Exhibit 99.1 Gogoro Releases First Quarter 2024 Financial Results TAIPEI, TAIWAN, MAY 9, 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 first quarter ended March 31, 2024. First Quarter 2024 Summary ▪ Revenue of $69.7 million, down 12.1% year-over-year and down 9.0% on a constant currency basis. ▪ Battery swapping service revenue o ...

Sumitomo Corp, a leading integrated trading company and SMFL, one of the world's premier financial institutions are looking to support Gogoro's global business expansion while creating new business opportunities for Sumitomo Corporation and SMFL.TAIPEI, April 29, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced the signing of a non-binding memorandum of understanding (the "MOU"), t ...

Core Insights - Gogoro has launched its battery swapping ecosystem and the CrossOver GX250 Smartscooter in Nepal, marking its expansion into the Nepalese market as part of its commercialization efforts in India [1][3] - The partnership with Nebula Energy aims to support Nepal's zero-emission targets and promote the adoption of electric two-wheelers [2][3] - Gogoro's battery swapping technology is designed to address key challenges faced by riders in Nepal, such as range anxiety and the total cost of ownership [4][7] Company Overview - Gogoro is recognized as a leader in battery swapping ecosystems, with a significant market presence in Taiwan, holding over 90% market share in electric two-wheelers [7] - The company has established a robust network in Taiwan, with over 600,000 riders and more than 1.4 million smart batteries in circulation across 12,500 battery swapping stations [6][7] - Gogoro's innovative battery swapping technology has saved over 870,750 tons of CO2 since its launch in 2015, demonstrating its commitment to sustainable urban mobility [7] Product Details - The Gogoro CrossOver GX250 Smartscooter is manufactured in Maharashtra, India, and features a redesigned all-terrain frame for enhanced durability and comfort [5] - The GX250 is tailored for the Nepalese market, offering increased seating, storage space, and better ground clearance [3][5] - Gogoro plans to install battery swapping stations every two to three kilometers in the Kathmandu valley, with a goal to surpass the number of petrol stations in Nepal [4][7] Strategic Partnerships - Nebula Energy, as Gogoro's exclusive partner in Nepal, is committed to leading the transition towards sustainable energy and electric mobility in the region [1][8] - The collaboration aims to leverage Gogoro's technology to accelerate the electric transformation of Nepal's two-wheel transportation industry [3][4] - Nebula Energy's mission aligns with Gogoro's vision of fostering innovation and sustainable development in Nepal [8][9]

Core Insights - Gogoro has begun deliveries of its new JEGO Smartscooter in Taiwan, achieving over 6,500 fully-paid preorders, indicating the strongest demand for a Gogoro vehicle since the pandemic began [1] - The majority of pre-order customers are first-time electric vehicle (EV) buyers, highlighting a new market segment for Gogoro [1] - Gogoro expects to realize the revenue from JEGO preorders in Q2 2024, as the vehicles are delivered and registered [1] Product Details - The JEGO Smartscooter features a new body design and incorporates many of Gogoro's core vehicle innovations, priced aggressively at USD$760 after government subsidies [2] - A new promotional battery swapping subscription plan is introduced, starting at USD$7 per month for 1,000 km of range when prepaid for 36 months, marking the lowest priced subscription plan ever offered by Gogoro [2] Company Background - Founded in 2011, Gogoro aims to innovate urban energy distribution and consumption, recognized as Asia-Pacific's Most Innovative Company of 2024 and Global Company of the Year for battery swapping for electric two-wheel vehicles [3] - Gogoro's battery swapping and vehicle platforms provide a sustainable ecosystem for urban mobility, leveraging advanced technologies such as artificial intelligence for battery management [3]

TAIPEI, Taiwan, April 18, 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 first quarter 2024 before markets open on May 9, 2024. Gogoro's management team will hold an earnings Webcast at 8:00 a.m. Eastern Time on Thursday, May 9, 2024 to discuss the Company's financial and business results and outlook. What: Date of Gogoro Q1 202 ...

Taiwan's leading technology companies introduce clean energy solutions for two-wheel riders including the introduction of 15 new GoStations that use 100-percent clean energy; the introduction of Gogoro's GoShare scooter sharing service, and the expansion of the Gogoro Network in TSMC's headquarters city, Hsinchu City.HSINCHU CITY, Taiwan, April 17, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities a ...

[Introduction](index=6&type=section&id=INTRODUCTION) This section introduces Gogoro Inc., a Cayman Islands holding company, and details its April 2022 merger and Nasdaq listing [Company Overview and Merger](index=6&type=section&id=INTRODUCTION_Summary) Gogoro Inc., a Cayman Islands holding company, completed a merger with Poema Global in April 2022, leading to its Nasdaq listing and U.S. dollar financial reporting - Gogoro Inc. is a Cayman Islands exempted holding company, with consolidated financial statements presented in U.S. dollars[11](index=11&type=chunk) - Gogoro completed a merger with Poema Global Holdings Corp. on **April 4, 2022**, and its ordinary shares began trading on the Nasdaq Stock Exchange on **April 5, 2022**[12](index=12&type=chunk) [Cautionary Statement Regarding Forward-Looking Information](index=7&type=section&id=CAUTIONARY%20STATEMENT%20REGARDING%20FORWARD-LOOKING%20INFORMATION) This section highlights that the annual report contains forward-looking statements subject to known and unknown risks and uncertainties [Forward-Looking Statements and Risk Factors](index=7&type=section&id=CAUTIONARY%20STATEMENT%20REGARDING%20FORWARD-LOOKING%20INFORMATION_Summary) This section highlights that the annual report contains forward-looking statements subject to known and unknown risks and uncertainties, which may cause actual results to differ materially - The report contains forward-looking statements subject to known and unknown risks, uncertainties, and other factors, which may cause actual results to differ materially[13](index=13&type=chunk)[14](index=14&type=chunk) - Important factors that could cause differences include future financial and operating results, business growth, production capabilities, market expansion (India, Indonesia, PRC), dependence on vendors, and ability to develop new products[15](index=15&type=chunk) - Investors are cautioned against placing undue reliance on forward-looking statements and advised to consult the 'Item 3. Key Information—D. Risk Factors' section for detailed risk discussions[16](index=16&type=chunk)[17](index=17&type=chunk)[18](index=18&type=chunk) [Part I](index=9&type=section&id=PART%20I) This part covers key information, company details, operating and financial review, and market risk disclosures [Item 3. Key Information](index=9&type=section&id=ITEM%203.%20KEY%20INFORMATION) This section provides essential information about the company, including a comprehensive overview of its risk factors [D. Risk Factors](index=9&type=section&id=D.%20Risk%20Factors) This section provides a comprehensive overview of the material risks facing Gogoro, categorized into business, ePTW market, technology/IP/privacy, regulatory environment, doing business in Taiwan and India, and ownership of ordinary shares - Gogoro has historically incurred operating losses and expects continued losses in the near and medium term, with a **net loss of $76 million in 2023** and an **accumulated deficit of $426 million** as of December 31, 2023[24](index=24&type=chunk) - Future success is highly dependent on expanding into new geographic markets (e.g., India, Indonesia, PRC) and successful strategic collaborations, which carry risks of underperformance or failure[28](index=28&type=chunk)[29](index=29&type=chunk) - The company relies on a limited number of vendors and suppliers for critical components like battery cells and semiconductors, making it vulnerable to supply chain disruptions and cost increases[50](index=50&type=chunk)[51](index=51&type=chunk)[52](index=52&type=chunk)[62](index=62&type=chunk)[63](index=63&type=chunk) - The ePTW market is characterized by rapid technological change and strong competition, requiring continuous product innovation and adaptation to maintain market share[35](index=35&type=chunk)[103](index=103&type=chunk)[105](index=105&type=chunk)[119](index=119&type=chunk)[120](index=120&type=chunk)[121](index=121&type=chunk) - Operations in Taiwan and India are subject to significant economic, political, and regulatory risks, including geopolitical tensions with mainland China, changes in government subsidies (e.g., FAME subsidy), and evolving environmental and data protection laws[175](index=175&type=chunk)[176](index=176&type=chunk)[177](index=177&type=chunk)[191](index=191&type=chunk)[192](index=192&type=chunk)[195](index=195&type=chunk)[196](index=196&type=chunk)[197](index=197&type=chunk) - The price of Gogoro Ordinary Shares may be volatile due to various factors, and sales of substantial numbers of shares by existing shareholders could cause the market price to fall[203](index=203&type=chunk)[204](index=204&type=chunk)[205](index=205&type=chunk)[208](index=208&type=chunk) [Item 4. Information on the Company](index=40&type=section&id=ITEM%204.%20INFORMATION%20ON%20THE%20COMPANY) This section provides an overview of Gogoro's history, business model, organizational structure, and property, plant, and equipment [A. History and Development of the Company](index=40&type=section&id=A.%20History%20and%20Development%20of%20the%20Company) Gogoro Inc. was incorporated in the Cayman Islands on April 27, 2011, with a mission to accelerate the shift to sustainable urban life through electric fuel adoption - Gogoro Inc. was incorporated as a Cayman Islands exempted company on **April 27, 2011**, with a mission to accelerate the shift to sustainable urban life by eliminating barriers to electric fuel adoption[250](index=250&type=chunk) - The company's principal place of business is located in Taipei City, Taiwan[251](index=251&type=chunk) [B. Business Overview](index=40&type=section&id=B.%20Business%20Overview) Gogoro is an innovative company focused on transforming urban transportation through its Smart & Go battery swapping platform and Smartscooter vehicles, generating revenue from hardware sales and recurring battery subscription services - Gogoro's mission is to accelerate the mass market shift to sustainable urban life by providing smart, convenient, and accessible portable power through its Swap & Go battery swapping platform and Smartscooter vehicles[253](index=253&type=chunk)[254](index=254&type=chunk) - As of December 31, 2023, Gogoro had over **587 thousand monthly subscribers** and more than **2 million GoShare riders**, with over **2,540 battery swapping locations** in Taiwan, delivering over **520 million battery swaps** to date[256](index=256&type=chunk) - The company's business model generates two inter-linked revenue streams: (i) Hardware sales (Gogoro-branded Smartscooters, enabling hardware, battery packs, GoStations) and (ii) recurring battery subscription revenues from Swap & Go services[258](index=258&type=chunk)[259](index=259&type=chunk) - Gogoro's battery swapping network addresses key barriers to ePTW adoption: eliminating range anxiety, saving time, removing the need for dedicated charging locations, prioritizing safety, and making electric riding affordable[257](index=257&type=chunk)[258](index=258&type=chunk) - In Taiwan, Gogoro and its PBGN OEM partners captured **81.9% of the ePTW market share** as of December 31, 2023, with ePTWs growing to **11.9% of total PTWs** since 2015[261](index=261&type=chunk)[267](index=267&type=chunk) - The company is expanding internationally, having introduced its first locally made vehicle in India, opened an Experience Center in the Philippines, and deepened cooperation in South Korea and Singapore[287](index=287&type=chunk) - Gogoro is recognized for its innovation, including being named one of the **Top 15 Climate Companies globally by MIT Technology Review in 2023** and Frost & Sullivan's **2023 Global Company of the Year for battery swapping**[270](index=270&type=chunk) [C. Organizational Structure](index=46&type=section&id=C.%20Organizational%20Structure) Gogoro Inc. operates as a holding company with several significant subsidiaries and branches, including Gogoro Taiwan Limited (manufacturing), Gogoro Network, Taiwan Branch (battery swap services in Taiwan), and Gogoro Network Pte. Ltd. (SaaS licensor and battery swap services outside Taiwan) - Gogoro Inc. is a holding company with key operating entities including Gogoro Taiwan Limited (manufacturing), Gogoro Network, Taiwan Branch (Taiwan battery swap services), Gogoro Network Pte. Ltd. (international SaaS and battery swap services), Gogoro India Private Limited (India sales), Gogoro Taiwan Sales and Services Limited (Taiwan sales), and GoShare Taiwan Limited (Taiwan scooter sharing)[291](index=291&type=chunk)[293](index=293&type=chunk) [D. Property, Plant and Equipment](index=46&type=section&id=D.%20Property,%20Plant%20and%20Equipment) Gogoro's primary facilities are in Taoyuan, Taiwan, housing offices, labs, vehicle manufacturing, and battery pack/motor production, with plans for continued investment in its battery swapping solutions and manufacturing capacity - Gogoro's main facilities are in Taoyuan, Taiwan, covering offices, labs, vehicle manufacturing, and battery/motor production. Additional manufacturing and office spaces were added in India in 2023[294](index=294&type=chunk) Property, Plant and Equipment (as of December 31, 2023) | Asset Category | Value (in thousands of U.S. Dollars) | | :--------------- | :----------------------------------- | | Batteries | $380,273 | | Machinery equipment | $63,083 | | Construction in progress | $46,225 | | Total | $501,876 | - The company plans to invest over **$20 million** in capital expenditure for battery manufacturing facilities in 2024 and expects capital expenditure to remain at historical levels for the next few years to support battery swapping solutions and network expansion[298](index=298&

Gogoro Tops Annual List of Asia-Pacific Companies and Ranks #37 in Fast Company's "World's Most Innovative Companies of 2024" list; Company Joins Innovators such as NVIDIA, YouTube, Taco Bell and othersTAIPEI, Taiwan, March 19, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today was recognized in Fast Company's prestigious annual ranking, the "World's Most Innovative Companies of 2024" as #37 o ...

Gogoro's broadly deployed battery swapping ecosystem together with JEGO's new design, vehicle innovation and aggressive introductory price creates a new market segment in Taiwan. TAIPEI, Taiwan, March 13, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced that its new JEGO Smartscooter has achieved strong sales in its first week on the market. JEGO sales reached nearly eight-times G ...

TAIPEI, Taiwan, March 6, 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 hold its 2024 Annual General Meeting of Shareholders (the "AGM") at Building C, No. 225, Sec. 2, Chang'an E. Rd., Songshan Dist., Taipei City, Taiwan 105, on the 30th day of May 2024 at 9:30 AM Taipei time. Holders of the Company's ordinary shares listed in the register of members of the Company ...