Kaushik Burman

ASSETFIN100 I 2026

Kaushik Burman

Kaushik Burman — Snapshot and Highlights

Recognition Citation

Under the leadership of Kaushik Burman, Spiro expanded one of Africa's largest electric-mobility and battery-swapping platforms during the assessment period. The company secured US$100 million in strategic investment, added a further US$50 million debt facility, deployed more than 60,000 electric motorcycles and operated over 1,200 battery-swapping stations. Its battery-as-a-service model also supported more than 26 million swaps across six African markets. These achievements underpin his inclusion in the AssetFin100 Africa 2026.

Profile Snapshot

Position
Chief Executive Officer
Company
Spiro
Country
Pan-African
Sector
Electric Mobility, Vehicle Access and Battery-as-a-Service
Asset Focus
Electric motorcycles, battery leasing, battery swapping, rider financing, fleet deployment and charging infrastructure
Assessment
January 2025 – June 2026

2025–2026 Highlights

Strategic Investment US$100m Raised to expand vehicle deployment, battery infrastructure and regional operations.
Debt Facility US$50m Secured from institutional lenders to accelerate clean-mobility infrastructure.
Electric Motorcycles 60,000+ Deployed across Spiro's African operating markets.
Swap Network 1,200+ Stations Battery-swapping network supporting financed and subscribed riders.
Battery Swaps 26m+ Completed through Spiro's battery-as-a-service platform.
Operating Footprint 6 Countries Regional operations spanning multiple East and West African markets.

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