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Green Finance
Philippine green logistics firm gets US$6 million backing
Clime Capital investment to bolster EV fleet, establish 3,000 sq m charging facility
The Asset 6 Jun 2024

Mober, a green logistics services firm in the Philippines, has garnered an investment of up to 350 million Philippine pesos (US$6 million) from the South East Asia Clean Energy Facility II (SEACEF II) fund, which is 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 increase the number of Mober’s fleet of electric vehicles (EVs) and help establish a new 3,000-square-metre charging facility by early 2025.

The Philippine company 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, it says, “with the development of a cutting-edge battery management system to increase the efficiency and lifespan of its EVs”.

To support its long-haul operations, the company will strategically place pocket charging points across Luzon’s northern and southern regions. It sources its EVs directly from original equipment manufacturers, tailoring each vehicle to specific operational requirements to ensure maximum efficiency and reliability.

“Not all funding is created equal,” notes Dennis Ng, the company’s CEO. “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.”

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