A startup designing and assembling electric motorcycles and buses specifically for African roads, emphasizing local collaboration.
Roam opens its doors to everyday investors in $20M pre-series B push
Roam is offering retail investors a chance to participate in its pre-Series B funding round through Crowdcube. The company aims to raise between $15 million and $20 million, with 5-10% open to retail investors.
Kenya’s Roam turns to retail investors to fund its next growth phase
Roam is opening part of its pre-Series B round to retail investors on Crowdcube. The company aims to raise between $15 million and $20 million to scale production and expand its charging network.
Kenya Accelerates Electric Mobility Drive With Major Funding Boosts
Kenya secured a 25-billion Japanese yen (≈ USD 168 million) Samurai loan from Japan to support electric mobility initiatives. USD 102 million from the loan will enhance local EV manufacturing and assembly, reducing reliance on imported vehicles.
Kenya’s electric matatu revolution is moving faster than you think, but can the rest of Africa catch up?
Basigo launched its first fleet of fully electric matatus in Kenya, targeting the informal transport market. The deployment of electric matatus is facilitated through leasing partnerships with local transport cooperatives.
Equator secures $55M to fund Africa’s early-stage climate tech startups
Equator closes a $55 million fund to support early-stage climate tech startups in Africa. Investments will target sectors like energy, agriculture, and mobility to promote sustainable development.
