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Davido Makes History with Electric Bike Line, Raises Over $130 million

by Frank Ulom
28 January 2025
in Business, Entertainment
Davido Makes History with Electric Bike Line, Raises Over $130 million

LAGOS – Nigerian Afrobeats superstar David Adeleke, popularly known as Davido, has announced a groundbreaking venture into the electric mobility industry with the launch of his own line of electric bikes in partnership with Spiro.

This development marks a significant step in the singer’s entrepreneurial journey as he champions sustainability and economic empowerment across Africa.

The project, backed by an impressive $130 million in funding, positions Davido as one of the leading figures in promoting environmentally friendly transportation on the continent.

With the capacity to assemble thousands of electric bikes daily, the venture aims to meet the rising demand for sustainable mobility solutions while creating jobs and opportunities for local communities.

Speaking on the initiative, Davido said, “This is more than a deal; it’s a statement. It’s ownership, empowerment, and legacy in motion.”

The electric bikes will be available across Nigeria and other African countries, including Kenya, Uganda, Rwanda, Tanzania, Benin, Togo, and Ghana. This expansion underscores Spiro’s vision of building a greener Africa by reducing carbon emissions and providing accessible transportation.

The collaboration between Davido and Spiro highlights the growing intersection between celebrity influence and sustainable innovation in Africa. By leveraging his platform, the artist hopes to inspire others to embrace solutions that drive positive environmental and economic impact.

This venture adds to Davido’s list of achievements beyond the music industry, cementing his status as a forward-thinking entrepreneur dedicated to leaving a lasting legacy.

Tags: Davido News

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