Kenya Technology

Roam and Fortune Credit Launch Kenya’s First Electric Motorcycle Financing Program

By Eddah Waithaka

Roam, Kenya’s top electric mobility manufacturer, has teamed up with Fortune Credit, a digital credit provider, to roll out the country’s first financing program for electric motorcycles.

The initiative targets both individual riders and businesses, starting with an initial order of 600 Roam Air Gen 2 bikes, one of the largest electric fleet financing deals in Kenya.

Breaking Barriers in E-Mobility Adoption

High demand for electric motorcycles, especially among delivery companies, has clashed with limited financing options, forcing many to rely on cash purchases.

This partnership removes that hurdle, accelerating Kenya’s shift to cleaner, cost-efficient transport. Fortune Credit has designed the financing plan to match the cash flow of small businesses and informal riders.

Customers pay a KES 25,000 deposit, followed by KES 527 daily for 24 months, covering full ownership of the bike and battery.

The deal also includes insurance, health coverage (Hospicash), and access to Roam’s charging network, including home charging and Roam Hubs.

Next-Gen Electric Motorcycles with Local Impact

The program features the newly upgraded Roam Air Gen 2, packed with over 40 rider-driven improvements, including a stronger 240 kg frame, dual battery range (up to 160 km), better waterproofing and safer battery locks, and enhanced comfort for long rides, all while incorporating 36% locally manufactured parts, exceeding Kenya’s Legal Notice 112 requirements, boosting local jobs, and strengthening Kenya’s e-mobility supply chain.

Read More On : https://switchmedianews.wordpress.com/2024/11/27/google-generated-approximately-900-million-to-kenyas-economy-in-2023/

Risk-Sharing for Wider Access

Fortune Credit’s risk-sharing agreement with Green for Access Fund (G4A) ensures more affordable loans while minimizing lender risk.

This move expands access to clean, income-generating tech for underserved entrepreneurs.

Habib Lukaya, Roam’s Regional Sales Operations Manager, said, “This isn’t just about selling bikes, it’s about breaking systemic barriers. We’re enabling riders and businesses to switch to electric, save costs, and create jobs. This is Kenya’s transport future, clean, affordable, and built for us.”

Janet Kuteli, Fortune Credit CEO, added, “Our partnership with Roam and G4A reflects our commitment to empowering small businesses with clean, productive assets. We’re not just financing ownership we are building resilience.”

David Ekabouma, GreenMax Capital MD, noted, “This initiative proves how blended finance can unlock green tech for underserved communities. It’s a milestone for Kenya and a model for the region.”

The program tackles two critical challenges making electric bikes affordable through flexible payments and, supporting Kenya’s green transition while boosting local manufacturing driving the country closer to a zero-emission future, one ride at a time.

Read More Stories At: https://africawatchnews.co.ke/

Eddah Waithaka

Eddah Waithaka

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