Electrifying Philippine Logistics: Mober Secures $2 Million in Seed Funding

By motoph admin on February 22, 2024

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Mober, a Philippine logistics company dedicated to sustainable delivery solutions, has announced the successful completion of a $2 million seed funding round led by RT Heptagon Holdings (RTHH), helmed by Chairman and President Rex Tiri. This investment marks a significant milestone in Mober’s mission to integrate electric vehicles (EVs) into its fleet, thereby revolutionizing green logistics across the Philippines.

With the infusion of new capital, Mober has expanded its EV fleet to 60 vehicles, enhancing its capacity to meet the growing demand for eco-friendly logistics services. This strategic move aligns with global trends towards sustainability, significantly reducing the carbon footprint associated with delivery operations.

A key aspect of Mober’s strategy is the development of a Transport Management System (TMS), optimizing delivery efficiency while meticulously tracking the CO2 savings achieved through EV utilization. This feature underscores Mober’s commitment to transparency and accountability in environmental impact mitigation.

Inaugurating a flagship EV charging station in Pasay City, Mober aims to support its expanding fleet, particularly those serving IKEA Philippines. This initiative forms part of Mober’s broader strategy to promote sustainability and bolster the green transition of its clients.

Expanding its sustainable delivery solutions, Mober is poised to electrify same-day delivery services for SM Appliance Center, further integrating eco-friendly practices into mainstream retail logistics. This initiative showcases Mober’s agility and innovation in response to evolving market demands.

Mober’s dedication to green logistics extends to its partnerships with major companies such as Kuehne + Nagel, Nestle, and Maersk, with plans underway to electrify their logistics operations. This collaborative approach underscores Mober’s role as a catalyst for widespread adoption of sustainable delivery solutions in the Philippine logistics industry.

A significant milestone in Mober’s journey is its collaboration with IKEA Philippines, with the goal of electrifying 100% of IKEA’s home delivery services by 2025. This ambitious project underscores Mober’s commitment to leading the charge in sustainable logistics and setting a benchmark for environmental responsibility in the retail sector.

Dennis Ng, Founder and CEO of Mober, expressed gratitude for the support from RT Heptagon Holdings and Mr. Rex Tiri, emphasizing the funding round as a pivotal moment in Mober’s mission to drive sustainable urban mobility. This investment not only fuels Mober’s growth but also reinforces its commitment to making a positive environmental impact.

Despite challenges in the startup funding landscape detailed in the 2024 Philippine Startup Founders’ Outlook, Mober’s success in securing seed funding underscores the strength of its sustainability-driven business model.

Buoyed by this momentum, Mober anticipates further growth with an upcoming investment round before the end of Q1 2024. This financial infusion is poised to accelerate Mober’s initiatives in green logistics, expanding its influence and impact in the sector.

As the EV market in the Philippines continues to flourish, supported by favorable government policies and heightened consumer awareness, Mober’s initiatives are positioned to contribute significantly to the country’s green transition. With its expanding fleet and innovative solutions, Mober is poised to lead the way in green logistics in Southeast Asia, starting in the Philippines, paving the path towards a more sustainable future in the industry.