Electric vehicle (EV) delivery operations in the Philippines received a significant boost with a recent $2 million seed funding secured by a local firm. The funding, led by RT Heptagon Holdings (RTHH), signals a pivotal moment for green logistics expansion in the region.
The investment aims to propel the integration of EVs into the delivery fleet, aligning with global efforts towards sustainability. With the infusion of capital, the firm has expanded its EV fleet to 60 vehicles, enhancing its capacity to cater to the increasing demand for eco-friendly logistics services.
A key focus of the investment is the development of a Transport Management System (TMS) to optimize delivery efficiency and track carbon dioxide savings achieved through EV usage. This emphasis on transparency underscores the firm’s commitment to environmental accountability.
Furthermore, the firm has inaugurated a flagship EV charging station in Pasay City to support its growing fleet, particularly those serving major clients like IKEA Philippines. This initiative forms part of a broader strategy to promote sustainability in operations and accommodate the green transition of clients.
In addition to serving IKEA Philippines, the firm is set to electrify same-day delivery services for SM Appliance Center, demonstrating its dedication to integrating eco-friendly practices into mainstream retail logistics.
Collaborations with industry giants such as Kuehne + Nagel, Nestle, and Maersk highlight the firm’s role as a catalyst for the widespread adoption of sustainable delivery solutions in the Philippine logistics sector.
A notable milestone is the collaboration with IKEA Philippines, aiming to electrify 100% of home delivery services by 2025. This ambitious project underscores the firm’s commitment to leading the charge in sustainable logistics and setting industry benchmarks for environmental responsibility.
Dennis Ng, Founder and CEO of the firm, emphasized the importance of the funding round in advancing sustainable urban mobility. He highlighted the firm’s dedication to making a positive environmental impact through its operations.
Despite challenges in the startup funding environment, the firm’s success in securing seed funding reflects the strength of its sustainability-driven business model. Buoyed by this momentum, the firm anticipates further growth with an upcoming investment round, expected to accelerate its initiatives in green logistics.
As the EV market continues to grow in the Philippines, supported by government policies and increasing consumer awareness, the firm’s initiatives are well-positioned to contribute to the country’s green transition and pave the way for a more sustainable future in the industry.
