Gogoro Inc

Gogoro, Inc. engages in the provision of electric scooter and related hardware and battery swapping and energy services. It offers Gogoro S1, Gogoro SuperSport, 2 Series, Gogoro VIVA, and Gogoro VIVA MIX.The company was founded by Horace Luke and Matt Taylor and is headquartered in Taipei, Taiwan.

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Gogoro meets Q4 guidance, eyes revenue growth in Taiwan market

Gogoro's Q4 performance in Taiwan and financial results for 2022 were in line with expectations, with a positive outlook for revenue growth in 2023 driven by the Taiwan market.
The company's strengths in sustainability, innovation, and market presence position it well for future growth, despite challenges in financial stability and international expansion.

Gogoro Inc reports Q1 revenue growth and strategic expansion plans

Gogoro Inc's Q1 performance showcased revenue growth and international expansion plans, with a focus on sustainability and innovation. While facing challenges in maintaining margins and market share, the company is strategically positioned to capitalize on growth opportunities in new markets and technology partnerships.

Gogoro reports solid Q2 results, eyes global expansion opportunities

Gogoro's Q2 performance showed revenue growth and improved profitability, despite challenges in Taiwan sales.
The company's strengths lie in sustainability focus, global expansion plans, and innovative battery usage strategies.
Challenges include macroeconomic conditions, competition, and the need for effective network expansion strategies.
Opportunities in partnerships, battery utilization, and market growth present avenues for revenue diversification and market expansion.

Gogoro reports Q3 revenue decline but eyes international growth opportunities

Gogoro Inc's Q3 performance reflects a mixed picture with revenue decline but improved margins and EBITDA. The company's unique focus on smart swappable power and international expansion bode well for future growth. Overcoming market challenges and leveraging key collaborations are critical for sustained success.

Gogoro Inc. reports robust earnings, eyes global expansion and tech innovation

Gogoro Inc. posts strong financial performance in Q4 2023, eyes international expansion and innovation in battery technology. Challenges include market dynamics and regulatory uncertainties, while opportunities lie in strategic partnerships and technological advancements.

Gogoro reports Q1 revenue decline, eyes growth through innovation

Gogoro's Q1 performance reflects revenue decline, but strategic initiatives like new vehicle launches and partnerships position the company for growth.
While facing challenges in margin decline and operational efficiency, Gogoro aims to drive profitability through cost controls and addressing backlog orders.
Opportunities in revenue diversification through partnerships and exploring new applications for their battery technology offer avenues for future growth and market expansion.
Overall, Gogoro's focus on innovation, market expansion, and cost management underscores a strategic approach to navigating challenges and seizing growth opportunities.

Gogoro reports Q2 revenue growth amidst margin challenges and expansion

Gogoro Inc. navigated challenges in Q2 with a focus on long-term growth and expansion, adjusting full-year revenue guidance to $320-345 million.
Despite a decline in gross margin to 5.2%, the company showcased strengths in innovative solutions, partnerships, and market share growth in Taiwan.
International expansion efforts and strategic market penetration in India present opportunities for revenue diversification and sustained growth.

Gogoro Inc navigates challenges, focuses on growth and profitability

Despite facing challenges in Q3 2024, Gogoro remains focused on strategic growth initiatives to drive profitability and enhance customer experience. The company's financial results reflect a mixed performance with areas for improvement, but also show resilience in adjusted EBITDA.

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Shareholders had 2.5 billion reasons to be happy.

Why Gogoro Stock Won Investors' Hearts This Week

Gogoro, the Taiwanese paladin for two-wheeler battery swapping, is working with the Indian state of Maharashtra to establish state-wide battery charging and swapping infrastructure.

Gogoro, Belrise JV to spend $2.5B on battery swapping network in Indian state

India's Maharashtra state on Tuesday signed a deal with Taiwan's Gogoro and automotive system maker Belrise Industries under which the two firms will invest $2.5 billion over eight years in building battery-swapping infrastructure across the state.

Davos 2023: Gogoro, Belrise to invest $2.5 bln in battery swapping network in Indian state

The infrastructure deployment will be the world's largest sustainability-focused portable energy system to date. It will focus on offering open access for a variety of uses including battery swapping, smart electric vehicles, mobility sharing, demand response services and distributed energy storage, smart agriculture, and other applications.

India's State of Maharashtra Announces Strategic Energy Partnership with Gogoro and Belrise Industries to Build $2.5 billion Battery Swapping Infrastructure

Positive news out of Taiwan powered this battery-swapping company's stock higher.

Why Shares of Gogoro Are Soaring This Week

According to the Taiwan government's newly released 2022 scooter sales statistics, electric scooter penetration rose to 12-percent in 2022 and Gogoro Network battery swapping powered five out of the top six electric scooter makers, including  A-Motor, the number two electric scooter maker. TAIPEI, Taiwan , Jan. 5, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it led electric scooter sales in Taiwan in 2022 for the seventh straight year and its partner A-Motor was the number two electric scooter maker.

Gogoro Led Taiwan in Electric Scooter Sales in 2022 For the Seventh Straight Year and Gogoro Network Battery Swapping Powered 90-percent of Taiwan's Electric Scooters

With a commitment to net zero carbon emissions by 2050, Taiwan has mandated that all new passenger vehicles be electric by 2040 and is working to incentivize the public's adoption of electric two-wheel vehicles. TAIPEI, Taiwan , Dec. 13, 2022 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced its support for the Taiwan government's decision to extend its electric two-wheel vehicle subsidy program for four additional years.

Taiwan Announces Four Year Extension to Electric Two-wheel Vehicle Subsidy

Gogoro, the Taiwanese company that's commercializing battery swapping ecosystems for electric scooters, is targeting the Philippines as its next market. The startup said Tuesday it has partnered with Filipino conglomerate Ayala Corporation, telecomms provider Globe and corporate venture builder 917Ventures to launch a B2B battery swapping pilot in Manila in the first quarter of 2023.

Gogoro to pilot battery swapping and Smartscooters in Philippines next year

Companies initially focused on introducing an eco-friendly alternative to traditional fossil fuel-powered vehicles for the last mile delivery industry.  MANILA, Philippines , Nov. 29, 2022 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced a strategic partnership in the Philippines with Globe's 917Ventures and Ayala Corporation.

Gogoro, Globe's 917Ventures and Ayala Corporation Partner to Bring Battery Swapping and Smartscooters to the Philippines

Gogoro Inc. (NASDAQ:GGR ) Q3 2022 Results Conference Call November 10, 2022 7:00 AM ET Company Participants Bruce Aitken - CFO Michael Bowen - ICR Horace Luke - CEO Conference Call Participants Bill Lin - JP Morgan Operator Welcome to the Gogoro Inc. Q3 Earnings Call. This session will be recorded.

Gogoro Inc. (GGR) Q3 2022 Earnings Call Transcript

Taiwanese electric scooter maker Gogoro Inc is delaying its expansion plans in China due to geopolitical and economic uncertainty there and putting more focus on India and Indonesia, its chief financial officer told Reuters on Friday.

Taiwan electric scooter firm Gogoro delaying China expansion

TAIPEI, Taiwan , Nov. 10, 2022 /PRNewswire/ --  Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its third quarter ended September 30, 2022. Third Quarter Summary Revenue of $102.2 million, up 1.5% year-over-year and up 10.7% on a constant currency basis despite the complex macroeconomic environment Gogoro Network revenue of $30.4 million, up 17.7% year-over-year and up 28.5% on a constant currency basis.

Gogoro Releases Third Quarter 2022 Financial Results

The Companies Plan to Launch a Battery Swapping B2B Pilot in Delhi in December 2022 that Will Enable Last Mile Delivery Fleets to Electrify through Gogoro Network Battery Swapping, a Swapping Platform that is Proven, Reliable and Safe with More than 350 million Battery Swaps to Date. NEW DELHI , Nov. 3, 2022 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced a strategic B2B initiative and partnership with Zypp Electric, India's leading EV-as-a-Service platform.

Gogoro and Zypp Electric Announce Strategic Partnership in India to Accelerate the Electric Transformation of Two-Wheel Last Mile Deliveries

TAIPEI, Taiwan , Oct. 20, 2022 /PRNewswire/ -- Gogoro® Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it will release its financial results for the quarter ended September 30th, 2022, before markets open on November 10th, 2022. Gogoro's management team will hold an earnings Webcast at 7:00 a.m.

Gogoro to Announce Third Quarter 2022 Financial Results on November 10th at 7 a.m. Eastern Time

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In H1 2022, the company's operating revenues increased by 27.9% while the adjusted EBITDA rose by over 60% despite a weak scooter market in Taiwan. Gogoro also recently secured a $345 million five-year credit facility.

Gogoro: Good H1 Results And A Strong Balance Sheet

Taiwanese battery-swapping company Gogoro has signed a $345 million five-year credit facility agreement in order to increase liquidity among uncertain economic conditions. The loan comes from a group of 10 syndicated banks led by Mega International Commercial Bank Co., according to a regulatory filing.

Battery-swapping SPAC Gogoro secures $345M loan

TAIPEI, Taiwan , Sept. 28, 2022 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enables sustainable mobility solutions for cities, today announced it has signed a NT$10.7 billion (approximately $345 million) 1  five-year credit facility agreement, with a two-year extension option, with a group of ten syndicated banks.

Gogoro Strengthens Capital Structure with New Credit Facility

The market is losing enthusiasm for this battery-swapping platform operator.

Why Investors Pumped the Brakes on Gogoro's Stock This Week

The companies are launching Gogoro Network in the Tel Aviv Metro area, and anticipate deploying to 35 battery swapping locations by the end of 2022, and more than 150 stations within 4 years. TEL AVIV, Israel , Sept.

Gogoro, Metro Motor and Paz Group Launch Two-Wheel Battery Swapping in Israel

Gogoro is enabling new business models with its battery-as-a-service platform that allow vehicle fleets to adopt sustainable transportation that is safe, reliable, scalable, and always available. Gogoro and Jardine Cycle & Carriage to launch a pilot in Singapore with a view to expand across other markets in the region.

Singapore's Land Transport Authority Awards Gogoro With Sandbox Pilot; Gogoro and Jardine Cycle & Carriage Announce Partnership for Electric Two-Wheeled Vehicles and Battery Swapping in Singapore

A unique partnership of global leaders, Gogoro, TSMC and Taichung City share a joint vision to accelerate the smart city transformation and enable a future of clean energy and transportation. TAICHUNG, Taiwan , Aug. 30, 2022 /PRNewswire/ -- Gogoro® Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced it is partnering with Taiwan Semiconductor (TSMC) and Taichung City Taiwan to launch GoShare, Gogoro's electric mobility sharing service for the residents of Taichung City, Taiwan's second most populated.

Gogoro, TSMC and Taichung City Taiwan Partner to Bring Sustainable Electric Two-wheel Sharing to City's Residents

Since launching the Gogoro battery swapping network and Smartscooter in 2015, Gogoro has enabled more than 325 million battery swaps, 340,000 battery swaps per day, and now supports ten vehicle makers accounting for more than 92% of Taiwan's electric two-wheel refueling. TAIPEI, Taiwan , Aug. 24, 2022 /PRNewswire/ -- Gogoro® Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced it had surpassed 500,000 monthly battery swapping subscribers in Taiwan.

Gogoro Surpasses 500,000 Battery Swap Subscribers in Taiwan

Gogoro Inc. (NASDAQ:GGR ) Q2 2022 Earnings Conference Call August 11, 2022 8:00 AM ET Company Participants Bruce Aitken - CFO Michael Bowen - ICR Horace Luke - Founder, CEO and Chairman Conference Call Participants Operator Welcome to the Gogoro Inc. Q2 Earnings Call. This session will be recorded.

Gogoro Inc. (GGR) CEO Horace Luke on Q2 2022 Results - Earnings Call Transcript

TAIPEI, Taiwan , Aug. 11, 2022 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its second quarter ended June 30, 2022. Second Quarter Highlights Revenue of $90.7 million, up 5.3% year-over-year despite the impact of COVID and continued adverse market conditions in Taiwan and other growth markets.

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