Mober, a green logistics services provider in the Philippines, has garnered an investment of up to $6 million from the South East Asia Clean Energy Facility II (SEACEF II) managed by Clime Capital Management, a Singapore-based fund manager focused on accelerating the low-carbon transition.
This 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 sqm charging facility by early 2025, Mober 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.
Established in July 2015, Mober is a firm driving the transition to green deliveries in the Philippines.
With a focus on assisting businesses in decarbonizing their delivery processes, the firm offers seamless solutions without the burdensome upfront costs.
By being the largest operator of EV delivery in Southeast Asia, it has become the leading green logistics delivery provider in the region.
Leading the charge in sustainable logistics, 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.
To support its long-haul operations, Mober will strategically place pocket charging points across Luzon’s northern and southern regions.
The company sources its EVs directly from original equipment manufacturers (OEMs), tailoring each vehicle to specific operational requirements to ensure maximum efficiency and reliability.
In addition to its environmental initiatives, Mober is committed to fostering inclusivity by training female drivers and assemblers, underscoring the company’s dedication to workforce diversity.
The firm 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,” said Joshua Kramer, Chief Investment Officer at Clime Capital.
Mason Wallick, Chief Operating Officer at Clime Capital, said Mober’s ambition to provide fully electric business to business (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 added.
Clime Capital is a Singapore-headquartered fund management company and the manager of SEACEF I and SEACEF II.
Its team comprises senior professionals with deep Southeast Asian market experience in clean energy investments and developments.
The team brings a diversified skill set in early-stage project funding and development, investment and portfolio management, project finance, design and engineering, operations, and environmental safeguards.
The firm has an on-the-ground presence in Vietnam, India, Indonesia, the Philippines, and Singapore.