# Chinese growth capital is betting on Africa's electric motorcycle boom while Western VCs look the other way - Startup Fortune

> Spiro's latest $55M raise from NewTrails Capital puts the African electric motorcycle operator near a $1 billion valuation, and it says something blunt about the market: Chinese growth capital is seeing an…

- **Source:** [Startupfortune](https://startupfortune.com/chinese-growth-capital-is-betting-on-africas-electric-motorcycle-boom-while-western-vcs-look-the-other-way/?utm_source=gearopen.com&utm_medium=referral&utm_campaign=feed&utm_content=6a3935bc9d2e1dbe1a01dc9f)
- **Published:** 2026-06-22
- **Category:** Motorcycles
- **Tags:** #ev
- **Canonical:** http://localhost:4321/a/6a3935bc9d2e1dbe1a01dc9f

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_GearOpen's distilled summary. The full original article is published at Startupfortune (source link above); GearOpen does not republish the source's full text._