Get the latest tech news
Roam raises $24M to scale electric vehicle production in Kenya
Roam will scale assembly of its Move buses launched last year, months after the company set-up a new and larger motorcycle assembly plant.
Roam has built a hybrid solution for its motorcycle clientele, meaning they can charge the batteries at home, or at its swap stations. Right now, we have 275 purchase components which means that we can really cut down margins on our suppliers, and in the long-term we can provide a cost-effective product to the market,” said Wilson. The company raised $19.5 million debt-equity funding at the close of last year to double down on the production of electric motorcycle batteries and expand its network of swapping stations in the two East African countries.
Or read this on TechCrunch
