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In a game-changing partnership, Mober and BDO are financing commercial electric vehicle fleets to accelerate sustainable logistics in the Philippines.

PRESS RELEASE

Mober, BDO sign landmark commercial EV fleet financing in the Philippines, advancing green logistics

The first of its kind in the Philippines boosts Mober’s EV fleet expansion to 110 units

Manila, Philippines — In a landmark agreement marking a pivotal step for sustainability in the Philippines, Mober, the country’s pioneer in green logistics, has partnered with BDO Unibank, Inc. (BDO) to finance the acquisition of 60 new electric vehicle (EV) trucks. This historic deal brings Mober’s current fleet to 110 EV units, reinforcing its leadership in eco-friendly logistics and setting a new benchmark for the industry.

Mober has been at the forefront of driving sustainability in mid- and last-mile logistics. The company serves an impressive roster of blue-chip clients, including IKEA, Nestlé, Maersk, Monde Nissin, Starbucks, and Kuehne+Nagel, offering innovative solutions that align with its global net-zero commitments.

“This is a historic milestone not just for Mober but for the entire logistics industry in the Philippines,” said Dennis Ng, CEO of Mober. “With the addition of these 60 EV trucks, our fleet now stands at 110 units, bringing us closer to our goal of 240 units by the end of the first quarter of 2025. Supported by our proprietary Battery Management System (BMS) and Transport Management System (TMS), we’re ensuring not only sustainability but also efficiency and reliability for our clients.”

Aside from expanding its fleet, Mober is also setting the precedent for innovation in the commercial EV space in the country. Its state-of-the-art Battery Management System (BMS) offers real-time monitoring of battery health and performance, enabling predictive maintenance and extending the lifespan of its fleet. Its proprietary Transport Management System (TMS) optimizes delivery routes, reducing energy consumption and emissions while ensuring operational excellence for its clients.

BDO, the largest bank in the Philippines, sees the partnership as a testament to its growing commitment to green financing and sustainable business practices. “We remain committed to supporting eco-friendly initiatives and innovative businesses that nurture the environment and present opportunities for economic growth. This partnership with Mober reinforces our shared commitment towards a greener, more sustainable future,” says Executive Vice President and Head of BDO Unibank’s Institutional Banking Group, Charles M. Rodriguez.

The partnership with BDO is the latest in Mober’s recent success in securing investments. Last year, Mober secured a $6 million blended investment from the Southeast Asia Clean Energy Facility II (SEACEF II), managed by Singapore-based fund manager Clime Capital. SEACEF II focuses on supporting businesses that accelerate the region’s transition to clean energy and low-carbon solutions. Through its partnerships with BDO and Clime Capital, Mober is leading the way in sustainable logistics in the Philippines.

Rachel Santiago-Sacro, Clime Capital Philippines Country Manager, expressed her support, saying, “The Philippines is one of the world’s most vulnerable countries to the adverse impacts of climate change. By supporting clean-energy pioneers like Mober, we make a meaningful contribution toward rapid decarbonization in Southeast Asia – helping to meet countries’ net-zero targets.”

The addition of the new EV trucks comes timely as Mober is set to open its new charging hub in Pasay City by end-January 2025, set to be SEA’s largest logistics-focused EV charging facility.

For more information about how Mober is leading the charge toward a cleaner, more sustainable future for the Philippines by visiting https://www.moberdelivery.com.

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ABOUT MOBER

Established in July 2015, Mober is a pioneering force driving the transition to green deliveries in the Philippines. With a focus on assisting businesses in decarbonizing their delivery processes, Mober offers seamless solutions without the burdensome upfront costs. Through constant innovation and dedication, Mober champions a future where business meets sustainability. By being the largest operator of EV delivery in Southeast Asia, Mober has become the leading green logistics delivery provider in the region.

For further information, visit: https://www.mober.ph

ABOUT CLIME CAPITAL

Clime Capital Management Pte. Ltd. (Clime Capital) is a Singapore-headquartered fund management company registered with the Monetary Authority of Singapore. Clime Capital is the manager of SEACEF I and SEACEF II. The Clime Capital team comprises senior professionals with deep Southeast Asian market experience in clean energy investments and developments. The team brings a diversified skill set in early-stage project funding and development, investment and portfolio management, project finance, design and engineering, operations, and environmental safeguards. Clime Capital has an on-the-ground presence in Vietnam, India, Indonesia, the Philippines, and Singapore. Find out more at https://www.climecap.com

Conclusion

The landmark partnership between Mober and BDO marks a significant milestone in the Philippines’ green logistics journey. By financing commercial EV fleets, both companies are contributing to the reduction of carbon emissions and fostering a more sustainable transport system. This initiative will not only transform the logistics industry but also encourage a shift towards more eco-friendly practices in other sectors.

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Disclaimer

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