Companies introduce new Pulse, JEGO and CrossOver GX250 Smartscooters at NADA Auto Show in Kathmandu and plan to deploy more battery swapping stations than petrol stations in Nepal.KATHMANDU, Nepal, Aug. 27, 2024 /PRNewswire/ -- Nebula Energy and Gogoro Inc (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced commercial availability of Gogoro's battery swapping and Smartscooters in the Kathmandu Valley slated for Octo ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2024 was $80.9 million, down 7.2% year-over-year and down 2.4% year-over-year on a constant currency basis [35] - Gross margin was 5.2%, down from 15.2% in the same quarter last year, while non-IFRS gross margin was 13.0%, down from 16% [39] - Net loss for Q2 was $20.1 million, an increase of $14.5 million from a net loss of $5.6 million in the same quarter last year [41] Business Line Data and Key Metrics Changes - Battery swapping service revenue for Q2 was $34.7 million, up 4% year-over-year and up 9.5% year-over-year on a constant currency basis [36] - Sales of hardware and other revenues for Q2 were $46.3 million, down 14.1% year-over-year [36] - The backlog orders for Pulse and JEGO received in Q2 were valued at approximately $12.3 million [35] Market Data and Key Metrics Changes - The total number of registered electric scooters in Taiwan for Q2 was 23,660 units, up 17.6% from 20,118 units in Q2 2023 [15] - Gogoro branded vehicles registration figures were 15,646 units, up 10.8% from Q2 2023 [15] - The overall two-wheeler market in Taiwan is projected to shrink by 14% from last year's 870,000 units to around 750,000 units in 2024 [38] Company Strategy and Development Direction - Gogoro announced two substantial investments totaling $100 million to facilitate asset-light international expansion [6][7] - The company aims to maintain resources and flexibility to operate efficiently while delivering innovation and value to customers [7] - International markets, particularly India, are seen as crucial for long-term strategy, with ongoing efforts to establish partnerships and infrastructure [21][22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that the overall two-wheeler market in Taiwan is softer than anticipated, impacting sales figures [44] - The company expects to generate between $320 million to $345 million of revenue in 2024, with more than 95% of such revenue being Taiwan-based [44] - Management remains optimistic about the Indian market's potential but is awaiting finalization of government incentives for battery swapping vehicles [22][24] Other Important Information - Gogoro has 103 retail stores in Taiwan, 242 Gogoro quick service stores, and 421 authorized repair shops [19] - The company has over 608,000 accumulated subscribers, up from 552,205 subscribers at the end of Q2 2023 [19] - The company raised $50 million and $25 million through issuing ordinary shares to Gold Sino Assets Limited and Castrol Holdings International Limited [43] Q&A Session Summary Question: What is your plan to capture additional market share and volume in the second half of 2024 in Taiwan? What about international markets? - The company plans to deliver all backlog vehicles by the end of the year and expects continued momentum for Pulse and JEGO vehicles [46] Question: Can you give an update on Taiwan market outlook in the second half and the progress and expectations for the Indian market? - The company expects the finalization of the FAME III subsidy policy in India within weeks or months, which will allow for the ramp-up of vehicle sales [57] Question: How should we think about the commercial opportunity in Singapore in the next few years? - The company views Singapore as a leadership country in the region and aims to demonstrate its capabilities in urban mobility [61][62] Question: Can you talk about the margin trend in the second half? - The company expects to hold the margin flat or potentially increase it slightly in the second half due to seasonal upticks in sales [66] Question: If the Indian government doesn't subsidize battery swapping this year, would Gogoro change business strategy? - The company believes in the importance of battery swapping and will adjust its strategy based on market conditions while maintaining its core business model [70] Question: Can you comment on the status of the battery pack factory and vehicle manufacturing capabilities in India? - The company is preparing for the Indian market and is readying its battery pack factory, awaiting the finalization of subsidy programs [73]

Exhibit 99.1 Gogoro Releases Second Quarter 2024 Financial Results TAIPEI, TAIWAN, AUGUST 15, 2024 – Gogoro Inc. ("Gogoro," "the Company" or "We") (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its second quarter ended June 30, 2024. Second Quarter 2024 Summary ▪ Successfully closed two private placements: Gold Sino Assets Limited and Castrol Holdings International Limited invested $50 m ...

TAIPEI, Taiwan, Aug. 15, 2024 /PRNewswire/ -- Gogoro Inc. ("Gogoro," "the Company" or "We") (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its second quarter ended June 30, 2024.Second Quarter 2024 SummarySuccessfully closed two private placements: Gold Sino Assets Limited and Castrol Holdings International Limited invested $50 million and $25 million, respectively, to purchase ordinary ...

TAIPEI, July 25, 2024 /PRNewswire/ -- Gogoro® Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it will release its financial results for the second quarter 2024 before markets open on August 15, 2024. Gogoro's management team will hold an earnings Webcast at 8:00 a.m. Eastern Time on Thursday, August 15, 2024 to discuss the Company's financial and business results and outlook.What: Date of Gogoro Q2 2024 ...

The planned commercial availability follows a successful sandbox pilot previously awarded by Singapore's Land Transport Authority.C&C also announced it was partnering with Shell Recharge to launch battery swapping GoStations at Shell service stations in Singapore.SINGAPORE, July 17, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced it has been certified to launch its battery swappin ...

BP plc’s (BP) subsidiary, Castrol, a global leader in lubricant technology, announced a significant investment of up to $50 million in Gogoro Inc., a global technology leader in battery-swapping ecosystems for smart mobility solutions in urban areas. The investment marks a strategic move for Castrol as it seeks to diversify beyond its traditional lubricants and fluids business.In the first tranche of the investment, Castrol Holdings, an affiliate of Castrol, will invest US$25 million in ordinary shares of G ...

LONDON and TAIPEI, Taiwan, June 25, 2024 /PRNewswire/ -- Castrol, a global leader in lubricants and part of the bp group, today announced an investment of up to US$50 million in Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable smart mobility solutions for cities. Castrol In the first tranche of the investment, Castrol Holdings, an affiliate of Castrol, will invest US$25 million in ordinary shares of Gogoro. This investment is expected to be followed by a s ...

LONDON and TAIPEI, June 25, 2024 /PRNewswire/ -- Castrol, a global leader in lubricants and part of the bp group, today announced an investment of up to US$50 million in Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable smart mobility solutions for cities.In the first tranche of the investment, Castrol Holdings, an affiliate of Castrol, will invest US$25 million in ordinary shares of Gogoro. This investment is expected to be followed by a second US$25 million i ...

Dublin, June 12, 2024 (GLOBE NEWSWIRE) -- The "Strategic Profiling of Gogoro Inc" report has been added to ResearchAndMarkets.com's offering. Gogoro is a Taiwan-based global leader in the E2W battery-swapping ecosystem. The company's electric two-wheeler (E2W) manufacturing expertise and technological know-how in powertrains and battery swapping technology are key growth drivers in establishing its position in the competitive E2W industry. This analysis investigates Gogoro's journey as an E2W manufacturer, ...