Posted on

Filipino EV logistics startup Mober raises US$2M seed financing

Mober, an electric vehicle (EV) logistics startup in the Philippines, has received US$2 million in a seed financing round led by local family business RT Heptagon Holdings.

The company is using the funds to accelerate the integration of electric vehicles (EVs) into its fleet. Mober has already expanded its EV fleet to 60 vehicles.

Established in July 2015, Mober aims to drive the transition to green deliveries in the Philippines. The firm has developed a Transport Management System (TMS) to optimise delivery efficiency and track the CO2 savings achieved through EVs.

Also Read: Driving change: Mober’s journey towards sustainable green delivery

The company is working with several brands, such as Kuehne + Nagel, Nestle, and Maersk, to electrify their logistics operations. Notable among them is the collaboration with IKEA Philippines, aiming to electrify 100 per cent of its home delivery services by 2025. Mober has also inaugurated a flagship EV charging station in Pasay City to support its fleet, particularly those serving IKEA Philippines.

Mober will also electrify same-day delivery services for SM Appliance Center.

The company anticipates an investment round before the end of Q1 2024. This upcoming financial infusion will further accelerate Mober’s green logistics initiatives.

X marks Echelon. Join us at Singapore EXPO on May 15-16 for the 10th edition of Asia’s leading tech and startup conference. Enjoy 2 days of building connections with potential investors, partners, and customers, exploring innovation, and sharing insights with 8,000+ key decision-makers of Asia’s tech ecosystem. Get your tickets here.

Want more from your Echelon experience? Be an Echelon X sponsor or exhibitor. Send enquiry here.

The post Filipino EV logistics startup Mober raises US$2M seed financing appeared first on e27.