Mober Secures $6 Million Investment to Expand EV Fleet and Charging Infrastructure

Philippines-based green logistics startup Mober has secured $6 million in funding from Clime Capital, a Singaporean fund manager focused on promoting the transition to low-carbon initiatives. This investment will be utilized to expand Mober’s electric vehicle (EV) fleet to 238 units from the current 60 and to establish a new charging facility by early 2025, according to an announcement made by the company.

Mober, a leading provider of green logistics services in the Philippines, has attracted an investment of up to $6 million from the South East Asia Clean Energy Facility II (SEACEF II), managed by Clime Capital. 

As part of its clean energy agenda, the Philippines aims to achieve 40% EV adoption by 2040. Mober aims to construct a new 3,000-square-meter charging facility in Pasay City, equipped with 10 to 15 direct current fast chargers. 

Clime Capital, through its Southeast Asia Clean Energy Facility II (SEACEF II), provided the investment in equity and convertible notes. Focusing on early-stage, high-risk development phases, SEACEF II seeks to accelerate the scale-up of portfolio companies in Vietnam, Indonesia, and the Philippines. This investment marks a significant step towards promoting clean energy initiatives and driving the adoption of electric mobility in the region.

Mober CEO Dennis Ng expressed gratitude for the partnership, highlighting its significance in advancing its sustainability goals. The latest funding round follows Mober’s previous $2 million seed funding round, led by RT Heptagon Holdings (RTHH), which helped expand its EV fleet to 60 vehicles.

Mober, established in July 2015, collaborates with major companies such as IKEA, Kuehne+Nagel, Nespresso, and Maersk to electrify their logistics operations. The company sources its electric vehicles directly from original equipment manufacturers and is focused on enhancing its technological capabilities, including developing a cutting-edge Battery Management System (BMS) to optimize efficiency and reliability. 

In addition to its environmental efforts, Mober prioritizes inclusivity by providing training opportunities for female drivers and assemblers. The company’s Green Delivery Specialists (GDS), comprising EV drivers, exemplify Mober’s dedication to delivering superior service while upholding sustainability standards. 

Clime Capital’s Chief Investment Officer, Joshua Kramer, expressed enthusiasm for supporting Mober’s groundbreaking EV investment in the Philippines, emphasizing Clime Capital’s mission to support financial sustainability and positive environmental impacts through strategic investments.

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