Roam Opens Crowdfunding To Scale Electric Mobility In Africa

Electric vehicle manufacturer Roam has opened its doors to private investors for the first time through a new crowdfunding campaign on Crowdcube, Europe’s largest equity crowdfunding platform.

The campaign allows individuals from around the world to own a stake in the company as it works to expand electric mobility across Africa. The initiative is part of Roam’s upcoming Pre-Series B funding round, which is traditionally reserved for institutional investors. The company said a limited allocation will be available on a first-come, first-served basis, with early access granted to those on the waiting list before the public launch.

“We’ve proven that electric mobility is possible, affordable, and scalable in Africa,” said Filip Lövström, CEO and Co-Founder of Roam. “This crowdfunding campaign is about inclusion. We want anyone within our community, and supporters of our mission, to now be able to join us on our continued journey as a shareholder.”

Roam is targeting Africa’s $15 billion motorcycle market, one of the continent’s fastest-growing mobility sectors. The company aims to ramp up production of its flagship electric motorcycle and expand its solar-powered charging network across key markets.

The manufacturer operates from Roam Park in Nairobi, which has an annual production capacity of over 50,000 motorcycles. Its partners include Bolt, Hitachi, DHL, TotalEnergies, Wells Fargo, and M-KOPA.

Leveraging Kenya’s 80 percent renewable energy grid, Roam is working to make electric mobility affordable. Through its partnership with M-KOPA, the company is enabling customers to purchase motorcycles via daily micro-payments, reducing barriers to ownership.

Roam’s motorcycles are already used by ride-hailing drivers on Bolt and Uber, offering sustainable alternatives for urban transport. The company is also developing a solar-powered charging network with support from TotalEnergies and European grants.