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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 ...
Gogoro(GGR) - 2024 Q1 - Quarterly Report
2024-05-09 10:06
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 Corporation, Sumitomo Mitsui Finance and Leasing Co., Ltd. (SMFL) and Gogoro Inc. to Explore First of its Kind Partnership to Accelerate Gogoro's Global Business Expansion
Prnewswire· 2024-04-30 02:00
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 ...
Gogoro and Nebula Energy Launch Battery Swapping Ecosystem and Gogoro CrossOver Smartscooter in Nepal
Prnewswire· 2024-04-26 06:00
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]