The project

About

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 40% 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.

Mission

Roam designs and develops electric vehicles for emerging markets, focusing on bringing suppliers, manufacturers, financiers and partners together to enable the deployment of reliable, connected and accessible electric vehicles.

Vision

Electrifying the African transport and energy system.

Use of Proceeds / Loan purpose

With a EUR 261,000 inventory facility, Roam will be able to increase delivery of the newly launched electric motorcycle Roam Air for motorcycle taxi entrepreneurs in Kenya. This facility will enable a large group of low income earners to faster access this product which in turn can increase their daily savings by more than 50%. The Roam Air is locally assembled and can be charged in private or public electricity outlets or used with swappable rental batteries, some of which will be operated by the company. Roam already has signed contracts with asset finance companies and distributors that will onboard the drivers and offer them a pay as you go solution over 12 to 18 months so they can start saving from day one.