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Gogoro Announces Director Undertaking to Procure Equity Investments
Prnewswireยท 2025-09-16 10:00
Core Insights - Gogoro Inc. announced that Mr. Yin Chung Yao, a director and affiliate of the largest shareholder, will procure equity investments totaling NTD$2,500 million by December 31, 2026 [1] - The company is in discussions with lenders regarding a potential amendment to a syndicated credit facility agreement, which includes a 5-year term loan of NT$10,700 million [2] - There is no assurance that any amendments to the loan facility or equity investments will materialize, as these are subject to further negotiations and approvals [3] Company Overview - Gogoro, founded in 2011, focuses on sustainable urban mobility solutions through battery swapping ecosystems [4] - The company has received multiple recognitions, including being named a "Change the World 2024" company by Fortune and "Asia-Pacific's Most Innovative Company of 2024" by Fast Company [4] - Gogoro aims to disrupt traditional urban energy distribution and consumption, leveraging innovation in vehicle design, electric propulsion, and smart battery technology [4]