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Green logistics innovator Mober secures P350 million investment from Clime Capital

Logistics provider Mober has secured an investment from Clime Capital amounting to P350 million for green fleet expansion.

Jerome Tresvalles Jerome Tresvalles on Jun 07, 2024
Mober Fleet

Exciting developments are underway in the field of environmentally conscious logistics. Mober, at the forefront of eco-friendly logistics solutions in the Philippines, has successfully secured a significant investment of up to $6 million, approximately P350 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 infusion of capital, comprising both equity and convertible notes, will empower Mober to expand its electric vehicle fleet to 238 units and inaugurate a state-of-the-art 3,000 sqm charging facility by early 2025.

Mober caters to esteemed clientele such as IKEA, Kuehne+Nagel, Nespresso, Monde Nissin, Nestle, Maersk, and SM Appliance Center, boasting an entirely electric fleet. Augmenting its technological prowess, the company is pioneering a state-of-the-art Battery Management System (BMS) to enhance the efficiency and longevity of its electric vehicles (EVs).

“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. We are deeply thankful to Mason and Joshua for their trust and commitment to our vision.”
Mober Philippines Fleet

In order to bolster its long-distance operations and accommodate further fleet expansion, Mober will strategically install pocket charging stations across the northern and southern regions of Luzon. Procuring EVs directly from original equipment manufacturers (OEMs), the company customizes each vehicle to meet specific operational needs, ensuring optimal efficiency and dependability.

Joshua Kramer, the Chief Investment Officer at Clime Capital, expressed his enthusiasm, stating, “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.”

Mason Wallick, Chief Operating Officer at Clime Capital, also added, “Mober’s ambition to provide fully electric 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.”

Beyond its environmental efforts, Mober is dedicated to promoting inclusivity by training female drivers and assemblers, highlighting the company's commitment to workforce diversity. Mober also takes pride in its EV drivers, known as Green Delivery Specialists (GDS), who embody the company's high standards of service and sustainability.

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