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Thursday, December 19, 2024

BDO funding boosts Mober’s EV truck expansion program

Mober, the country’s pioneer in green logistics, tapped BDO Unibank Inc. (BDO) to finance the acquisition of 60 new electric vehicle (EV) trucks.

The landmark agreement marks a pivotal step for sustainability in the Philippines.

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The deal brings Mober’s current fleet to 110 EV units, reinforcing its leadership in eco-friendly logistics and setting a new benchmark for the industry.

Mober has been at the forefront of driving sustainability in mid- and last-mile logistics. The company serves an impressive roster of blue-chip clients, including IKEA, Nestlé, Maersk, Monde Nissin, Starbucks and Kuehne+Nagel, offering innovative solutions that align with its global net-zero commitments.

“This is a historic milestone not just for Mober but for the entire logistics industry in the Philippines,” said Mober chief executive Dennis Ng.

“With the addition of these 60 EV trucks, our fleet now stands at 110 units, bringing us closer to our goal of 240 units by the end of the first quarter of 2025. Supported by our proprietary Battery Management System [BMS] and Transport Management System [TMS], we’re ensuring not only sustainability but also efficiency and reliability for our clients,” he said.

Aside from expanding its fleet, Mober is also setting the precedent for innovation in the commercial EV space in the country. Its state-of-the-art BMS offers real-time monitoring of battery health and performance, enabling predictive maintenance and extending the lifespan of its fleet.

Its proprietary TMS optimizes delivery routes, reducing energy consumption and emissions while ensuring operational excellence for its clients.

BDO, the largest bank in the Philippines, sees the partnership as a testament to its growing commitment to green financing and sustainable business practices.

“We remain committed to supporting eco-friendly initiatives and innovative businesses that nurture the environment and present opportunities for economic growth. This partnership with Mober reinforces our shared commitment towards a greener, more sustainable future,” said BDO Unibank Institutional Banking Group executive vice president and head Charles Rodriguez.

Mober secured a $6-million blended investment from the Southeast Asia Clean Energy Facility II (SEACEF II), managed by Singapore-based fund manager Clime Capital last year.

SEACEF II focuses on supporting businesses that accelerate the region’s transition to clean energy and low-carbon solutions. Through its partnerships with BDO and Clime Capital, Mober is leading the way in sustainable logistics in the Philippines.

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