Roam Funding: How Much Did They Raise & Key Investors

How Much Did Roam Raise?
Funding & Key Investors

Roam, a pioneer in the electric mobility sector, has successfully secured a major strategic investment, bringing its total capital accumulation to $24M. This latest injection of $24M underscores the company's robust growth trajectory as it scales its operations within the African market. By focusing on high-impact transport solutions, Roam has positioned itself as a critical player in the transition toward sustainable infrastructure in emerging economies.

The recent financing round reflects strong investor confidence in the company's ability to deliver scalable electric motorcycles and buses. This capital infusion is expected to accelerate the deployment of its proprietary fleet management software and supporting charging infrastructure, further solidifying its market presence.

What is Roam?

Roam

Manufacturing

Automotive Parts

Motor Vehicles

Roam operates at the intersection of technology and sustainable transport, specifically targeting the unique requirements of emerging markets. The company designs and manufactures electric motorcycles and buses, which serve as a dual-purpose solution for carbon emission reduction and economic value creation for end-users. Beyond hardware, Roam provides a comprehensive ecosystem that includes after-sales support and fleet management software, ensuring that the transition to electric mobility is both seamless and operationally efficient for commercial operators.

How much funding has Roam raised?

Roam has raised a total of $24M across 1 funding round:

2024

Series A

$24M

Series A (2024): $24M with participation from TES Ventures, Remove Capital, Equator, and One Ventures

Key Investors in Roam

TES Ventures

TES Ventures BV is a venture capital and private equity firm based in Amsterdam, focusing on early-stage investments and strategic growth support.

Equator

Equator is a digital transformation consultancy that provides strategic consulting, data-driven AI solutions, and engineering expertise to help businesses scale and innovate.

Remove Capital

Undisclosed investor participating in the funding round.

What's next for Roam?

With this major enterprise-level funding, Roam is poised to expand its manufacturing capacity and deepen its footprint in Kenya and beyond. The strategic roadmap likely involves scaling production to meet the rising demand for cost-effective, low-emission public and private transport. By leveraging its integrated software and infrastructure services, the company aims to set a new standard for electric mobility in frontier markets, potentially serving as a blueprint for global sustainable transport initiatives.

See full Roam company page

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