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Gogoro Announces Exclusive Distribution Partnership with Cycle & Carriage in Singapore; Plans For Commercial Battery Swapping and Smartscooter Availability in Q4 2024
Prnewswire· 2024-07-17 08:00
Core Insights - Gogoro Inc. has received certification to launch its battery swapping and Smartscooters in Singapore, with plans to commence commercial operations in Q4 2024 in partnership with Cycle & Carriage [1][2] - Cycle & Carriage has partnered with Shell Recharge to establish battery swapping GoStations at Shell service stations across Singapore, with the first station expected to be operational by August 2024 [4] Group 1: Partnership and Launch Plans - Gogoro's partnership with Cycle & Carriage aims to accelerate the adoption of battery swapping technology and electric two-wheel vehicles in Singapore, following a successful pilot program [2][3] - The pilot program, which includes collaboration with foodpanda, has shown positive results, with riders reporting high satisfaction and efficient battery swapping processes [3][2] Group 2: Product Offerings - Cycle & Carriage will offer three models of Gogoro Smartscooters by Q4 2024: Gogoro SuperSport, Gogoro Premium, and Gogoro Viva Mix, catering to different market segments [5] - The Smartscooters are designed to provide a sustainable and efficient transportation solution, with features that enhance user experience [5] Group 3: Battery Swapping Ecosystem - Gogoro's battery swapping network is designed to be smart and safe, with a significant presence in Taiwan, supporting over 600,000 riders and facilitating more than 400,000 daily battery swaps [6][7] - The network has contributed to substantial CO2 emissions reductions, with over 1 million tons avoided through its operations [7]
BP's Castrol to Invest $50M in Battery-Swapping Leader Gogoro
ZACKS· 2024-06-26 12:51
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 ...
Castrol invests in Gogoro, a two-wheeler battery swapping leader
Prnewswire· 2024-06-25 10:00
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 ...
Castrol invests in Gogoro, a two-wheeler battery swapping leader
Prnewswire· 2024-06-25 10:00
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 ...
Strategic Profiling of Gogoro: Technology Know-how and Notable Partnerships Unlock Growth Opportunities in Battery-swapping Ecosystems Across Key Two-wheeler Regions
GlobeNewswire News Room· 2024-06-12 13:42
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, ...
Gold Sino Assets Limited to Invest $50 Million into Gogoro to Continue Expanding its Leadership in Smart Urban Mobility
Prnewswire· 2024-06-03 10:00
With more than 400,000 daily battery swaps and more than 570 million total battery swaps since it launched in 2015, Gogoro has been recognized as a global leader in two-wheel battery swapping. TAIPEI, Taiwan, June 3, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced an agreement for $50 million investment from Gold Sino Assets Limited ("Gold Sino") to continue its leadership in urba ...
Gogoro Announces Results of Annual General Meeting of Shareholders
Prnewswire· 2024-05-31 22:02
TAIPEI, May 31, 2024 /PRNewswire/ -- Gogoro Inc. ("Gogoro" or the "Company") (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it held its Annual General Meeting of Shareholders ("2024 AGM") on May 30, 2024. Each of the resolutions submitted to the shareholders for approval at the 2024 AGM has been approved. Specifically, the shareholders of the Company passed and approved by special resolutions that: 1. Mr. C ...
Terpel and Gogoro Launch Two-wheel Battery Swapping and Smartscooters in Colombia
Prnewswire· 2024-05-31 11:00
"Gogoro and Terpel share a common vision for accelerating the shift to two-wheel sustainable transportation in Colombia and across Latin America. Gogoro Swap & Go battery swapping addresses many of the challenges that traditional plug-in charging presents," said Horace Luke, founder and CEO of Gogoro. "With 590 million battery swaps to date and more than 400,000 battery swaps per day, Gogoro Battery Swapping has demonstrated that it is safe, reliable and the ideal choice for two-wheel urban transportation i ...
Gogoro(GGR) - 2024 Q1 - Earnings Call Transcript
2024-05-10 17:16
Gogoro Inc. (NASDAQ:GGR) Q1 2024 Earnings Conference Call May 9, 2024 8:00 AM ET Company Participants Annie Liao - Investor Relations Horace Luke - Chief Executive Officer Bruce Aitken - Chief Financial Officer Conference Call Participants Fawne Jiang - The Benchmark Company Angelina Chen - JPM Operator Welcome to the Gogoro Inc. 2024 Q1 Earnings Call. This conference call is now being recorded, and broadcasted live over the internet. Webcast replay will be available within an hour after the conference is f ...
Gogoro(GGR) - 2024 Q1 - Earnings Call Presentation
2024-05-09 19:38
gogolo Q1 2024 Investor Presentation MAY 9, 2024 Horace Luke Founder, CEO and Chairman Bruce Aitken Chief Financial Officer Gogoro ® Q1 2024 – Investor Presentation 2 DISCLAIMER Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as aminded, and Section 21E of the Securities Exchange Forward-looking statements generally relate to future events or Gogoro's future financial or operating performance. In some cases, yo ...