Green logistics services provider Mober has received a significant boost with an investment of up to US$6 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. This substantial funding, comprising equity and convertible notes, will not only enable Mober to expand its fleet of electric vehicles to an impressive 238, but also establish a new 3,000 sqm charging facility by early 2025, marking a significant step towards a more sustainable future.
Dennis Ng, Mober’s CEO, expressed the significance of having Clime Capital as an investor, stating that it enhances their commitment to sustainability and reputation. Mober’s clientele includes prominent companies like IKEA, Kuehne+Nagel, Nespresso, Monde Nissin, Nestle, Maersk, and SM Appliance Center, all served by an all-electric fleet. The company is also developing a state-of-the-art Battery Management System (BMS) to improve the efficiency and lifespan of its electric vehicles.
Strategic Initiatives for Sustainable Logistics
Mober will strategically place pocket charging points across Luzon’s northern and southern regions to support its long-haul operations. By sourcing directly from original equipment manufacturers (OEMs), Mober tailors each vehicle to specific operational requirements for maximum efficiency and reliability.
Mober is committed to promoting inclusivity by providing training for female drivers and assemblers and undertaking environmental initiatives. The company takes pride in its EV drivers, Green Delivery Specialists (GDS), who uphold high service and sustainability standards.
Impact on Environmental and Social Sustainability
Joshua Kramer, Chief Investment Officer at Clime Capital, emphasized the significance of providing much-needed capital for this unique EV investment in the Philippines. He highlighted Clime Capital’s blended finance model, which supports clean-energy entrepreneurs in attaining financial sustainability and generating positive environmental impacts.
Mober’s goal of providing fully electric B2B delivery services is not just a business strategy, but a driving force to accelerate the low-carbon transition, according to Mason Wallick, COO at Clime Capital. Established in July 2015, Mober has become the largest operator of EV delivery in Southeast Asia, making it the leading green logistics delivery provider in the region. This success story is not just about numbers, but about the positive impact on environmental and social sustainability, a testament to Mober’s commitment to making a difference.
Source: Green logistics firm secures $6M funding to expand fleet