Kenya’s leading electric mobility company, Roam, has partnered with digital credit provider 4G Capital to introduce an innovative financing programme aimed at making electric motorcycles more accessible to boda boda riders. This initiative, backed by the Mastercard Foundation’s Jiinue Growth Program (2022–2027), is designed to empower young entrepreneurs in the transport sector while promoting environmentally friendly mobility solutions.
The financing plan enables boda boda riders to acquire a Roam Air electric motorcycle with an initial deposit of Ksh 25,000, followed by daily payments of Ksh 460 over 24 months. Riders who opt for an additional battery can top up the deposit with Ksh 5,000 and pay an extra Ksh 207 per day. Payments are seamlessly integrated with mobile money platforms, ensuring convenience and accessibility.
Stephen Kahuthia, Roam’s Sales Field Manager, emphasized the financial and environmental benefits of the initiative. “Roam is committed to creating a future where mobility is affordable, sustainable, and inclusive. Our partnership with 4G Capital reflects our shared vision of empowering boda boda riders with solutions that drive economic growth and environmental stewardship,” he said.
The transition to electric motorcycles is expected to generate daily operational savings of approximately Ksh 500 compared to traditional internal combustion engine (ICE) motorcycles. Riders will spend only Ksh 80 to fully charge their electric motorcycles for an 80 km range, made possible by Roam Air’s portable charging feature that allows charging at any standard power outlet.
Valentine Nasila, Head of Partnerships at 4G Capital, highlighted the economic advantages for riders. “We are partnering with Roam to support their mission of accelerating the adoption of clean, sustainable transportation solutions. This partnership aligns with our vision of creating opportunities for growth and economic empowerment,” she stated.
By combining Roam’s expertise in electric mobility with 4G Capital’s financial solutions, the partnership ensures that riders can transition to eco-friendly transportation while achieving ownership of their motorcycles without undue financial strain. The initiative also includes comprehensive insurance, ensuring the safety and security of the riders.
With this initiative, Roam and 4G Capital are not only supporting boda boda riders in improving their livelihoods but also contributing to a greener and more sustainable future for Kenya.
