LOGISTICS COMPANY Mober said it has secured $2 million in funding to accelerate its integration of electric vehicles (EVs) into retail logistics.
鈥淲ith the new funding, Mober has expanded its EV fleet to 60 vehicles, enhancing its capability to meet the rising demand for eco-friendly logistics services,鈥 the company said in a statement on Wednesday.
鈥淭his move aligns with the global shift towards sustainable practices, significantly reducing the carbon footprint of delivery operations,鈥 it added.
Mober stated that the seed funding round was led by RT Heptagon Holdings, OPC, which engages in equitable investments.
In line with its aim of revolutionizing green logistics in the Philippines, Mober has developed a transport management system that tracks carbon dioxide savings through the use of EVs.
In September, the company announced the launch of its first EV charging station in Pasay City, designed to serve its fleet serving IKEA Philippines, to which it invested P2 million.
鈥淭his initiative is part of Mober鈥檚 broader strategy to enhance the sustainability of its operations and support the green transition of its clients,鈥 it said.
Mober, through its collaboration with IKEA Philippines, aims to fully electrify IKEA鈥檚 home delivery services by 2025. Aside from IKEA, Mober is also a logistics partner to other companies such as Kuehne+Nagel, Nestl茅, and Maersk.
The company also said that it is set to electrify same-day delivery services for SM Appliance Center, marking the integration of eco-friendly practices into mainstream retail logistics.
Mober is poised for further growth this year as it is anticipating an investment round before the end of the first quarter, the company said.
鈥淭his upcoming financial infusion is expected to further accelerate Mober鈥檚 initiatives in green logistics, expanding its reach and impact in the sector,鈥 it added. 鈥 Justine Irish D. Tabile
