- Business
- Gogoro Inc. develops, manufactures and sells electric smartscooters and powered two-wheelers, along with battery swapping infrastructure and related energy management services; the company offers Gogoro Smartscooters featuring water-cooled motors, cloud connectivity and proprietary dynamic drive systems, Gogoro Network for battery swapping with GoStations and smart batteries, AI-powered cloud software including battery management systems and fleet analytics, GoShare ridesharing services, GoReward loyalty programs and OEM developer kits for partners; it provides vehicle powertrains, smart components and subscription-based access to swappable batteries monitored in real time. Gogoro operates primarily in urban mobility markets serving consumers, last-mile delivery fleets and ridesharing operators, with its largest network in Taiwan encompassing over 2,500 GoStations, more than 400,000 riders and 270,000 daily swaps; the company maintains pilot programs and partnerships in India through Zypp Electric, expansion efforts in Southeast Asia and presence in China, Japan and Europe. Founded in 2011 and headquartered in Taipei, Taiwan, Gogoro went public in 2022 via merger with Poema Global and trades under tickers GGR and GGROW. In June 2024, Gogoro secured a $50 million investment from Gold Sino Assets Limited, its largest shareholder affiliated with Ruentex Group, through issuance of shares and warrants to support Taiwan growth and international expansion; in April 2024, it formed a strategic partnership with Sumitomo Corporation and Sumitomo Mitsui Finance and Leasing to accelerate entry into India and Southeast Asia, including asset lifecycle management for batteries; recently in September 2025, director Yin Chung Yao committed to procuring NT$2.5 billion in equity investments by December 2026 to aid amendment of a NT$10.7 billion syndicated credit facility, alongside a 1-for-20 share consolidation approved earlier that year.