Electric mobility firm Roam has been ranked as Kenya’s fastest-growing company in the Financial Times and Statista’s 2025 list of Africa’s Fastest Growing Companies. Based in Nairobi, Roam placed 35th overall on the continent, ahead of 10 other Kenyan firms that made the list.

The ranking, released this week, evaluated over 130 firms across Africa using compound annual growth rate (CAGR) and absolute revenue growth between 2020 and 2023. Roam posted an 86.4% CAGR and a 547.8% increase in revenue making it the highest-ranked electric mobility manufacturer in Africa.

Founded in 2017, Roam builds electric motorcycles and buses designed for local roads and conditions. Its motorcycles are already being used by riders in Nairobi and other counties through partnerships with platforms like Uber and Bolt.

Roam’s recognition comes at a time when many African startups are facing funding pressure and uncertain markets. But Roam has followed a different path focusing on hardware, clean energy, and local manufacturing.

“This recognition is not just a milestone for Roam it’s a moment of pride for Kenya. It shows that local manufacturing can thrive, creating jobs and delivering affordable, high-quality electric motorcycles made in Kenya, for Africa,” Habib Lukaya, Roam’s Field Operations Manager said.

The company has launched charging and battery-swap stations known as Roam Hubs in Nairobi, Kiambu, and Machakos, and recently completed a 6,000-kilometre electric trip from Nairobi to Stellenbosch, South Africa.

Other Kenyan companies on the list include M-KOPA, Quickmart, Victory Farms, and KCB Group. Analysts say Roam’s success reflects a broader shift in Kenya’s innovation scene, from software and fintech to energy, mobility, and climate-focused ventures.

“Roam is proof that high-impact innovation is not limited to apps or digital services. It shows that Africa can build globally relevant hardware and infrastructure, especially in the climate space,” atricia Munene, a Nairobi-based clean tech analyst explained.

Kenya was ranked third overall in the number of companies represented, behind South Africa and Nigeria. Roam’s rapid growth and its collaborations with global and local partners suggest that Kenya’s role in shaping the future of clean transport may be just beginning.