Philippine-Based EV Startup Mober Set to Grow Fleet With New P350-Million Funding

Mober, an electric vehicle startup in the Philippines, is set to expand its fleet after securing an investment of $6 million (P350 million) from the Southeast Asia Clean Energy Facility II (SEACEF II). The funding allows the company to increase the number of its electric vehicles to 238, as well as establish a 3,000-square meter charging facility by early next year.

ALSO READ

This Company Is Making E-Scooters More Affordable

Are Motorcycle Taxis a Threat to Other PUVs? The LTFRB Says No

Mober provides delivery services through its fleet of entirely electric vehicles (EVs), driving the transition to green logistics in the country. Established in 2015, it has become a business-to-business (B2B) platform, facilitating deliveries for companies like IKEA Philippines, Unilever Philippines, Nestle Philippines, Nespresso, and SM Appliance Center.

Apart from plans to grow its fleet, Mober is working on a new battery management system (BMS) to increase the efficiency and lifespan of its EVs. The company says it will also put up more charging points, specifically across northern and southern Luzon. Mober sources its EVs directly from original equipment manufacturers (OEMs). Earlier this year, it also introduced a transport management system that optimizes the route plans and delivery schedules of its fleet, allowing better resource management and reducing carbon output and energy consumption.

SEACEF II—from which Mober secured the latest funding—is managed by Clime Capital, a Singapore-based fund manager centered on clean energy investments and developments. It has on-the-ground presence in Vietnam, India, Indonesia, Singapore, and the Philippines.

“Not all funding is created equal. Having Clime Capital as an investor adds significant credibility to Mober and solidifies our commitment to sustainability,” Dennis Ng, CEO of Mober, said.

Mober is not only focused on enhancing and upgrading its EVs for sustainability. According to the company, it plans to embark on training female drivers and assemblers to foster inclusivity in the industry as well. Mober’s drivers, called green delivery specialists, undergo a specific training, given the vehicles are all-electric.

“We are delighted to provide [the] much-needed capital in this first-of-a-kind EV investment in the Philippines,” Joshua Kramer, chief investment officer at Clime Capital, said. “Clime Capital’s blended finance model enables clean-energy entrepreneurs to scale their businesses to achieve financial sustainability, while also generating positive environmental impacts.”