The USD100-million blended finance deal for electric mobility between Ayala Corporation, the Asian Development Bank (ADB) and Canadian Climate and Nature Fund for the Private Sector in Asia (CANPA), was recognized as the Philippines’ Transport Deal of the Year in the prestigious The Asset Triple A Sustainable Infrastructure Awards 2025.
The award cited how the deal helps advance electric mobility in the Philippines by enabling Ayala’s business unit ACMobility to expand its electric vehicle charging station (EVCS) network and acquire more EVs for commercial distribution.
The Asset underscored how the deal could contribute to cutting down greenhouse gas emissions, in line with the country’s target of a 75-percent reduction by 2030.
Ayala and ADB signed the deal in January 2025. It includes a concessional loan from CANPA, an ADB-managed trust fund with support from the Canadian government.
This initiative strengthens ACMobility’s EV charging network, supporting the Philippines’ transition to wider EV adoption.
“This recognition affirms our efforts to advance electric mobility in the country. This financing has helped accelerate the Philippines’ shift to EVs,” said Ayala Corporation President and CEO Cezar P. Consing.
The Asset Triple A Sustainable Infrastructure Awards honors institutions and deals across Asia that have “made a difference” in the infrastructure sector, critical in the region’s development.
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