Funding · Commerce & Consumer Brands

RoamPrime secures seed funding for expansion

What they do

RoamPrime sells certified pre-owned motorcycles and scooters with inspection and financing

The company secured undisclosed seed funding to build its tech team and AI capabilities

It plans to expand to 10-12 cities by 2027 and pursue an IPO

The market suffers from trust gaps due to unreliable sellers and hidden defects.
Manipulated odometers and hidden vehicle issues plague the fragmented Indian used market.
RoamPrime aims to solve these issues through technology and certification processes.

The brand focuses on procurement, inspection, and refurbishment of used motorcycles.
A three-layer quality filtration process ensures vehicle standards before sale.
Proprietary algorithms are used to estimate mileage accurately for buyers.
Financing support and insurance services are provided alongside vehicle sales.
After-sales assistance is included to enhance customer satisfaction and retention.
Partnerships with trusted dealers help expand the digital inventory base.
Operations are currently centered in Bengaluru with rapid monthly growth rates.

The company will use funds to build its technology team and enhance AI.
Plans include strengthening the brand and scaling overall operations significantly.
Customer acquisition strategies will be intensified using the new capital resources.
Expansion into 10-12 major cities is targeted for completion by 2027.
Long-term roadmaps include integrating electric two-wheelers and pursuing an IPO.