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ROAM RAPID

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Electric vehicle manufacturer raises funds to boost production of locally assembled electric buses & motorcycles

Swedish-Kenyan electric vehicle firm Roam has raised $14 million from equity investors besides a $10 million debt commitment from the US government, taking its latest fundraising to $24 million (Sh3.8 billion). The company says the funds will be used to expand its production of locally designed and assembled electric motorcycles and buses. The equity investment was led by Equator Africa which was joined by At One Ventures and TES Ventures among others. The debt will be sourced from the US government’s International Development Finance Corporation (DFC). Roam said the funding will also be used to fuel its mission to revolutionise African transportation with innovative products specifically designed for consumers across the continent. https://www.businessdailyafrica.com/bd/corporate/companies/electric-cars-firm-roam-gets-sh3-8bn-financing--4525202

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  • We Don't Have Time

    8 w

    Dear Kevin Your climate love has received over 50 agrees! We have reached out to ROAM RAPID by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

    2
    • George Kariuki

      8 w

      This is a positive step towards mitigating climate change and ensuring a cleaner future for all.

      2
      • Chris Ndungu

        9 w

        These news are imposing! It has come to save the environment, in deed we can't wait to see more investment in electric vehicle production been done by many!

        3
        • walter lungayi

          9 w

          Great to see more investment in electric vehicle production! This will help to reduce emissions and promote sustainable transportation options.

          3
          • Jane Wangui

            9 w

            @walter_lungayi Any opportunity we get to reduce carbon emissions we take.Good job Roam Rapid.

            3
          • Joseph Githinji

            9 w

            Great commitment by Roam Rapid in creating sustainable mobility. This is the way to go.

            8
            • dickson mutai

              9 w

              Major steps towards sustainable transportation solutions in Kenya and Africa in general

              5
              • Saustine Lusanzu

                9 w

                Impressive news,we need more of it this

                11
                • zelda ninga

                  9 w

                  This is good news the kind of news we need to hear...good work to Roam Rapid.

                  11
                  • Kevin

                    9 w

                    @zelda_ninga_442 They have been doing amazing work with those electric buses

                    4
                    • Saustine Lusanzu

                      9 w

                      @zelda_ninga_442 exactly

                      4
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