Roam's Electric Leap: $24M Boost for Kenya's Electric Vehicle Production

Electrifying Kenya's Roads

Roam, a dynamic electric vehicle startup in Kenya, has successfully raised $24 million in a Series A funding round, marking a significant stride in electric mobility within the continent. This financial infusion is set to amplify the production of electric motorcycles and buses, reinforcing Roam's vision to transform African transportation with eco-friendly alternatives.

Funding and Future Horizons

The funding round, led by Equator Africa and supported by an array of investors including At One Ventures and TES Ventures, coupled with a substantial debt commitment from the U.S. International Development Finance Corporation, lays a solid foundation for Roam's expansion plans. This capital will be instrumental in scaling up Roam's manufacturing capabilities, particularly at the newly established 10,000 sqm Roam Park facility, and in driving innovations that promise to make electric mobility more accessible and efficient across Africa.

Pioneering Sustainable Mobility

Roam stands at the forefront of sustainable transport solutions, having introduced versatile electric motorcycles that offer both ownership and battery rental options, thus catering to a wide range of consumer needs. With a keen eye on affordability and environmental impact, Roam's electric buses and motorcycles are designed to meet the unique demands of African roads, promising a greener and more cost-effective alternative to traditional fuel-powered vehicles.