What is Forum Mobility?
Forum Mobility is pioneering accessible zero-emission trucking solutions within California, addressing the critical need for sustainable drayage operations. The company offers a comprehensive, one-stop solution that encompasses the building and operation of essential charging infrastructure, alongside providing Class 8 zero-emission electric trucks. Forum is actively developing a network of charging depots strategically located around the major ports of Oakland, Los Angeles, and Long Beach, as well as along key trucking routes to warehouse destinations. This integrated approach simplifies the transition to electric fleets for both small independent operators and large commercial fleets, facilitating wider adoption of environmentally friendly logistics.
How much funding has Forum Mobility raised?
Forum Mobility has raised a total of $22.5M across 2 funding rounds:
Angel/Seed
$7.5M
Series A
$15M
Angel/Seed (2021): $7.5M with participation from The Obvious, Edison International, Overture VC, and Homecoming Capital
Series A (2023): $15M led by Homecoming Capital and CBRE Investment Management
Key Investors in Forum Mobility
Homecoming Capital
Homecoming Capital is a private investment firm dedicated to accelerating decarbonization in the power, transportation, and industrial sectors through zero-emission infrastructure. The firm invests in both early-stage platforms and established businesses, providing flexible capital and strategic guidance to support their growth and transition.
CBRE Investment Management
CBRE Investment Management is an investment management firm that focuses on real estate and infrastructure. Their investment strategies often align with sustainable development and operational efficiency, making them a potential backer for companies in the logistics and infrastructure sectors.
The Obvious
The Obvious Corp is a full-service creative and design firm that transforms client ideas into compelling marketing and communications materials across multiple formats and channels. The company specializes in strategic design, copywriting, and illustration services, delivering everything from traditional collateral including brochures, sell sheets, tradeshow graphics, posters, and direct mail campaigns to digital assets such as websites, interactive presentations, and PowerPoint decks.
What's next for Forum Mobility?
The substantial enterprise-level funding, particularly the recent strategic investment, positions Forum Mobility for accelerated growth and expansion of its charging infrastructure network. This capital infusion is expected to bolster the company's operational capacity, enabling it to scale its fleet of zero-emission trucks and enhance its charging depot capabilities across critical Californian logistics hubs. Forum Mobility's focus on providing an end-to-end solution for electric drayage is set to drive significant decarbonization within the transportation sector, aligning with broader environmental goals and regulatory mandates.
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