Roam is a Swedish/Kenyan company that designs and develops electric mobility products for emerging markets, with a focus on electric motorcycles and electric buses for the East African market. The company started in 2017, and has since grown into an international team of 120 employees, with 30% women. Today, the company has an assembly facility for electric motorcycles in Nairobi, Kenya and a partnership with a local bus assembler for their co-designed electric buses.
General information
| Borrower | Roam Electric Limited |
| Country | Kenya |
| Head office | Nairobi |
| Website | https://www.roammotors.com |
| Founded | 20 March 2018 |
| Active on Lendahand since | 15 October 2022 |
| Credit Score | 2.4 |
Financial information per 2022-09-01
| Total assets | €1,671,362 |
| Revenue | €1,820,004 |
| Leverage ratio | 0.00% |
| Liquidity | 120.00% |
About Kenya
Kenya has the highest income per capita and the largest economy of East Africa, making the country the financial center of the region. This is partly due to its convenient location at the coast, allowing the country to be the regional trade center. Kenyans are typically higher educated compared to people in neighboring countries. There is a free market and low import and export restrictions. All of these factors lead to Kenya being the main location for foreign companies to settle in after South Africa. Important sectors are agriculture, industry and services, including the financial sector. The increase in export of tea and flowers also contributes to an influx of foreign currency.
Last funded project
KenyaRoam Electric Motorcycles 5
With an investment of EUR 120,000 Roam will be able to increase delivery of the electric motorcycle Roam Air for taxi entrepreneurs in Kenya. This delivery concerns 60 completely new electric motorcycles that will help the same number of entrepreneurs grow their businesses sustainably.