Philippine green logistics startup Mober recently garnered an investment of up to US$6 million from the South East Asia Clean Energy Facility II (SEACEF II), managed by Singapore-based fund manager Clime Capital. The new funding is anticipated to expand Mober’s fleet of electric vehicles to 238 and facilitate the establishment of a new 3,000-square-meter charging facility by early 2025.
Founded in 2015, Mober is dedicated to helping businesses in the country decarbonize their delivery operations, establishing itself as a leader in green deliveries in the Philippines. The startup currently provides fleets of electric vehicles to clients such as IKEA, Kuehne+Nagel, Nespresso, Monde Nissin, Nestle, Maersk, and SM Appliance Center. The company is further advancing its technological capabilities by developing a state-of-the-art Battery Management System (BMS) to enhance the efficiency and lifespan of its electric vehicles.
Dennis Ng, CEO of Mober, stated, “Not all funding is created equal. Having Clime Capital as an investor adds significant credibility to Mober and solidifies our commitment to sustainability. This partnership not only enhances our reputation but also accelerates our progress toward achieving our ambitious sustainability goals. We are deeply thankful to Mason and Joshua for their trust and commitment to our vision.”
In addition to its environmental initiatives, Mober is committed to fostering inclusivity by training female drivers and assemblers, underscoring the company’s dedication to workforce diversity. Mober also takes pride in its EV drivers, known as Green Delivery Specialists (GDS), who exemplify the company’s commitment to high standards of service and sustainability.
To support its long-haul operations, Mober will also strategically install pocket charging stations across northern and southern Luzon. The company sources its electric vehicles directly from original equipment manufacturers (OEMs), customizing each vehicle to meet specific operational needs for optimal efficiency and reliability.
Joshua Kramer, Chief Investment Officer at Clime Capital, said, “We are delighted to provide much-needed capital in this first-of-a-kind EV investment in the Philippines. Clime Capital’s blended finance model enables clean-energy entrepreneurs to scale their businesses to achieve financial sustainability while also generating positive environmental impacts.”
Mason Wallick, Chief Operating Officer at Clime Capital, said, “Mober’s ambition to provide fully electric B2B delivery services is a compelling example of a first-mover business that can accelerate the low carbon transition through our strategic investment. Clime Capital’s purpose is to help these businesses accelerate their growth.”
Aside from the recent round of new funding, Mober earlier this year announced the development of its advanced Transport Management System (TMS), which optimizes route planning and delivery schedules for its fleet. This system enhances resource management and significantly reduces energy consumption and carbon emissions.
Mober also notably raised $2 million in seed funding in February, with the funding round anchored by RT Heptagon Holdings, a Filipino company that manages a diverse family of businesses headed by chairman and president Rex Tiri.