Roam opens crowdfunding round to private investors

Roam, Africa’s fastest-growing electric vehicle company, has opened a crowdfunding campaign giving private investors around the world the chance to buy a stake in the firm as it pushes the growth of electric mobility across the continent.

The fundraising is being conducted on Crowdcube, Europe’s largest and the world’s first equity crowdfunding platform.

The campaign offers a limited allocation of Roam’s upcoming Pre-Series B round—typically a stage reserved for institutional investors—on a first-come, first-served basis. Early access is being given to those on a waiting list prior to the public launch.

"We've proven that electric mobility is possible, affordable, and scalable in Africa," said Filip Lövström, CEO and Co-Founder of Roam.

"This crowdfunding campaign is about inclusion. We want anyone within our community, and supporters of our mission, to now be able to join us on our continued journey as a shareholder."

The campaign focuses on the African motorcycle market, valued at over $15 billion annually, which is among the world’s largest and fastest-growing mobility sectors.

Investors joining the initiative will contribute to a clean technology shift aimed at reducing emissions, cutting fuel dependency, and empowering millions of entrepreneurs across Africa.

Roam plans to continue scaling its flagship electric motorcycle and expanding its charging network.

Roam’s growth is supported by global partners including Bolt, Hitachi, DHL, TotalEnergies, Wells Fargo, and M-Kopa.

Its operations are based at Roam Park in Nairobi, which has an annual production capacity of over 50,000 motorcycles and is powered by Kenya’s 80% renewable energy grid.

M-Kopa, Africa’s largest Pay-As-You-Go financier, enables access to Roam motorcycles through daily micro-payments.

In addition, Roam motorcycles are being used for ride-hailing services with Bolt and Uber, providing a sustainable alternative for urban transport.

The company is also building a solar-powered charging infrastructure with support from TotalEnergies and European grants.

This network already spans Kenya, serving thousands of riders daily, with plans to scale across the continent.

Roam was recently named by the Financial Times as one of Africa’s fastest-growing companies and is a finalist in Prince William’s Earthshot Prize, cementing its position at the forefront of Africa’s electric mobility revolution.