BP's Castrol to Invest $50M in Battery-Swapping Leader Gogoro

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 ...