Gogoro Reached 1,000,000 Swappable Battery Pack Production!
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Since its launch in 2015, Gogoro has expanded from a local electric scooter producer in Taiwan to a worldwide leader in swappable battery technology! In February of 2022, Gogoro just announced that it has reached 1 millionth swappable battery pack production. This Taiwan-based company is not only producing the smart scooters, but also a battery-swapping refueling platform for lightweight two-wheeled scooters to enable a clean urban environment. In less than five years, Gogoro has accumulated over $1 billion in revenue and 400,000+ battery swap subscribers.
According to the Gogoro’s press release in 2021, Gogoro Inc. has entered into a definitive merger agreement with Poema Global Holdings Corp. that sets Gogoro’s enterprise value at $2.35 billion; upon closing, the combined company will list on the Nasdeq under the ticker symbol “GGR”.
RouteZero Heroes is all about showcasing milestone moments helping to drive forward the shift to zero emission vehicles. Each episode focuses on a different part of the puzzle through interviewing leading organizations about the need for change in the transport system, their experience on how they’ve set about on that journey and the opportunities and barriers to progress – and how we overcome them. In this episode, we hear from Horace Luke, Chairman and CEO of Gogoro, about solving the charging challenge for the two-wheeled world, in the video published on Nov 3, 2021, “RouteZero Heroes – Gogoro: solving the charging challenge for the two-wheeled world“, below:
To better understand Gogoro’s smart scooters and battery-swapping refueling platform, check out the video published on Nov 11, 2021, “Swap & Go: Bringing Battery Swapping to the World’s Urban Riders“, below:
In the video published on Nov 11, 2011, “SPAC Talk: A Conversation with Gogoro and Poema Global Executives and Spac Guru“, below:
Valuing Taiwan’s smart scooter manufacturer at $2.35 billion, a special purpose acquisition company backed by a group of former Deutsche Bank and Morgan Stanley executives has agreed to buy Taiwanese smart scooter and electric battery maker Gogoro in a deal that values it at US$2.35 billion. Poema Global Holdings Corp The firm is the latest among electric vehicle makers to take the SPAC route to a US listing as so-called blank-cheque companies target growth and emerging technology companies for deals. Other notable SPAC mergers in the EV space include Faraday Future Nikola Corp and Fisker. Poema Global is backed by Princeville Capital Sun said. The Poema-Gogoro merger is expected to add US$550 million of cash to Gogoro’s balance sheet. The proceeds will be used to fund its expansion into China Singapore-based real estate listing portal PropertyGuru Tim Hortons China have all agreed to go public in the US via SPAC mergers this year. Singapore recently announced new rules to enable SPACs to go public in the city-state from this month. Hong Kong is exploring the idea and could unveil a consultation paper on proposed changes to its listing rules as soon as this month. The investment vehicles have remained popular among Asian sponsors and target companies despite a slowdown in the pace of fundraising it added. Gogoro announced a strategic partnership in June with iPhone supplier Foxconn Technology Group to accelerate the expansion of its smart scooter manufacturing and battery swapping network. SPACs have been one of the hottest fundraising trends since the beginning of 2020 a global growth-stage investment firm founded in 2016 by former Deutsche Bank executives Emmanuel DeSousa and Joaquin Rodriguez Torres. It raised US$345 million in an initial public offering in January and counts Homer Sun a US-listed blank-cheque company will absorb Gogoro in a merger Poema Global raised additional private investment in public equity financing. The PIPE investors include existing investors and its early investors include Singapore’s Temasek Holdings former US Vice-President Al Gore’s Generation Investment Management and Sumitomo Corp of Japan. It operates a network of 2 according to a statement. Taipei-based Gogoro was founded in 2011 a research firm focused on the investment vehicles. SPACs are shells created to raise financial war chests and buy assets within a limited period of time are posing disruptive challenges to traditional IPO market. The Poema-Gogoro deal is expected to close in the first quarter of next year and is subject to approval by both sets of shareholders. The law firm Kirkland Ellis is advising Poema Global, in the video published on Jan 19, 2022, “Gogoro is listed on Nasdeq via SPAC route, valuing Taiwan’s smart scooter manufacturer at $2.35 billion“, below:
In the video published on Jan 25, 2022, “SPAC Talk: A Conversation with Gogoro and Evercore“, below:
In this video I provide full details of the NYSE SPAC that Cathie Wood has just invested $70 MILLION into. This SPAC has been listed on NYSE for over 12 months. I provide you will full details of the PROPOSED MERGER, an explanation of SPAC’s and details of the company that is in discussions to merge. Please note that this is not investment advice and you need to complete your own evaluation of any company that you are considering investing into, in the video published on Jan 16, 2022, “SHARE WATCH – Cathie Wood Just Invested $70 MILLION into this NYSE SPAC – What is Planned & Why Now?” below:
One of the biggest issues with replacing gas powered vehicles with electric ones has to do with recharging. Today, it is simple and easy to fill up your gas powered car. Gas stations are convenient and ubiquitous. You pay, fill up the tank and boom you’re done. For electric vehicles, things are different. Recharging can take a significant amount of time even at the more advanced charging stations. Having it take 30 minutes is not uncommon. Recharging should at least partly replicate the gas station experience. But the task of building out an entire network on par with modern gas stations is pretty daunting. But that is something that Taiwan-based Gogoro is trying to do with their battery swap stations. In this video we are going to look at how Gogoro built out its comprehensive, super convenient 2,000-station strong battery swap network across Taiwan, in the video published on Jul 25, 2021, “How Gogoro in Taiwan Built an EV Battery Swap Network“, below:
Gathered, written, and posted by Windermere Sun-Susan Sun Nunamaker More about the community at www.WindermereSun.com
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