Mober secures BDO financing for 60 EVs
Mober and BDO recently signed the first-ever commercial EV fleet financing deal in the Philippines: (L-R) Jeanette Javellana, executive vice president and head of Commercial Banking Metro Manila & Luzon, BDO Unibank; Dennis Ng, founder and CEO, Mober; and Jeffrey Ang, first vice president and unit head of Commercial Banking Metro Manila North A2, BDO Unibank. Photo from Mober.
  • Mober recently secured financing for 60 new electric vehicle trucks from BDO Unibank
  • This will increase Mober’s EV fleet to 110 units
  • Mober targets 240 EV units by the first quarter of 2025, according to CEO Dennis Ng
  • The EVs are supported by Mober’s proprietary Battery Management System and Transport Management System to enhance fleet efficiency and sustainability
  • The company’s logistics-focused EV charging facility in Pasay City is set to open in January 2025; it will be the largest in Southeast Asia

Mober recently secured financing for 60 new electric vehicle (EV) trucks from BDO Unibank, the first-ever commercial EV fleet financing deal in the Philippines.

“With the addition of these 60 EV trucks, our fleet now stands at 110 units, bringing us closer to our goal of 240 units by the end of the first quarter of 2025. Supported by our proprietary Battery Management System (BMS) and Transport Management System (TMS), we’re ensuring not only sustainability but also efficiency and reliability for our clients,” Mober CEO Dennis Ng said in a statement.

BMS ensures real-time battery performance monitoring, enabling predictive maintenance and extended fleet lifespan, Mober said. Its TMS optimizes delivery routes, reducing emissions and energy consumption while ensuring seamless operations for clients, including IKEA, Nestlé, Maersk, Monde Nissin, Starbucks, and Kuehne+Nagel, offering solutions that align with its global net-zero commitments.

Charles Rodriguez, executive vice president and head of BDO Unibank’s Institutional Banking Group, said the bank is “committed to supporting eco-friendly initiatives and innovative businesses that nurture the environment and present opportunities for economic growth. This partnership with Mober reinforces our shared commitment towards a greener, more sustainable future.”

Last year, Mober secured a $6-million blended investment from the Southeast Asia Clean Energy Facility II (SEACEF II) by Singapore-based fund manager Clime Capital. SEACEF II focuses on supporting businesses accelerating clean energy transitions and low-carbon solutions in the region.

Clime Capital Philippines’ country manager Rachel Santiago-Sacro noted, “The Philippines is one of the world’s most vulnerable countries to the adverse impacts of climate change. By supporting clean-energy pioneers like Mober, we make a meaningful contribution toward rapid decarbonization in Southeast Asia – helping to meet countries’ net-zero targets.”

To further its initiatives, Mober is set to launch Southeast Asia’s largest logistics-focused EV charging hub in Pasay City by January 2025 in time with the new procurement of EV trucks.

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