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Find all the economic and financial information on our Orishas Direct application to download on Play StoreSociété Générale and GuarantCo, part of the Private Infrastructure Development Group (PIDG), are in partnership with Spiro, which is preparing to considerably expand its electric motorcycle fleet, as well as the associated batteries and exchange stations, in Benin and Togo .
In order to considerably expand its electric motorcycle fleet, Spiro will rely on a financing solution of 37.8 billion XOF (approximately 63 million USD), with a first instalment of 21 billion XOF (approximately 35 million USD), from Société Générale, secured by a partial credit guarantee of 70 % by GuarantCo. Spiro aims to replace conventional combustion engines with clean electric alternatives, dramatically reducing CO2 emissions and air pollution. For Jules Samain, the CEO of Spiro, “this pivotal financing from GuarantCo and Société Générale
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