Kenya-based electric mobility company ROAM has successfully completed a Series A funding round totaling $24 million in equity and debt to expand local production and further electrify mobility across Africa.
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Europe is chugging along slowly but surely in the transition from noisy, polluting combustion engine motorcycles to quiet, efficient electrics. Asia has already made impressive progress, and North America is, well, making an attempt. But Africa could be poised to leap past everyone as several countries adopt ambitious plans to put millions of electric motorcycles on the roads.
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The last time we heard from African electric motorcycle startup Spiro, the company was planning to roll out 140,000 e-motos in Uganda. Now Spiro is working to put even more bikes and battery swap stations on the road thanks to new funding.
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ROAM – one of Kenya’s leading electric mobility companies – continues to expand its enterprise with new innovations to help electrify Africa’s roads and promote sustainability. Today, the company introduced the ROAM Hub – a multi-purpose electric motorcycle charging station that offers battery swaps, fast chargers, maintenance, and more.
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Electric technology company ROAM continues to find success in its native East Africa and is now expanding its production footprint to a new larger facility that’s over 100,000 square feet in size. In the coming years, ROAM intends to bolster is Air electric motorcycle production to fill the new facility’s capacity of 50,000 units per year.
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We’ve covered plenty of tax incentives and rebates to make electric motorcycles and other EVs more affordable. But this is the first time we’ve seen a country give out EVs for free as a way to replace internal combustion engine (ICE) vehicles.
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Kenyan technology company Opibus announced it has officially changed its name to ROAM. According to Opibus, the rebrand to ROAM is a better fit for the EV manufacturer’s growth and strategic shift to electrify Africa’s transportation sector and beyond.
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EV developer Opibus is once again paving the way for zero-emission transportation in Africa, by unveiling its first electric bus designed and developed upon its own modular EV platform. Alongside other Opibus EVs, the company is one step closer to mass-producing electric buses for the pan-African market and electrifying public transit for the entire continent.
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Following a successful pilot program in Africa, Uber and EV developer Opibus have entered into a strategic partnership to promote EV adoption across the continent. As part of the agreement, Opibus will provide 3,000 of its unique electric motorcycles to support Uber’s growing demand for emissions-free drivers across the continent.
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While not quite as exciting as its plans to move half a million EVs in 2 years, Tesla today also announced modest sales of its Energy products as part of its shareholder letter today.
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With South Africa’s electricity rates set to increase by 9.4% this year and the country’s unstable grid prone to outages, home energy storage systems are expected to become quite popular in the region. Tesla is aware of the opportunity and opened an office in the country earlier this year to develop the market for its ‘Tesla Energy’ products: the Powerwall and Powerpack.
Now we learn though a new report from Bloomberg that Enel Green Power SpA, the renewable energy unit of Italy’s biggest utility, is offering a “home-power kit”, which includes a Tesla Powerwall, to the South African market.
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