upepo
Elder Lister
Quick-thinking Indians have caught the scent. After investors got roasted in Kenyan fintech startups, it’s time to bring in a fresh batch. Life must continue. These crafty Indians at Basigo and Spiro have spotted an opportunity, not in electric mobility itself, but in funds looking for new frontiers to make money. Sometimes the opportunity is not the product, but those who see opportunity in the product. The Indians selected the latter. In the West, electric mobility is poorly understood. That is a huge advantage for electric mobility startups looking for investors. Investors will swallow whatever figures you concoct for them. Spiro is valuated at $1 billion, which is just crazy. By the time investors wipe their teary eyes, the Indians will have taken off with full pockets.