Mober, a green logistics services company, has secured an investment of up to $6 million (around P350 million) from the South East Asia Clean Energy Facility II (SEACEF II), managed by Clime Capital, a Singapore-based fund focused on advancing the low-carbon transition.
This funding, provided through equity and convertible notes, will be used to expand Mober’s electric vehicle (EV) fleet to 238 vehicles and support the construction of a 3,000-square-meter charging facility, expected to be operational by early 2025.
As part of its technological advancement, the company is developing an advanced Battery Management System (BMS) to improve the efficiency and to extend the lifespan of its EVs.
To enhance its long-haul delivery capabilities, Mober plans to install strategically located pocket charging points across Luzon’s northern and southern regions. The company sources its EVs directly from original equipment manufacturers (OEMs), customizing each vehicle to meet specific operational needs, and ensuring optimal performance and reliability.
Promoting workforce diversity
“Having Clime Capital as an investor adds significant credibility to Mober and solidifies our commitment to sustainability,” said Dennis Ng, CEO of Mober. “This partnership not only enhances our reputation but also accelerates our progress toward achieving our ambitious sustainability goals.”
Mober’s efforts extend beyond environmental sustainability to fostering inclusivity in the workplace. The company is dedicated to training female drivers and assemblers and promoting workforce diversity. Mober’s EV drivers, known as Green Delivery Specialists (GDS), reflect the company’s dedication to delivering 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,” said Joshua Kramer, chief investment officer at Clime Capital. “Clime Capital’s blended finance model enables clean-energy entrepreneurs to scale their businesses to achieve financial sustainability while also generating positive environmental impacts.”
Mober hopes to further improve its operational capacity and advance its mission of integrating sustainability into the logistics sector.