The project

This project has a guarantee. 50% of your investment is automatically guaranteed by Crowd Power. You can read more about the guarantee here. 

Every 1,500 Euros invested in this project means one new electric motorcycle will be driven on Kenyan roads. 

Roam on Lendahand

• 6th crowdfunding project
• No payment delays: the entire investment amount of 761.000 euros has been repaid on time

Roam is a Swedish/Kenyan company that locally designs and assembles electric vehicles and develops electric mobility products for emerging markets. They mainly focus on electric motorcycles and electric buses for the East African market. Founded in 2017, the company has since grown into an international team of 120 employees, with 40% women. Today, the company has an assembly facility for electric motorcycles in Nairobi, Kenya, and a partnership with a local bus assembler for their co-designed electric buses.

Roam Air motorcycles are highly economical, saving users nearly 60% in costs compared to fuel-powered motorcycles. This drastic reduction in fuel expenses, combined with easy and affordable maintenance, makes a significant difference for low-income earners. Many clients use the Roam Air for transportation and delivery businesses, benefiting from its efficiency, reliability, and cost-effectiveness to expand their income and savings.

What social return could your investment generate?

Roam is helping many low-income earners access the Roam Air motorcycle. The electric vehicle offers significant cost savings compared to a petrol equivalent, boosting users' daily savings by almost 60%. Its low running costs and ease of maintenance provide further financial relief to users, making it transformative for entrepreneurs in transportation and delivery services. The Roam Air is locally assembled and can be charged in private or public electricity outlets or used with swappable rental batteries, providing flexibility and convenience. Some of these batteries will be operated by the company.

As for the environmental impact, Roam Air motorcycles reduce 90% of carbon emissions by replacing fossil fuels with electricity. Each delivered electric motorcycle saves a total of 1.67 tons of CO2 per year, and with 40 motorcycles, this will result in over 334 tonnes of carbon emissions saved over five years.
 

What financial return could your investment generate? 

• Annual interest rate of 6.75%
• Maturity of the loan in 6 months
• Bullet-loan: repayment of interest and notional after six months at once
• With an investment of 1,500 euros, your expected repayment would be 1,550,63 euros, of which 750 euros is guaranteed.