Mober Secures $2 Million Seed Funding to Drive Electric Logistics in the Philippines

By motoph admin on February 16, 2024

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Mober, a Philippine logistics company specializing in sustainable delivery solutions, proudly announced the successful completion of a $2 million seed funding round, spearheaded by RT Heptagon Holdings (RTHH) under the leadership of Chairman and President Rex Tiri. This substantial investment propels Mober’s endeavor to integrate electric vehicles (EVs) into its fleet, marking a significant step towards revolutionizing green logistics in the Philippines.

Bolstered by this funding, Mober has expanded its EV fleet to 60 vehicles, augmenting its capacity to meet the burgeoning demand for eco-friendly logistics services. This strategic move mirrors the global trend towards sustainability, effectively reducing the carbon footprint associated with delivery operations.

A noteworthy advancement in Mober’s strategy is the development of a cutting-edge Transport Management System (TMS), meticulously designed to optimize delivery efficiency while meticulously tracking the CO2 emissions saved through EV usage. This feature underscores Mober’s unwavering commitment to transparency and accountability in environmental stewardship.

In tandem with its fleet expansion, Mober inaugurated a flagship EV charging station in Pasay City, tailored to support its growing fleet, particularly those servicing IKEA Philippines. This initiative forms part of Mober’s holistic approach to fortifying the sustainability of its operations and aiding its clients’ transition towards greener practices.

Further expanding its sustainable delivery solutions, Mober is poised to electrify same-day delivery services for SM Appliance Center, seamlessly integrating eco-conscious practices into mainstream retail logistics. This initiative underscores Mober’s agility and innovation in responding to the evolving needs of the market and its clientele.

Mober’s steadfast commitment to green logistics extends to its strategic partnerships with industry giants such as Kuehne + Nagel, Nestle, and Maersk, with plans underway to electrify their respective logistics operations. This collaborative endeavor underscores Mober’s pivotal role as a catalyst for the widespread adoption of sustainable delivery solutions across the Philippine logistics landscape.

A significant milestone in Mober’s journey is its collaboration with IKEA Philippines, with the ambitious goal of electrifying 100% of IKEA’s home delivery services by 2025. This ambitious undertaking underscores Mober’s unwavering dedication to spearheading sustainable logistics practices, setting a commendable benchmark for environmental responsibility within the retail sector.

Dennis Ng, Mober’s Founder and CEO, expressed heartfelt gratitude for the unwavering support from RT Heptagon Holdings and Mr. Rex Tiri, emphasizing the pivotal role of this funding round in furthering Mober’s mission to drive sustainable urban mobility. This investment not only accelerates Mober’s growth trajectory but also reinforces its steadfast commitment to effecting positive environmental change.

Despite the challenging funding landscape for startups in the previous year, as highlighted in the 2024 Philippine Startup Founders’ Outlook by Uniquecorn Strategies, QBO Innovation Hub, and Launchgarage, which reported a sharp 40% decrease in local startup investments during 2023, Mober’s resounding success in securing seed funding underscores the robustness of its sustainability-driven business model, setting it apart in the industry.

Buoyed by this momentum, Mober is poised for further expansion, with an anticipated investment round slated before the close of Q1 2024. This impending financial injection is poised to accelerate Mober’s initiatives in green logistics, amplifying its reach and impact within the sector.

As the EV market in the Philippines continues to burgeon, propelled by supportive government policies and heightened consumer awareness, Mober’s innovative initiatives are ideally positioned to contribute meaningfully to the country’s green transition. With its burgeoning fleet and forward-thinking solutions, Mober is well on its way to becoming a vanguard in green logistics across Southeast Asia, commencing with the Philippines, and heralding a more sustainable future for the industry.