Electric Vehicle Company Roam Founders to Sell Shares to Private Investors

Roam, Africa’s fastest growing electric vehicle company, has launched a crowdfunding campaign offering private investors an opportunity to buy a stake in the company as it accelerates the growth of electric mobility in Africa.

The raise is being conducted on Crowdcube, Europe’s largest and the world’s first equity crowdfunding platform. Roam, which the Financial Times recently named among Africa’s fastest-growing companies and a finalist in Prince William’s Earthshot Prize, is making available a limited allocation of its upcoming Pre-Series B fundraising round, a stage typically reserved for institutional investors.

The allocation will be offered on a first-come, first-served basis and will close once it is filled. Early access is being granted to those on the waiting list before the public launch.

“We’ve proven that electric mobility is possible, affordable, and scalable in Africa,” said Filip Lövström, CEO and Co-Founder, 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 targets the African motorcycle market, one of the world’s largest and fastest-growing mobility sectors, valued at over $15 billion annually. Investors have the opportunity to be part of a defining clean technology shift, helping to reduce emissions, cut fuel dependency, and empower millions of entrepreneurs across Africa. The journey continues by scaling Roam’s flagship motorcycle and expanding its charging network.

Roam has built a solid growth path, supported by global partners like Bolt, Hitachi, DHL, TotalEnergies, Wells Fargo, and M-KOPA. The company operates from 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.

The company’s momentum is fuelled by partners like M-KOPA, Africa’s largest Pay-As-You-Go financier, which makes the Roam electric motorcycle accessible through daily micro-payments. Roam motorcycles are also being used for ride-hailing by drivers for Bolt and Uber, offering a sustainable alternative for urban transport.

To support its vehicles, Roam is building a solar-powered charging infrastructure supported by TotalEnergies and European grants. This network already spans across Kenya, with the capacity to serve thousands of riders daily, and is ready to scale across borders.

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