What is Forum Mobility?
Forum Mobility is at the forefront of providing accessible zero-emission trucking solutions, specifically targeting drayage operations in California. The company offers a comprehensive, one-stop solution that encompasses building and operating essential charging infrastructure, alongside providing Class 8 zero-emission electric trucks. Forum Mobility 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 aims to simplify the transition to electric trucking for both small independent operators and large fleets, addressing a critical need for sustainable 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 Homecoming Capital, Edison International, Obvious Ventures, and Overture VC
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.
Edison International
Edison International, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in the United States.
Obvious Ventures
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 recent major strategic investment signals Forum Mobility's transition into a scaling phase, likely focused on expanding its charging depot network and fleet deployment across California and potentially beyond. This capital infusion will be instrumental in accelerating the adoption of zero-emission trucking, a crucial step in meeting environmental regulations and corporate sustainability goals. Future developments may include further technological integration, strategic partnerships with logistics providers, and continued innovation in charging solutions to support the growing demand for electric freight transport.
See full Forum Mobility company page
