Green logistics firm Mober secured an investment of up to $6 million, or around P350 million, from the South East Asia Clean Energy Facility II (SEACEF II) managed by Clime Capital, a Singapore-based fund manager focused on accelerating the low-carbon transition.
The new funding, through both equity and convertible notes, will bolster Mober’s fleet of electric vehicles to 238 and help establish a new 3,000-square-meter charging facility by early 2025.
Mober serves top-tier clients like IKEA, Kuehne+Nagel, Nespresso, Monde Nissin, Nestle, Maersk and SM Appliance Center with a fleet that is entirely electric.
The company is also enhancing its technological edge with the development of a cutting-edge Battery Management System (BMS) to increase the efficiency and lifespan of its EVs.
Mober will strategically place pocket charging points across Luzon’s northern and southern regions to support its long-haul operations.
The company sources its EVs directly from original equipment manufacturers (OEMs), tailoring each vehicle to specific operational requirements to ensure maximum efficiency and reliability.
“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,” Mober chief executive Dennis Ng said.
Mober said it 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.
“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,” Clime Capital chief investment officer Joshua Kramer said.
Clime Capital chief operating officer Mason Wallick 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,” he said.
