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ROAM

Location

Kenya

Sector

EV's & Battery Tech

Stage

Implementation
Overview

Roam has designed, developed, and deployed the Roam Air Electric Motorcycle locally in Kenya, focusing on affordability, performance, and safety for the user.

Sub-Saharan Africa relies heavily on boda bodas (motorcycles) for commercial transport, with over 27 million bikes on the road compared to less than 5 million a decade ago. Operators, who spend $4 or KES540 daily on fuel, are negatively impacted by this cost. With Roam Air, urban transportation challenges can be mitigated and CO2 emissions and operating expenses reduced while still providing one million direct jobs to riders.

Investment Needs

$20 000 000

Investment Project Type:

Private

Invested Value to Date:

$35 000 000

Funding Gap:

$20 000 000

Climate Classification:

Mitigation

Why Investing

1
Strong Existing Market Demand
The value proposition for electric motorcycles is already strong for end-users at the current price point, with Roam attracting paying clients through its partnership with M-Kopa. This demonstrates existing demand and market readiness.
2
Strategic Partnerships Drive Growth
Roam's partnership with M-Kopa is a key driver of growth, and both companies benefit from investments in supply chain and design for cost reduction. This strategic alignment positions Roam for rapid expansion.
3
Favorable Asset Finance Environment
The asset finance industry recognizes the benefits of electric motorcycles, including increased client revenue, lower default rates, and access to green capital. This creates a favorable investment environment for Roam and its partners, allowing for rapid scaling across the continent.
Hans van Toor
Strategy & Innovation
https://www.roam-electric.com/
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