Forum Mobility heralds $400M joint venture with CBRE IM and Series A funding round

With an eye on what it calls the equitable electrification of heavy-duty port transit, Oakland-based Forum Mobility, a provider of zero-emission trucking services, announced two initiatives focused on the company’s core mission, with each having an eye on the future. One initiative heralded by Forum is the closure of its $15 million Series A funding round, as well as its $400 million joint venture, with both serving as the beneficiaries of a fund led by CBRE Investment Management (IM) focused on providing comprehensive, zero-emission charging and vehicle solutions for drayage truck fleets and also drivers.
Source: logistics Mgmt