NAIROBI, Kenya, May 15 – Electric mobility firm Roam has been named Kenya’s fastest-growing company and ranked 35th in Africa on the 2025 Financial Times-Statista list of Africa’s Fastest Growing Companies.
Roam, headquartered in Nairobi, posted an 86.4 percent compound annual growth rate (CAGR) and 547.8 percent revenue growth between 2020 and 2023, the highest of any electric mobility manufacturer in Africa.
The company led a strong Kenyan showing on the FT list, which featured 11 firms from the country, ahead of M-KOPA and Quickmart, key Roam partners in charging infrastructure and digital asset financing.
“This recognition is not just a milestone for Roam, it’s a moment of pride for Kenya,” said Habib Lukaya, Roam’s Field Operations Manager.
“It shows that local manufacturing can thrive, creating jobs and delivering affordable, high-quality electric motorcycles made in Kenya, for Africa.”
Roam’s inclusion comes amid global economic uncertainty and declining venture capital activity, with many African startups facing headwinds.
The company recently completed a 6,000-kilometre electric motorcycle road trip from Nairobi to Stellenbosch, South Africa, meant to demonstrate the viability of Africa-made EVs across the continent.
Kenya ranked third in company representation on the FT list, following South Africa and Nigeria, signaling a broader shift in regional economic diversification driven by climate tech, advanced manufacturing, and mobility solutions.
Founded in 2017, Roam designs and manufactures electric motorcycles and buses adapted to African roads and riders.
