Roam 11: 6.75% Bond

Roam Electric aims to raise £300,000 from this bond issue and will use the funds to supply 235 electric motorcycles in Kenya, cutting carbon emissions and lowering costs for motorbike taxi drivers and micro-entrepreneurs.

0%
£300,000
Raised
£0
Days to run
51
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Investing in Clean Electric Transport for Kenya

Across Kenya, hundreds of thousands of motorcycle taxi drivers (known as boda boda riders) depend on petrol bikes for their livelihoods. The fuel and maintenance costs eat into already thin margins, while the emissions add to growing urban air pollution. Roam designs and assembles electric vehicles specifically for East African roads and riders. 
Its latest model, the Roam Air, is purpose-built for commercial use, it’s durable, locally assembled, and equipped with a dual battery system so riders can swap or charge batteries quickly and keep earning. 
With 80% lower operational costs and 90% fewer carbon emissions than a petrol equivalent, the Roam Air is a profitable business decision for the riders who use it. 
To date, Roam's operations have helped avoid 3,200 tonnes of CO₂ and supported 3,000 riders in transitioning to electric.

235 Electric Motorcycles

Funded by this bond issue, replacing petrol alternatives across Kenya.

392 Tonnes of CO₂ Saved

Annually, with over 1,962 tonnes avoided across the five-year lifespan of the motorcycles

90% Reduction in Carbon Emissions

Per motorcycle, compared to a petrol equivalent based on the Kenyan electricity grid

60% Lifetime Cost Saving

For riders switching from petrol to a Roam electric motorcycle

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About Roam Electric Ltd.

  • Directors: Filip Lövström (CEO) & Mikael Gånge (CCO)

  • Founded: March, 2018

  • Based in Nairobi, Kenya

  • Sector: Electric vehicles / Transport

  • Designs and assembles electric motorcycles and buses for East African markets, with a focus on local compatibility and commercial durability

  • 100% owned by Swedish parent company Opibus AB

  • Finalist in the 2022 Earthshot Prize, recognising its impact in clean transport

  • Backed by long-term institutional debt: USD $5 million from the US Development Finance Corporation (DFC) in 2024, with a further USD $5 million closed in 2025

  • Achieved positive gross contribution margins in 2025, with supplementary revenue from charging and aftersales services strengthening the long-term financial model

What the Project Investment will Enable

Every £1,275 invested in this bond will enable Roam to deliver one Roam Air electric motorcycle. In total, this raise will fund 235 new motorcycles,resulting in an annual reduction of over 392 tonnes of CO₂ emissions, and more than 1,962 tonnes avoided over the five-year lifespan of the fleet. 

The Roam Air is locally assembled in Nairobi and built for the realities of Kenyan roads and commercial use. Riders can charge through standard outlets or use swappable rental batteries to minimise downtime. Around 25% of Roam's motorcycles are used by motorbike taxi drivers, who benefit most directly from the shift away from petrol, with operational costs falling by up to 80% and lifetime costs 60% lower than a petrol equivalent. 

By lowering the cost of commercial transport and offering a reliable route into income generation, Roam is expanding economic opportunity for low-income micro-entrepreneurs across Kenya. The company estimates its electric motorcycle activities will support over 21,000 indirect jobs by 2026. 

Capital and interest repayments will be funded by revenue from motorcycle sales. 
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Key Product Information

Issuer: Roam Electric Limited

Issuing Country: Kenya

Investment target: £300,000

Minimum investment: £50

Maximum investment: No maximum

Maturity: 6 Months

Expected interest rate: 6.75% per annum

Withholding tax rate: 15% (applicable to UK residents who do not invest within an IF ISA)

Interest payment frequency: Semi-annually - beginning 12 months after the issue date.

Capital repayment: Single Repayment at 6 months after the issue date.

Financial Instrument:  Interest Bearing Bond

Security: Secured (see details in the Offer Document)

Meet the Roam Team

Made in Kenya, for Africa. Roam Electric was founded by Filip Lövström and Mikael Gånge with a shared conviction that electric mobility could work, and work commercially, in emerging markets. The team has since grown to include senior leaders with deep expertise in African finance, manufacturing and operations.

Filip Lövström - CEO & Co-Founder

Filip Lövström - CEO & Co-Founder

Filip brings a background in leadership, technical design and project management. He previously worked within the UN, an experience he credits with shaping his understanding of complex policy environments and long-term systemic change.

Mikael Gånge- CCO & Co-Founder

Mikael Gånge- CCO & Co-Founder

Mikael holds Masters degrees in Engineering, Energy and Environmental Technology, and Energy Systems. He leads Roam's commercial operations and brings a strong mix of technical and business expertise.

Rajal Upadhyaya - CFO

Rajal Upadhyaya - CFO

Rajal has over 25 years of experience in financial advisory and investment across sub-Saharan Africa. He holds a degree in economics and an MBA.

Risks

This is a bond issued by a single company (rather than a saving product) and therefore it is recommended that you are careful with the amount you invest. 

You must read the offer document (provided below) where a statement of risks is presented, particularly in section 6 – Risk Analysis Overview 
This page has been approved by Share In Ltd (“ShareIn”) (FRN 603332) on 22/05/2026 as a financial promotion for the purposes of Section 21 of the Financial Services and Markets Act 2000 (as amended). ShareIn’s approval of this page is limited to the communication of it by Lendahand Ethex Ltd (FRN 776908) as an appointed representative of ShareIn.

Documents

Roam Issue 11

Offer Documents

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