What is Roam?
Roam is a technology-driven electric mobility company dedicated to designing and developing electric motorcycles and electric buses for emerging markets, commencing operations in Kenya. The company's core mission is to significantly offset global carbon emissions, reduce urban air pollution, and generate substantial financial value for end-users through its sustainable transport solutions. Roam's comprehensive ecosystem includes supporting infrastructure, advanced fleet management software, and robust after-sales services, all engineered to accelerate the transition to sustainable transportation in new frontier markets.
How much funding has Roam raised?
Roam has raised a total of $24M across 1 funding round:
Series A
$24M
Series A (2024): $24M with participation from TES Ventures, One Ventures, Remove Capital, and Equator
Key Investors in Roam
TES Ventures
TES Ventures BV is a venture capital firm based in Amsterdam, Netherlands, specializing in investments within the technology and innovation sectors. Their participation suggests a focus on companies with disruptive potential in emerging markets.
Equator
Equator is a digital transformation consultancy with extensive experience in driving innovation and growth across various industries. Their involvement indicates a strategic interest in Roam's technological advancements and market penetration strategies.
One Ventures
One Ventures is an investment entity that has participated in Roam's funding round. Further details on their specific investment focus are not publicly available.
What's next for Roam?
The recent major strategic investment in Roam signals a pivotal growth phase, likely enabling the company to scale its manufacturing capabilities, expand its operational footprint within Kenya, and potentially enter new emerging markets. This enterprise-level funding will be instrumental in solidifying Roam's position as a leader in sustainable transport solutions, driving innovation in electric vehicle technology and infrastructure development for regions with high potential for emission reduction and economic value creation.
See full Roam company page
