Groundbreaking Electric Motorcycle Financing Program Launches with 600+ Units Backed by Green for Access Fund Guarantee
G4A-backed financing enabling over 600 electric motorcycle purchases, with health and insurance bundles, at KES 527/day for underserved riders.
Head of Communications
G4A-backed financing enabling over 600 electric motorcycle purchases, with health and insurance bundles, at KES 527/day for underserved riders.
Nairobi, Kenya, 10th July 2025 – GreenMax Capital Group, through its management of the Green-for-Access Fund LLC (G4A), is proud to support a major new milestone in Kenya’s clean mobility transition: the launch of an innovative structured financing program for electric motorcycles, deployed by Fortune Credit in partnership with Roam Electric.
The program kicks off with 600 Roam Air Gen 2 motorcycles. Tailored for informal and small business users, the flexible daily payment plans start at just KES 527 per day and bundle motorcycle and battery ownership with Hospicash health coverage, comprehensive insurance, and access to charging infrastructure.
The Roam Air Gen 2 motorcycles feature over 40 rider-informed improvements, including a 240kg frame, dual battery range of up to 160 km, enhanced waterproofing, and over 36% local content—surpassing Kenyan localization requirements and strengthening green industrial value chains.
The Green-for-Access first-loss guarantee—structured as a subordinated, forgivable loan—enables Fortune Credit to offer affordable loans to borrowers often excluded from traditional asset finance, including boda riders who previously lacked access to vehicle credit. The initiative aligns with Green-for-Access’s mission to unlock local lending for clean, income-generating technologies across Sub-Saharan Africa.
In addition to the asset financing, riders will receive financial literacy training to support long-term economic resilience and responsible borrowing. The bundled offering significantly reduces the cost of transport ownership and provides a pathway to stability and livelihood growth for low-income earners and small business operators.
David Ekabouma, Managing Director – Fund Management, GreenMax Capital Group, stated: “This initiative exemplifies the Green-for-Access Fund’s mission—removing financial barriers that have kept underserved entrepreneurs from participating in the green transition. By sharing risk with trusted financial institutions like Fortune Credit, we enable inclusive lending that accelerates the adoption of clean, productive-use technologies. This partnership is a milestone for Kenya’s e-mobility sector and a model for the region.”
This program demonstrates how blended finance—strategically combining donor capital with commercial execution—can catalyze transformative change in emerging markets. Green-for-Access support empowers local lenders to meet rising demand for clean technologies while building financial resilience for small-scale entrepreneurs.
Janet Kuteli, Founder & CEO, Fortune Credit Limited, said: “This partnership with Roam Electric and GreenMax Capital through their Green-for-Access first-loss facility reflects our commitment to empowering underserved riders and small businesses with clean, income-generating assets. By offering affordable financing bundled with asset insurance, health insurance, and financial education, we’re not just enabling ownership—we’re building resilience. We’re proud to pioneer innovation and impact in a space many have considered too risky for too long.”
Habib Lukaya, Regional Sales Operations Manager, Roam, added: “This partnership isn’t just about selling Roam Air—it’s about breaking systemic barriers. By offering a locally made, zero-emission motorcycle with a flexible ownership model, we’re enabling more riders and businesses to switch to electric, save money, and create jobs. This is the future of transport in Kenya—clean, affordable, and built for us.”
This initiative is made possible with financial and operational support from the IKEA Foundation and CLASP, whose early-stage contributions to the Green-for-Access Fund have been essential to enabling its market-shaping impact.
About Green-for-Access Fund LLC (G4A) Green-for-Access Fund LLC is a blended finance facility managed by GreenMax Capital Group. G4A provides first-loss credit guarantees to local financial institutions to enable clean energy and e-mobility lending for low-income households and small businesses. The fund targets a $50 million first close by mid-2026 and is supported by philanthropic capital from early-stage climate finance partners.
About GreenMax Capital Group GreenMax Capital Group is an international fund manager and transaction advisor advancing clean energy access and climate finance in Africa. With offices in Nairobi, Lagos, and New York, GreenMax designs and implements high-impact financing programs for governments, donors, and private sector actors—particularly in off-grid energy and electric mobility.
About Fortune Credit Fortune Credit Limited is a Digital Credit Provider licensed by the Central Bank of Kenya. Founded in 2014, Fortune Credit works to economically empower rural communities through targeted savings, credit, and insurance products. Its offerings—including bodaboda loans, agribusiness finance, and green working capital—serve small and medium-sized entrepreneurs such as boda boda riders, informal traders, and smallholder farmers.
About Roam Roam is a Kenya-based electric mobility company creating transport solutions for the African market. Globally recognized as a finalist for the Earthshot Prize and named one of the 2024 Impact/100 startups by the Norrsken Foundation, Roam continues to push boundaries in clean mobility. Its innovations—like the 6,000-kilometer solar-powered Roam Air journey from Nairobi to Stellenbosch—highlight the durability and relevance of electric transport across the continent. In 2025, Roam was named Africa’s top 40 and Kenya’s fastest-growing company by the Financial Times.
