Spiro has appointed ex-Indofast Energy chief Anant Badjatya as Group CEO after its $215M equity raise, as it scales battery swapping and EV operations.
Spiro has appointed Anant Badjatya, the former CEO of India’s Indofast Energy, as group CEO. The leadership change comes shortly after Spiro disclosed a $215 million equity raise to expand across Africa.
Badjatya is best known for scaling battery swapping, which is a way to refuel an electric vehicle by exchanging a depleted battery for a charged one, like swapping an empty gas cylinder for a full one. At Indofast Energy, a joint venture between IndianOil and SUN Mobility, he helped oversee a network of more than 1,800 battery swapping stations serving around 90,000 vehicles per day.
Spiro said its previous CEO, Kaushik Burman, will now lead the company’s mobility services business. That unit covers electric vehicle deployment, rider leasing programmes, battery subscription services and fleet operations.
The broader group CEO role is expected to focus on group strategy and execution across energy infrastructure, battery swapping, logistics and vehicle manufacturing. Spiro’s fresh capital is also expected to support more swap stations, manufacturing operations and energy infrastructure on the continent.
For electric motorcycles to work at scale, uptime matters. Battery swapping networks reduce downtime because riders can replace a battery in minutes, instead of waiting for charging.
Spiro’s structure now draws a sharper line between the rider-facing transport business and the infrastructure-heavy energy and manufacturing plans. That separation can make performance easier to track, and it can help a fast-growing company hire and plan around different cost models.
Badjatya’s background signals where Spiro expects the hardest work to be next, building dense, reliable swap stations and operations that can handle high daily demand.
Primary Source: TechCabal
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