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Roam ranked as Kenya’s fastest-growing company and one of Africa’s top 40 companies, as seen in the 2025 Financial Times Statista Africa’s Fastest Growing Companies list.
Ranking 35th overall on the continent, the Nairobi-based electric mobility disruptor posted an impressive 86.4 percent compound annual growth rate (CAGR) and 547.8 percent revenue growth between 2020 and 2023.
They are both the best-performing electric mobility company and the top-performing Kenyan company on the much-sought-after list.
Roam’s superior performance over Kenya’s growing contribution to sustainable industrial development is highlighted since it beat 10 other Kenyan companies listed in the report, including big partners M-KOPA and Quickmart.
M-KOPA collaborates with Roam in asset financing, while Quickmart collaborates on EV charging stations.
Habib Lukaya, Roam Field Operations, said that the success is not just a Hallmark for roam, but it is also a pride for Kenya.
“It shows that local manufacturing can thrive in generating jobs and offering affordable, quality electric motorcycles made in Kenya, for Africa,” Lukaya said.
Roam’s growth comes in the context of challenging economic times globally, including reduced venture capital investment and ambiguity in startup ecosystems.
While some African tech firms have had downturns, Roam’s hardware-driven, social impact strategy remains investor-confidence-inspiring and driving innovation in clean mobility.
Roam, founded in 2017, designs and manufactures electric buses and motorcycles solely for the African market.
Roam has expanded its footprint through Roam Hubs battery-swapping and charging points in Nairobi, Kiambu, and Machakos, and partnered with Uber, Bolt, and the Mastercard Foundation to open up e-mobility access for boda boda riders.
In a record-breaking achievement, Roam just undertook a 6,000-kilometer all-electric road journey from Nairobi to Stellenbosch, South Africa, proving the resilience and potential of EV technology built in Africa.
In Kenya, the third country where most firms are listed on the Financial Times after Nigeria and South Africa, Roam’s position reflects a broader economic shift towards climate tech, cutting-edge manufacturing, and clean transportation solutions on the continent.
Roam’s path confirms not just its dominance in clean mobility but also the growing influence of Kenya in Africa’s innovation scene.
