, Kenya, Nigeria and Rwanda, Spiro is committed to delivering electric vehicles made in Africa by Africans for Africa and the world.
