Spiro vs Convoy
Side-by-side comparison of AI visibility scores, market position, and capabilities
Raised $150M total in 5 months (Oct 2025 + Feb 2026). Africa's largest EV company by deployed units. 80,000+ e-motorcycles. 2,500+ battery swap stations.
About
Spiro is Africa's largest electric vehicle company by deployed units, having placed 80,000+ electric motorcycles across East and West Africa and built a network of 2,500+ battery-swapping stations. The company raised $100 million in October 2025 and an additional $50 million in February 2026 — $150 million in just five months — the single largest cluster of EV investment in African history.
Convoy was the digital freight marketplace that reached $3.8B valuation before shutting down in October 2023; assets were acquired by Flexport as the US trucking industry's digital transformation continues.
About
Convoy was a Seattle-based digital freight network that operated an automated matching platform connecting shippers with trucking carriers, aiming to bring Uber-style efficiency to the highly fragmented US trucking industry. Founded in 2015 by Dan Lewis and Grant Goodale, Convoy raised over $900M from investors including Google, Jeff Bezos, and T. Rowe Price, reaching a peak valuation of $3.8 billion as it grew to handle hundreds of thousands of loads per month across a network of hundreds of thousands of trucks.
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