Kenyan EV startup Roam secures $24M funding, including $10M debt from DFC, to scale electric motorcycle and bus production in Kenya for the mass African market.

Kenyan EV startup Roam has secured $24 million in funding, including a $10 million debt commitment from the DFC, to scale production of electric motorcycles and buses in Kenya. The startup intends to use the funds for increasing manufacturing capabilities, expanding production, and streamlining supply chain networks. Roam's ambitions include delivering cost-effective and reliable products tailored for the mass African market.

February 14, 2024
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