Kenyan electric mobility startup Roam, previously Opibus, has raised US$24 million in debt and equity funding to help accelerate its expansion across Africa. Founded in 2017, and rebranded earlier this year, Roam is the leading provider of electric vehicles designed and manufactured locally. Roam’s business segments include the Roam Air (electric motorcycle), Roam Rapid (electric mass transit bus), Roam Move (electric urban transit bus), as well as energy and public charging systems. To date, the company has managed to capture or mitigate over 120,000 tonnes of carbon emissions, marking a significant milestone in its commitment to innovative electric transport solutions. “Roam’s innovative electric mobility platform is at the forefront of this transformation, and we are proud to provide catalytic funding that will enable Roam to build a cleaner, more equitable future for African cities,” he said.

Source: The North Africa Journal February 14, 2024 07:14 UTC