Mober, a logistics service provider in the Philippines, has secured an investment of up to US$6 million (approximately PHP 350 million). This comes courtesy of the South East Asia Clean Energy Facility II (SEACEF II), managed by Clime Capital, a Singapore-based fund manager focusing on accelerating the low-carbon transition. This funding, comprising both equity and convertible notes, will expand Mober’s electric vehicle (EV) fleet to 238 and support the establishment of a new 3,000 sqm charging facility by early 2025.
Mober is known for their commitment to sustainable logistics, serving high-profile clients such as IKEA, Kuehne+Nagel, Nespresso, Monde Nissin, Nestle, Maersk, and SM Appliance Center with an entirely electric fleet. The company is also advancing its technological capabilities by developing a state-of-the-art Battery Management System (BMS) to enhance the efficiency and lifespan of its EVs.
To support their long-haul operations, Mober will strategically install pocket charging points across the northern and southern regions of Luzon. The company sources its EVs directly from original equipment manufacturers (OEMs), customizing each vehicle to meet specific operational needs for maximum efficiency and reliability.
In addition to its environmental initiatives, Mober is dedicated to fostering inclusivity by training female drivers and assemblers, emphasizing the company’s commitment to workforce diversity. Mober also takes pride in its EV drivers, known as Green Delivery Specialists (GDS), who exemplify the company’s high standards of service and sustainability.
Dennis Ng, CEO of Mober, commented, “Not all funding is created equal. Having Clime Capital as an investor adds significant credibility to Mober and strengthens our commitment to sustainability. This partnership not only boosts our reputation but also accelerates our progress toward achieving our ambitious sustainability goals. We are deeply grateful to Mason and Joshua for their trust and support of our vision.”
Joshua Kramer, Chief Investment Officer at Clime Capital, stated, “We are thrilled to provide much-needed capital in this pioneering EV investment in the Philippines. Clime Capital’s blended finance model empowers clean-energy entrepreneurs to scale their businesses, achieving financial sustainability while generating positive environmental impacts.”
Mason Wallick, Chief Operating Officer at Clime Capital, added, “Mober’s goal to offer fully electric B2B delivery services is a compelling example of a first-mover business accelerating the low-carbon transition through our strategic investment. Clime Capital’s mission is to help these businesses accelerate their growth.”
For more information about Mober Philippines, visit https://www.moberdelivery.com/
