Philippines-based green logistics company Mober announced its partnership with local lender BDO Unibank to finance the expansion of its electric vehicle (EV) fleet in the country.
Mober, backed by Singapore fund manager Clime Capital, said BDO, the largest bank in the Philippines, has agreed to finance its acquisition of 60 new EV trucks, bringing its total fleet to 110 EV units.
The company aims to grow its fleet of EV vehicles to 240 units by the end of the first quarter of next year, according to the announcement.
The expansion of Mober’s EV fleet comes as the company is set to open its new charging hub, said to be Southeast Asia’s largest logistics-focused EV charging facility, in Pasay City by the end of January.
Mober’s clients include IKEA, Nestlé, Maersk, Monde Nissin, Starbucks, and Kuehne+Nagel. The company, launched in July 2015, sources its EVs directly from original equipment manufacturers.
Beyond fleet expansion, Mober said it is pioneering innovation in the commercial EV sector. Its advanced BMS provides real-time battery monitoring, facilitating predictive maintenance and prolonging fleet lifespan.
The collaboration with BDO follows Mober’s recent $6 million investment from the Southeast Asia Clean Energy Facility II (SEACEF II), managed by Clime Capital.
Early this year, Mober also raised $2 million in seed funding from RT Heptagon Holdings to integrate more EVs into its fleet.
In August, the startup launched its electric vehicle delivery and warehousing services in Cebu. The Cebu hub supports the regional expansion of the Philippine unit of Swedish home furnishing retail giant IKEA, using a 100% EV fleet for home deliveries.
