EV Trucks as a Service: $422M Raised to Electrify Ports + Fight Local Air Pollution

Matt LeDucq explains how Forum Mobility provides zero-emission trucks and charging via a subscription model, tackling port emissions while scaling with venture capital and strategic partnerships.⭐ My guest today is Matt LeDucq, Cofounder and CEO of Forum Mobility.Forum Mobility is tackling greenhouse gas emissions at California’s largest ports as well as local air pollution causing asthma and cancer near these ports.They provide zero-emission trucks and electric charging for one monthly price. They recently signed a $400M JV with CBRE Investment Management and have raised over $22M in venture capital to date.In addition, Matt is the former:Executive Director at NextEra Energy ResourcesVP at Yingli Green Energy HoldingsVP at Suntech---🎙️ In this episode, we talked about:How communities near ports suffer have twice the risk of cancer and asthmaThe billions of dollars to be invested in electrifying transportation within portsPolicy drivers such as California’s Advanced Clean Fleets are influencing a massive vehicle turnover within 12 yearsHow their “Trucks as a Service” model works like a solar Power Purchase Agreement (PPA)Lessons he’s bringing from giant energy companies to his fast-growing startupHow they are convincing early adopters to sign up as customersWhy investors love their business model and the power of derisking revenue streamsThe thrill of disorder and insanity within startupsHow we grow at the edges of our comfort zonesAnd lots more---👍 Quick favor: Please leave a review or 5-star rating on your podcast player. This helps more listeners discover the climate CEOs and investors I interview here. 🙏---🌎 Entrepreneurs for Impact is on a mission to help climate founders, CEOs, and investors scale faster via the #1 peer group community in North America. Our invite-only cohorts grow through monthly meetings, annual retreats, and 1:1 coaching calls. Today’s highly vetted members represent over $8B in market cap or assets under management. ⁠⁠⁠⁠https://entrepreneursforimpact.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Programs are led by Dr. Chris Wedding — 4x founder, $1B of investment experience, and Duke University and UNC-Chapel Hill professor, with 70,000+ professional students taught, 25 years of meditation, an obsession with constant improvement, and far too many mistakes to keep to himself.And here's our weekly newsletter — A 2-minute summary of climate tech startups, impact investing, and leading with purpose (and a sense of humor). ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://entrepreneursforimpact.substack.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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