Want to invest in Roam? Here’s your chance

From the newsletter

Electric motorcycle company Roam has commenced a crowdfunding campaign, inviting the general public to invest in the company for the first time. Roam has set the minimum investment at KES 150,000 ($1,163). “We have a limited amount we are allocating to our community but we have no target (amount),” Roam co-founder Albin Wilson told Mobility Rising.   

• Roam says it commands 40% of the electric motorcycle market in Kenya and recorded a 550% revenue growth between 2020 and 2023. The company, which has a manufacturing capacity of 50,000 units annually, expects €40 million ($46.3 million) revenue from carbon credits within 5 years.  

• Africa’s EV sector heavily relies on large, institutional investors. Roam’s crowdfunding drive transitions financing from being purely reliant on large, risk-averse institutional venture capital to a community-supported, locally-owned model. 

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