NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Gogoro Inc. (NASDAQ: GGR) resulting from allegations that Gogoro may have issued materially misleading business information to the investing public. So What: If you purchased Gogoro securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The ...

LOS ANGELES, Sept. 25, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Gogoro Inc. ("Gogoro" or "the Company") (NASDAQ: GGR) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Gogoro announced on a Form 6-K filed with the SEC on September 13, 2024, that it had "c ...

Fortune's annual list recognizes companies that are making a positive social impact through activities that are part of their core business strategy.TAIPEI, Taiwan, Sept. 25, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities has been recognized on Fortune's Change the World List, a ranking of Fortune's the top companies in the world making positive social or environmental impact through activities i ...

NEW YORK, Sept. 24, 2024 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that it is investigating potential claims on behalf of purchasers of Gogoro Inc. (NASDAQ: GGR) ("Gogoro" or "the Company")Gogoro Inc. manufactures two-wheeled electric vehicles and battery swapping infrastructure, primarily serving customers in Taiwan.The investigation focuses on whether the Company issued false and/or misleading stateme ...

NEW YORK, Sept. 24, 2024 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Gogoro Inc. (NASDAQ: GGR) resulting from allegations that Gogoro may have issued materially misleading business information to the investing public.So What: If you purchased Gogoro securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen L ...

Investors can contact the law firm at no cost to learn more about recovering their losses ​LOS ANGELES, Sept. 23, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Gogoro Inc. (“Gogoro” or “the Company”) (NASDAQ: GGR) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Gogoro investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesley ...

NEW YORK, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Gogoro Inc. (“Gogoro” or “the Company”) (NASDAQ: GGR). Investors who purchased Gogoro securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/GGR. Investigation Details On September 13, 2024, Gogoro Inc. filed a Form 6-K with the SEC and announced in the report that it had “co ...

NEW YORK, Sept. 17, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Gogoro Inc. ("Gogoro" or the "Company") (NASDAQ: GGR). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Gogoro and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On September 13, 2024, Gogoro an ...

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]