Core Insights - Gogoro Inc. has appointed Henry Chiang as the official CEO, effective immediately, after serving as interim CEO since September 2024 [1][2] - The board believes Henry's leadership will drive Gogoro's turnaround and align with the company's growth strategy [2] - Under Henry's interim leadership, Gogoro improved operating cash flow from $4.8 million in H1 2024 to $15.2 million in H1 2025, while reducing operating expenses by approximately $11 million year-over-year [2] Company Performance - Gogoro expects to achieve profitability on a non-IFRS basis in its energy business by 2026 and in its vehicle business by 2028 [2] - The company plans to generate free cash flow from energy operations in 2027 [2] - In 2025, Gogoro launched three new electric scooter models: Pulse STARLUX, EZZY, and EZZY 500, enhancing its market position [2] Leadership and Strategy - Henry Chiang has a strong background in the industry, previously leading GoShare and launching customer engagement initiatives at Gogoro [2] - His leadership has focused on operational efficiency, innovation in urban mobility, and expanding Gogoro's global footprint through partnerships in Vietnam and Latin America [2][3] - Gogoro aims to leverage its brand popularity to re-establish financial success while continuing to deliver innovative products [2]

Q1 2025 Financial Performance - IFRS Revenue was $63.6 million, a decrease of 8.7% year-over-year[64] - IFRS Gross Margin was 4.9%[64] - IFRS Net Loss was $18.6 million, a decrease of $5.5 million year-over-year[64] - Non-IFRS Revenue (on a constant currency basis) was $66.6 million, a decrease of 4.5% year-over-year[66] - Non-IFRS Gross Margin was 18.2%, an increase of 3.1% year-over-year[66] - Adjusted EBITDA was $14.3 million, an increase of 40% year-over-year[30, 66] - Non-IFRS Net Loss reduced by 36.5%[31] Key Metrics - Total riding distance reached 12.8 billion kilometers[55] - Network subscribers totaled 644,000[57] - Average total swaps per day exceeded 400,000[58] 2025 Guidance - The company projects revenue between $295 million and $315 million for 2025[71]

Market Overview - The global Electric Scooter market is projected to grow from US$ 26.73 billion in 2024 to US$ 55.01 billion by 2033, with a compound annual growth rate (CAGR) of 8.35% from 2025 to 2033 [1][12][13] - The market is driven by increasing demand for fuel-efficient vehicles and concerns over carbon emissions, supported by stringent government regulations [1][15] Growth Drivers - The rise in urbanization and the need for effective, eco-friendly transportation options are key factors fueling the electric scooter market's growth [2][15] - Government incentives, subsidies, and infrastructure development, such as designated scooter lanes and charging stations, are promoting the adoption of electric scooters [2][15] - Technological advancements in battery efficiency and materials have improved the performance and appeal of electric scooters, addressing consumer concerns like range anxiety [3][6][7] Consumer Trends - There is a noticeable shift towards sustainable transport solutions, particularly among younger consumers who prefer electric scooters for their convenience and minimal environmental impact [5][15] - Electric scooters are increasingly favored for last-mile connectivity and quick commuting in urban areas with heavy traffic and limited parking [5][15] Challenges - Maintenance and durability issues pose significant challenges, especially for shared mobility models, as electric scooters face wear and tear from continuous use [8][9] - Competition from alternative modes of transport, such as electric bikes and public transportation, threatens the market share of electric scooters [10][11] Key Players - Major companies in the electric scooter market include Yadea Technology Group Co. Ltd, Niu Technologies, Mahindra, Vmoto Limited, and Gogoro Inc. [14][21] Regional Insights - North America is expected to hold the largest market share in the electric scooter industry [16]