In January, Amazon announced it is supporting Forum Mobility, an Oakland, California zero-emission trucking solutions provider, that is building electric truck charging stations for harbor trucking fleets and drivers.
The venture is supported by a new $400 million joint venture, led by the commercial real estate company CBRE. In addition, Homecoming Capital provided $100 million.
Forum Mobility’s investors include Obvious Ventures, Edison International, Overture, Homecoming Capital, CBRE Investment Management, Elemental Excelerator and Amazon’s Climate Pledge Fund, the announcement said.
The endorsement from Amazon signals that a major retail and logistics company is ready to make the investment in electric trucks and charging stations.
Rodrigo Prudencio, principal at Amazon’s Climate Pledge Fund said of the commitment: “To address global warming at scale, we need solutions that support the transition to electric vehicles, especially in hard-to-decarbonize sectors like heavy duty trucking. Forum Mobility’s solution will help small business owners electrify their transportation fleets, remove air pollution from California’s ports, and provide the charging infrastructure needed to support the growing use of electric trucks.”
At the January announcement, Matt LeDucq, CEO and Co-founder of Forum Mobility explained: “We are building a comprehensive charging network for heavy-duty trucks to make the transition to electrification. This network will need a lot of infrastructure and real estate, and CBRE IM is the perfect partner to help us build charging where it’s needed most. Fleets can bring their trucks to our network, or we can provide electric trucks bundled with charging. Today we can provide a Class 8 electric truck, and all its charging needs, at a monthly price that’s competitive with diesel – without the emissions… With new rules coming soon from the California Air Resources Board, we help fleets and drivers looking to make the jump to electric.”