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Philippine EV startup Mober raised $6 M funding from Clime Capital

The South East Asia Clean Energy Facility II (SEACEF II), run by Singapore-based fund manager Clime Capital Management, is offering up to $6 million in investment to Mober, a green logistics services provider in the Philippines. The fund manager’s primary goal is to expedite the low-carbon transition.

By early 2025, Mober plans to build a new 3,000 square meter charging facility and increase its fleet of electric vehicles to 238 thanks to the additional funding, which will come from convertible notes and equity, the company said in a statement on Thursday.

“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,” said Dennis Ng, Chief Executive Officer of Mober.

Mober, a company founded in July 2015, is spearheading the Philippines’ shift to environmentally friendly delivery methods.

Focusing on helping companies decarbonize their delivery processes, the company provides seamless solutions without requiring hefty upfront fees.

Being Southeast Asia’s biggest EV delivery operator, it has emerged as the area’s top supplier of green logistics delivery services.

With an all-electric fleet, Mober leads the way in sustainable logistics, providing top-tier clients like IKEA, Kuehne+Nagel, Nespresso, Monde Nissin, Nestle, Maersk, and SM Appliance Center with services.

In order to improve the efficiency and longevity of its EVs, the company is also expanding its technological lead by developing a state-of-the-art Battery Management System (BMS).

Mober plans to install pocket charging stations strategically in both the northern and southern regions of Luzon to facilitate its long-haul operations.

The company purchases its electric vehicles (EVs) directly from original equipment manufacturers (OEMs), customizing each vehicle to meet unique operational specifications for optimal dependability and efficiency.

Mober is devoted to promoting inclusivity by training female drivers and assemblers in addition to its environmental initiatives, highlighting the company’s commitment to workforce diversity.

The company is particularly proud of its electric vehicle drivers, or Green Delivery Specialists (GDS), who represent its dedication to sustainability and high service standards.

 

 

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