Roam raises $24M to scale electric vehicle production in Kenya
- Roam, an EV startup based in Kenya, has raised $24 million in a Series A round to scale the production of electric motorcycles and buses.
- The investment comes as Roam doubles down on the assembly of its Move bus model, launched last year.
- Roam plans to increase production to meet demand and aims to produce 1,000 motorcycles a month.
The investment in Roam is a positive development for the EV market in Africa. With the funding, Roam can scale up production and meet the growing demand for electric motorcycles and buses. This investment also highlights the sustained investor interest in the African climate sector, indicating a positive outlook for the industry.
