Mober Technology Inc., a trailblazer in the Philippine logistics sector, has successfully closed a $2 million seed funding round, spearheaded by RT Heptagon Holdings with Rex Tiri at the helm.
This investment is a significant leap forward in the company’s quest to integrate electric vehicles (EVs) into its delivery services, marking a pivotal shift towards sustainable logistics in the country.
With the fresh capital, Mober has expanded its fleet of electric vehicles to 60, aiming to meet the increasing demand for environmentally friendly delivery options. This expansion is in line with a global movement towards sustainability, promising a substantial reduction in the carbon footprint of delivery operations.
A key development from this funding is the creation of a Transport Management System (TMS) by Mober. This innovative system not only enhances delivery efficiency but also monitors the CO2 savings realized by switching to electric vehicles, highlighting Mober’s dedication to environmental transparency and responsibility.
In addition, Mober has inaugurated a flagship EV charging station in Pasay City to support its burgeoning fleet, especially those vehicles servicing IKEA Philippines. This move complements Mober’s comprehensive strategy to bolster the sustainability of its operations and aid its clients in transitioning towards greener practices.
The company is also extending its sustainable delivery solutions to include same-day delivery services for SM Appliance Center, further embedding eco-friendly practices into the fabric of mainstream retail logistics. This initiative demonstrates Mober’s agility and innovation in meeting the evolving demands of the market and its clientele.
Mober’s commitment to green logistics is further evidenced by its partnerships with leading corporations such as Kuehne + Nagel, Nestle, and Maersk, aiming to electrify their logistics operations. These collaborations underscore Mober’s role in encouraging the adoption of sustainable delivery solutions across the Philippine logistics industry.
One of Mober’s most ambitious projects is its collaboration with IKEA Philippines to electrify 100% of the retailer’s home delivery services by 2025, setting a new standard for environmental responsibility in the retail sector.
Dennis Ng, Founder and CEO of Mober, expressed his gratitude towards RT Heptagon Holdings and Rex Tiri for their support, emphasizing the significance of this funding round in Mober’s mission to promote sustainable urban mobility. This investment not only propels Mober’s growth but also solidifies its commitment to environmental sustainability.
Despite the challenges of a tough funding climate for startups in 2023, Mober’s robust, sustainability-focused business model has enabled it to secure this crucial seed funding.
Looking ahead, Mober anticipates further investments by the end of the first quarter of 2024, which will accelerate its green logistics initiatives and broaden its impact within the industry.
As the EV market in the Philippines grows, supported by favorable government policies and rising consumer awareness, Mober’s efforts are well-positioned to contribute significantly to the country’s green transition.
With its expanding fleet and innovative solutions, Mober is on course to become a leader in green logistics in Southeast Asia, starting with the Philippines, and paving the way for a more sustainable future in the logistics sector. – PhilippinesToday.ph