Forum Mobility

About Forum Mobility

Forum Mobility is a finance and asset management firm focused on the decarbonization of heavy-duty trucking, particularly within the drayage sector that serves ports. Founded in 2021 by Matt LeDucq, Topher Wood, and Adam Browning, the company is headquartered in Oakland, California. The founding team combines extensive experience in renewable energy, infrastructure development, and clean energy policy. LeDucq, the CEO, has over 20 years of experience in transformative energy projects, including leadership roles at NextEra Energy Resources, Suntech, and Yingli Green Energy. Browning, the EVP of Policy, co-founded and led the national clean energy advocacy group Vote Solar for two decades. This background positions the firm to navigate the complex regulatory and infrastructure challenges of fleet electrification.

The company's core business revolves around a Trucking-as-a-Service (TaaS) model, designed to lower the barrier to entry for fleet operators transitioning to zero-emission vehicles. It provides a bundled, single monthly subscription that can include Class 8 electric trucks, and access to a network of company-owned and operated charging depots. This converts the high upfront capital expenditure of purchasing electric trucks into a predictable operational cost, making the transition financially viable for both large fleets and small independent owner-operators. Forum Mobility's target clients are drayage trucking companies operating around California's major ports, such as Long Beach, Los Angeles, and Oakland. This market is driven by state mandates, including a rule from the California Air Resources Board (CARB) requiring all drayage trucks to be zero-emission by 2035.

The company develops, owns, and operates a network of secure, staffed charging depots strategically located near ports and along key freight corridors. These depots can service from 50 to 200 trucks at a time, offering both overnight and en-route fast charging. For example, its FM Harbor depot in the Port of Long Beach is designed to serve over 200 trucks daily. To support its infrastructure build-out, the company has secured significant financing. In January 2023, Forum Mobility announced a $15 million Series A funding round and a $400 million joint venture with CBRE Investment Management. This capital is intended to fund the development of its charging network and expand its fleet offerings. Investors include Amazon's Climate Pledge Fund, Obvious Ventures, and Edison International.