Kenyan electric vehicles manufacturer startup Roam has entered into a partnership with fintech firm M-Kopa which will see its motorcycles distributed across the continent.
In a statement sent to TechTrendsKE, Roam says that the partnership will enable customers to lower operational costs by more than 70% and increase daily income by 50%.
“This is the first-ever large-scale supply agreement of electric motorcycles in Africa, signed with one of the largest and most respected asset-based fintech providers on the continent, focused on unlocking credit across Africa,” says the statement.
This agreement is meant to enable ownership of Roam electric motorcycles lowering the barrier to entry for customers through affordable payment plans. The motorcycles, known as Roam Air are priced at Ksh180,000.”
“Roam will deliver the fleet by the end of 2022 in time for mass deployment in early 2023. This milestone supports Roam’s vision of making electric vehicles more accessible to a broader market.“
“This agreement is an incredible trigger for electric motorcycle adoption in emerging markets and validates our vision of releasing a locally designed product that exceeds the experience of traditional fossil fuel motorcycles for a similar price,” said Mikael Gånge, Roam’s Co-Founder and Chief Commercial Officer, “We want to provide a compelling environmental and economic solution for markets that haven’t been part of the electric vehicle transition yet. Our partnership with M-KOPA will drive us both towards our shared vision of cleaner mobility.”
Roam-which was formerly known as Opibus-is among companies making entry into the Electric Vehicle mobility in Kenya, with the African continent as its target market.
The Swedish-Kenyan firm debut electric motorcycles were launched recently with dual 3.24kWh batteries and the ability to travel 180km on a single charge.
With an estimated one million motorbikes crisscrossing the continent the e-motorbike market is highly promising and various players are building various mobility solutions.