Forum Mobility is proud to announce a transformative $400 million joint venture with CBRE Investment Management and Homecoming Capital, alongside the successful close of a $15 million Series A funding round. This capital supports our mission to build a robust network of charging depots adjacent to the Ports of Long Beach, Los Angeles, and Oakland—and to offer electric Class 8 trucks via flexible, inclusive subscriptions.
CEO Matt LeDucq explains, “We’re building a comprehensive charging network for heavy‑duty trucks…at a monthly price that’s competitive with diesel—without the emissions”. Featuring infrastructure-first and charging-as-a-service models, Forum’s solution removes financial and operational barriers for small and independent drayage fleets—aligning directly with California’s 2035 zero-emission mandate.
This strategic investment enables Forum Mobility to scale site acquisition, permitting, and depot construction—backed by CBRE’s real estate expertise—while leveraging tax incentives to deliver turnkey EV charging and vehicle services. We’re building the foundation for cleaner, equitable freight transport, keeping small operators thriving and port communities breathing easier.
Forum Mobility Unveils $400M JV and $15M Series A to Accelerate Zero‑Emission Trucking at California Ports
Read the full article here: https://www.logisticsmgmt.com/article/forum_mobility_heralds_400m_joint_venture_with_cbre_im_and_series_a_funding
The depot features 44 hi-speed charging dispensers and 9 MW of power, and will serve several hundred drayage trucks a day.
Industry leaders like Amazon Global Mile, Talon Logistics, Green Fleet Systems, Jaspem Truck Line Inc, Legacy Drayage, AI Trans, Hunter Logistics, and Redefined Transportation have already secured reservations at Forum’s charging depots.
Forum Mobility has also announced a collaboration with Climate United to provide affordable lease options to small fleets at the Ports of Los Angeles and Long Beach. Leveraging a grant from the Environmental Protection Agency (EPA), Climate United will invest up to $250 million to purchase up to 500 class 8 electric trucks – the largest single order in US history.
FM Harbor is a great example of what’s possible in zero emission freight
“Electric drayage trucks cost less to operate, but high upfront costs make it difficult for independent owner-operators and small fleets to go electric,” said Beth Bafford, CEO of Climate United. “Through tax credits, incentives, and attractive financing, we are significantly reducing cost barriers to help small fleets make the switch. This yields local results, including lower cost of ownership, less pollution, and better health outcomes as well as national impact through the creation of new financing markets that promote American manufacturing, create jobs, lower costs, and stimulate demand.”
Elemental Impact, a nonprofit investor focused on scaling climate technology for deep community impact, has also invested in the facility. Elemental’s investment and support covered essential development costs, such as permitting and engineering design, in addition to coaching for effective community, policymaker and other stakeholder engagement.
“Forum Mobility has proven that heavy-duty electric trucking is ready to scale using FM Harbor as a replicable model. Their combination of a truck leasing program and subscription-based charging represents a win-win solution for truckers and the surrounding community,” said Danya Hakeem, Elemental Impact Vice President of Portfolio. “This is one of several depots that we are proud to support as they deploy their charging network to even more transportation hubs across the U.S.”
California and the Port of Long Beach have ambitious goals for zero emission drayage trucks. The FM Harbor depot is a crucial component of this effort, offering 19 dual-port 360 kW chargers and six single-dispenser 360 kW chargers, enabling simultaneous charging for up to 44 trucks and serving over 200 trucks daily. It is the largest port-based truck charging depot in the world.
“FM Harbor is a great example of what’s possible in zero emission freight. We are combining our expertise in building safe and reliable depots with Climate United’s incredibly low-cost truck lease to provide fleets in SoCal, Oakland, and Seattle reliable charging, where they need it, at affordable rates,” said LeDucq.
