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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
GogoroGogoro(US:GGR) Prnewswireยท2024-07-17 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]