Castrol invests in Gogoro, a two-wheeler battery swapping leader

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 ...