Roam, Africa's growing electric car company, is encouraging investors to participate in the continent's clean e-mobility future through a crowdfunding campaign on Crowdcube, Europe's equity platform.
This is the first time the Nairobi-based EV pioneer has made investment opportunities available to the general public, allowing individuals from all over Africa and beyond to join Roam's journey.
Founded in Kenya and recently recognised by the Financial Times as one of Africa’s fastest-growing companies, Roam has built a strong footprint across the continent.
Its flagship motorcycle, the Roam Air, assembled at Roam Park in Nairobi with an annual capacity of 50 000 units, has already proven its endurance in long-distance expeditions from Nairobi to Addis Ababa and Nairobi to Stellenbosch.
Now, Filip Lövström, CEO and co-founder, has revealed that Roam’s crowdfunding campaign aims to expand production, expand solar-powered charging infrastructure, and grow its community of African riders and investors.
“We’ve proven that electric mobility is possible, affordable, and scalable in Africa. This campaign is about inclusion. We want our community to own part of the company and our mission,” he said.
Roam’s impact is already visible across Kenya’s transport ecosystem with its electric motorcycles being used by Bolt, Uber, DHL, and Wells Fargo, providing drivers with zero-emission alternatives that dramatically cut running costs.
Through its partnership with M-Kopa, Africa’s Pay-As-You-Go financier, riders can acquire a Roam Air through daily micro-payments, a model that has unlocked access for thousands of informal workers.
Africa’s motorcycle market, valued at over US$15 billion annually, represents a massive opportunity for e-mobility growth.
With Kenya’s 80% renewable energy grid and growing investor confidence, the Nairobi based EV company has positioned itself as an accelerator for driving the continent’s electric revolution.
“Africa is the future and the future is electric. By investing in Roam, we are not just building motorcycles but a movement for clean, inclusive mobility made in Africa, for Africa,” said Lövström.
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