Mober, a frontrunner in green logistics services in the Philippines, has been recognized in Forbes Asia’s 100 to Watch List of 2024 for its significant impact in the industry and consistent financial growth in the Asia-Pacific region.
The list this year focuses on companies and start-ups that have achieved steady growth, even as venture capital funding in the region hit a seven-year low last year.
This year, the company secured an additional US$6 million in funding from the South East Asia Clean Energy Facility II, managed by Clime Capital, building on the US$2 million investment received from RT Heptagon Holdings last year. This funding advances the company’s mission of providing greener logistics solutions in the Philippines.
It is one of only three companies from the Philippines that have made it to the list and is also one of the five listed companies from the construction and logistics industry.
To qualify for the list, companies must be headquartered in the Asia-Pacific region, be privately owned and for-profit, have an annual revenue not exceeding US$50 million and have received no more than US$100 million in total funding as of August 7 2024.
The company currently operates a fleet of over 60 electric vehicles (EVs), including e-vans and e-trucks, and aims to expand to 238 electric trucks by year-end. And it has invested in its battery management system software to enhance the performance and efficiency of its EV fleet.
This investment, the company says, allows it to optimize battery usage, improve safety, gather real-time data for better fleet management and extend battery lifespan. By doing so, the company strengthens its commitment to sustainability and ensures the seamless scalability of its operations as the fleet grows.
As well, the company announced early this year the development of its advanced transport management system, designed to optimize fleet route planning and delivery schedules, enhancing resource management, while significantly reducing energy consumption and carbon output.
In addition to its environmental initiatives, the company, it stresses, is committed to inclusivity by training female drivers and assemblers, highlighting the company’s dedication to workforce diversity.
Looking ahead, the company plans to establish a network of charging stations from Pasay City to Tacloban, strategically positioned every 150 to 200 kilometres, to support its vision of sustainable logistics across the region.
“This [list] recognition underscores the global importance of our mission in sustainable logistics,” says Dennis Ng, the company’s CEO. “At Mober, we remain steadfast in our commitment to helping businesses achieve net-zero carbon emissions with zero capital expenditures, paving the way for a greener future.”
