The last time we heard from African electric motorcycle startup Spiro, the company was planning to roll out 140,000 e-motos in Uganda. Now Spiro is working to put even more bikes and battery swap stations on the road thanks to new funding. The company just landed approximately US $63 million, in partnership with Societe Generale and GuarantCo, part of the Private Infrastructure Development Group…

Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as…

After posting strong Q2 earnings, EV maker Rivian (RIVN) is raising guidance numbers for the year. Rivian continues ramping production while gross margins improved by 50%. Overall, it was a solid improvement quarter-over-quarter. Rivian Q2 2023 earnings preview Yesterday, we posted a preview of what you can expect from Rivian’s Q2 earnings report, indicating investors will be watching…

The Hyundai Motor Group announced it would target one of the largest auto markets globally with plans to unveil five EV models in India as it transitions to an electric future. After surpassing GM, Nissan, and Stellantis in annual volume last year, the Hyundai Motor Group (HMG), including Kia and Genesis, became the third-largest automaker globally. The automotive group has kept the momentum…