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Swedish-Kenyan electric vehicle (EV) manufacturer Roam has opened its latest funding round to private investors for the first time, enabling individuals to purchase company shares via a crowdfunding campaign on Crowdcube, Europe’s largest equity crowdfunding platform.
This initiative is part of Roam’s Pre-Series B round, previously reserved for institutional investors, and aims to accelerate the growth of electric mobility solutions across Africa.
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Shares will be offered on a limited, first-come, first-served basis, with priority access given to those already on the waiting list.
“We’ve demonstrated that electric mobility is feasible, affordable, and scalable in Africa,” said Filip Lövström, Roam’s CEO and Co-Founder. “This crowdfunding campaign is about inclusion — we want our community and supporters to become part-owners of our mission.”
Roam is targeting Africa’s $15 billion motorcycle market, one of the fastest-growing in the world, by scaling its electric motorcycles and charging infrastructure.
Based at Roam Park in Nairobi, which has an annual production capacity of 50,000 units powered by Kenya’s 80% renewable energy grid, the company collaborates with partners such as Bolt, Hitachi, DHL, TotalEnergies, Wells Fargo, and M-KOPA to broaden access and financing options for riders.
