BDO bankrolls Mober purchase of EV trucks

BDO Unibank Inc. is bankrolling Mober’s acquisition of 60 new electric vehicle (EV) trucks, which the logistics company will deploy for delivery services as it expands operations next year.

In a recent statement, Mober announced it had signed a financing deal with the Sy-led lender for an undisclosed amount.

“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 BDO institutional banking group head and executive vice president Charles Rodriguez.

Sustainable finance

Based on BDO’s sustainable finance framework, financing this project falls under green eligible categories that include clean transportation.

The purchase of additional units will bring Mober’s total fleet to 110 EVs.

“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,” Mober CEO Dennis Ng said.

By January next year, Mober is also set to open a new charging hub in Pasay.

The company has been ramping up efforts to become a big player in green logistics in Southeast Asia.

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Mober, in fact, secured a $6-million investment from the Southeast Asia Clean Energy Facility II (SEACEF II), which is managed by Singapore-based fund manager Clime Capital, last year.

SEACEF II caters to businesses that promote clean energy and low-carbon solutions.

“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,” Clime Capital Philippines country manager Rachel Santiago-Sacro said.