As stated by the DFC, Roam Kenya is looking to raise a total of US$20 million in equity and debt to fund (i) working capital to ramp up commercial production of the Roam’s electric motorcycles (“Roam Air”) and electric buses (“Roam Transit”); (ii) capital expenditures to fund design, reengineering, and tooling equipment to bring down the cost of production of Roam Air and Roam Transit; (iii) capital expenditures to deploy charging infrastructure for Roam Air and Roam Transit; and (iv) capital expenditure and design costs associated with (a) developing the next generation of the Roam Air telemetry chip and upgrading the hardware and software underlying the Roam Air’s battery management system that enables better tracking and remote management of the motorcycle, and (b) upgrading the software for Roam Air’s charging infrastructure and front end application to increase customer oversight and control of the Roam Air.
As stated on the project summary, Roam Kenya is a technology driven electric mobility company that designs and develops electric motorcycles and electric buses for emerging market consumers.
|Private Actor 1
|Private Actor 1 Role
|Private Actor 1 Sector
|Private Actor 2
|Private Actor 2 Role
|Private Actor 2 Sector
|Roam Electric Limited (Kenya)
No project contacts provided at the time of disclosure.
Client - Roam Electric Limited:
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