What is Roam?
Roam is a technology-driven electric mobility company dedicated to designing and developing electric motorcycles and electric buses tailored for emerging markets, with an initial focus on Kenya. The company's innovative products aim to significantly reduce global carbon emissions and local air pollution in urban centers, while simultaneously offering substantial financial value to end-users. Roam complements its vehicle offerings with essential supporting infrastructure, advanced fleet management software, and comprehensive after-sales services, creating a robust ecosystem to accelerate the transition to sustainable transportation in new frontier markets.
How much funding has Roam raised?
Roam has raised a total of $24M across 1 funding round:
Series A
$24M
Series A (2024): $24M with participation from Equator, TES Ventures, Remove Capital, and One Ventures
Key Investors in Roam
Equator
Equator is an award-winning digital transformation consultancy specializing in driving innovation and growth across various industries, including private equity, wealth management, healthcare, and retail. They leverage 25 years of expertise to deliver measurable results through data-driven strategies and human-centered design.
TES Ventures
TES Ventures BV is a venture capital firm based in Amsterdam, Netherlands, operating within the Venture Capital & Private Equity industry. The firm focuses on providing investment and strategic support to promising companies.
Remove Capital
Undisclosed investor participating in the funding round.
What's next for Roam?
The substantial enterprise-level backing Roam has received, highlighted by its recent major strategic investment, positions the company for accelerated scaling and market penetration. This significant capital infusion is expected to fuel further product development, expand manufacturing capabilities, and broaden its operational footprint within emerging economies. Roam's focus on creating a comprehensive ecosystem, including infrastructure and software, suggests a strategic approach to overcoming adoption barriers and driving widespread sustainable transport solutions. The company's trajectory indicates a strong potential to become a leader in electrifying mobility in regions where the impact on emissions and cost savings can be most profound.
See full Roam company page
