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Philippine EV startup Mober secures PHP350m investment from Clime Capital to drive green logistics innovation

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Aliza Carmona

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2 weeks ago

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Manila, Philippines – Green logistics service provider Mober announced it has secured a US$6m (approximately PHP350m) investment from the Southeast Asia Clean Energy Facility II (SEACEF II), managed by Clime Capital, 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 (EVs) to 238 and help establish a new 3,000 sqm charging facility by early 2025.

Mober is enhancing its technological edge with the development of a cutting-edge battery management system (BMS) to increase the efficiency and lifespan of its EVs. Part of the company’s plan is to strategically place pocket charging points across Luzon’s northern and southern regions to support its long-haul operations. 

The company, with its sustainable logistics operations, is currently serving clients like IKEA, Kuehne+Nagel, Nespresso, Monde Nissin, Nestle, Maersk, and SM Appliance Centre with a fleet that is entirely electric. 

Mober 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 dedicated to fostering inclusivity by training female drivers and assemblers, highlighting the company’s commitment to workforce diversity. The company also takes pride in its EV drivers, known as Green Delivery Specialists (GDS), who exemplify Mober’s high standards of service and sustainability.

Speaking about the funding, Dennis Ng, CEO of Mober, stated, “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 towards achieving our ambitious sustainability goals. We are deeply thankful to Mason and Joshua for their trust and commitment to our vision.”

Meanwhile, Joshua Kramer, chief investment officer at Clime Capital, said, “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, further 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.” 

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