What is Forum Mobility?
Forum Mobility operates at the intersection of clean energy and logistics, providing a comprehensive, one-stop solution for zero-emission trucking. The company addresses the significant infrastructure gap in the drayage industry by building and operating high-capacity charging depots while simultaneously offering Class 8 electric trucks to both independent operators and large-scale fleets. By simplifying the transition to electric power, Forum Mobility mitigates the operational complexities typically associated with fleet electrification, such as grid connectivity and charging downtime. Its market position is defined by its ability to serve as a critical link in the supply chain, facilitating the movement of goods from major ports to warehouse destinations while adhering to stringent environmental mandates.
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 Overture VC, Edison International, Homecoming Capital, and The Obvious
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.
Edison International
Edison International is a U.S.-based electric utility holding company focused on power generation, transmission, and clean energy solutions, including grid modernization.
CBRE Investment Management
CBRE Investment Management is a global real assets investment firm that provides strategic capital to support large-scale infrastructure and real estate development projects.
What's next for Forum Mobility?
With the infusion of capital from its latest round, Forum Mobility is poised to accelerate the build-out of its proprietary charging network. Strategic priorities include optimizing depot locations along primary trucking routes to ensure maximum uptime for fleet operators. As the regulatory environment in California continues to favor zero-emission mandates, the company is well-positioned to capture significant market share by providing the essential infrastructure that traditional logistics providers currently lack. Future growth will likely focus on scaling its leasing model and deepening partnerships with utility providers to ensure grid reliability for its expanding network of high-voltage charging stations.
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