A leading green logistics services provider has recently secured a notable $6 million investment, approximately ₱350 million, from the South East Asia Clean Energy Facility II (SEACEF II). This investment fund is managed by Clime Capital, a Singapore-based fund manager specializing in accelerating low-carbon energy transitions.
This substantial funding, which includes both equity and convertible notes, will support the expansion of the provider’s electric vehicle (EV) fleet to 238 units. Additionally, the funds will aid in establishing a new 3,000 square meter charging facility, anticipated to be operational by early 2025. This financial boost reflects the company’s unwavering commitment to sustainability and marks a significant milestone in enhancing its green logistics capabilities.
According to the firm’s CEO, the partnership with Clime Capital not only provides crucial capital but also bolsters the company’s credibility and commitment to sustainability. This collaboration is expected to accelerate the firm’s progress towards achieving its ambitious environmental goals and strengthen its standing in the marketplace.
The logistics firm, known for its entirely electric fleet, serves prominent clients across various sectors, including retail, food and beverage, and logistics. As part of its technological advancement, the company is developing an advanced Battery Management System (BMS) to optimize the efficiency and lifespan of its EVs. This system is a testament to their dedication to innovation and sustainability.
To facilitate long-haul operations, the provider plans to strategically deploy charging points across northern and southern Luzon. By sourcing EVs directly from original equipment manufacturers (OEMs), the firm ensures each vehicle meets specific operational needs, enhancing both efficiency and reliability.
In addition to its environmental initiatives, the logistics company is deeply committed to workforce inclusivity. It actively trains female drivers and assemblers, demonstrating a strong dedication to diversity and inclusion. The company also prides itself on its EV drivers, referred to as Green Delivery Specialists (GDS), who represent the firm’s commitment to high standards of service and sustainability.
Clime Capital’s Chief Investment Officer expressed enthusiasm for this pioneering investment in the Philippines’ EV sector. The firm’s blended finance model enables clean-energy businesses to scale effectively, achieving financial sustainability while generating positive environmental impacts. This strategic investment aims to accelerate the growth of companies that are at the forefront of the low-carbon transition.
Since its founding in July 2015, this logistics provider has been a pioneering force in green deliveries within the Philippines. As the largest operator of EV delivery services in Southeast Asia, it continues to lead the region in sustainable logistics, setting a benchmark for environmentally friendly delivery solutions.
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