BDO to fund Mober’s commercial EV fleet financing in Phl

In a bid to advance green logistics in the country, BDO Unibank Inc., and the country’s pioneer in green logistics, Mober, has recently sealed a landmark agreement to fund the acquisition of Mober of its 60 new electric vehicles (EV) trucks.

The deal brings Mober’s current fleet to 110 EV units, reinforcing its leadership in eco-friendly logistics and setting a new benchmark for the industry.

Mober has been at the forefront of driving sustainability in mid- and last-mile logistics. The company serves an impressive roster of blue-chip clients, including IKEA, Nestlé, Maersk, Monde Nissin, Starbucks and Kuehne+Nagel, offering innovative solutions that align with its global net-zero commitments.

“This is a historic milestone not just for Mober but for the entire logistics industry in the Philippines,” said Dennis Ng, CEO of Mober.

“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,” he added.

Apart from expanding its fleet, Mober is also setting the precedent for innovation in the commercial EV space in the country.

Its state-of-the-art BMS offers real-time monitoring of battery health and performance, enabling predictive maintenance and extending the lifespan of its fleet. Its proprietary TMS optimizes delivery routes, reducing energy consumption and emissions while ensuring operational excellence for its clients.

BDO, the largest bank in the Philippines, on the other hand, sees the partnership as a testament to its growing commitment to green financing and sustainable business practices.

“We remain 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,” said executive vice president and head of BDO Unibank’s Institutional Banking Group Charles M. Rodriguez.

The partnership with BDO is the latest in Mober’s recent success in securing investments.

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