Gogoro Inc. is a Taiwanese company that developed a battery-swapping refueling platform for urban

electric Electricity is the set of physical phenomena associated with the presence and motion of matter possessing an electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as described by Maxwel ...

two-wheel scooters,

moped A moped ( ) is a type of small motorcycle, generally having a less stringent licensing requirement than full motorcycles or automobiles. Historically, the term exclusively meant a similar vehicle with both bicycle pedals and a motorcycle eng ...

s and

motorcycle A motorcycle (motorbike, bike; uni (if one-wheeled); trike (if three-wheeled); quad (if four-wheeled)) is a lightweight private 1-to-2 passenger personal motor vehicle Steering, steered by a Motorcycle handlebar, handlebar from a saddle-style ...

s. It also develops its own line of electric scooters and offers its own vehicle innovations to vehicle maker partners like

Yamaha Yamaha may refer to: People * Torakusu Yamaha, a Japanese businessman and founder of the Yamaha Corporation Companies * Yamaha Corporation, a Japanese musical instrument and audio equipment manufacturer ** Yamaha Music Foundation, an organi ...

, Aeon Motor, PGO, eReady, and eMOVING. Gogoro also operates GoShare, a rideshare service, in Taiwan and

Ishigaki Island , also known as ''Ishigakijima'', is a Japanese island south-west of Okinawa Hontō and the second-largest island of the Yaeyama Island group, behind Iriomote Island. It is located approximately south-west of Okinawa Hontō. It is within t ...

Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...

. Gogoro Smartscooter, the first consumer product from Gogoro, was revealed at the

Consumer Electronics Show CES (; formerly an initialism for Consumer Electronics Show) is an annual trade show organized by the Consumer Technology Association (CTA). Held in January at the Las Vegas Convention Center in Winchester, Nevada, United States, the event typi ...

(CES) in

Las Vegas Las Vegas, colloquially referred to as Vegas, is the most populous city in the U.S. state of Nevada and the county seat of Clark County. The Las Vegas Valley metropolitan area is the largest within the greater Mojave Desert, and second-l ...

in January 2015. Along with the scooter, Gogoro announced a battery-swapping network under the name Gogoro Energy Network.

History

Gogoro was founded in 2011 by entrepreneurs Horace Luke and Matt Taylor. In its year of inception, Gogoro secured $50 million in seed funding from Dr.

Samuel Yin Samuel Yen-Liang Yin (; ) is a Taiwanese billionaire businessman and philanthropist. He is best known for the establishment of the Tang Prize, and as chairman of the Ruentex Financial Group. He is also the president of the Guanghua School of Man ...

of Ruentex Group and

Cher Wang Cher Wang ( zh, t=王雪紅, p=Wáng Xuěhóng; born 15 September 1958) is a Taiwanese businesswoman and entrepreneur. As co-founder and chairperson (since 2007) of HTC Corporation and integrated chipset maker VIA Technologies, she is one of t ...

. In October 2014, Gogoro raised an additional $100 million in Series B funding from a collection of investors. In November 2015, Gogoro announced a $30 million round of investment from

Panasonic is a Japanese multinational electronics manufacturer, headquartered in Kadoma, Osaka, Kadoma, Japan. It was founded in 1918 as in Fukushima-ku, Osaka, Fukushima by Kōnosuke Matsushita. The company was incorporated in 1935 and renamed and c ...

an
Taiwan's National Development Fund
. In September 2017, Gogoro announced a $300 million Series C round of investment from Singapore's

Temasek Temasek ( or , also spelt Temasik or Tumasik) is an early recorded name of a settlement on the site of modern Singapore. The name appears in early Malay and Javanese literature, and it is also recorded in Yuan and Ming Chinese documents ...

Generation Investment Management Generation Investment Management (Generation IM) is a sustainable investment management firm founded in 2004; its co-founders included former US Vice President Al Gore and former Goldman Sachs' Asset Management head David Blood, along with five ...

(co-founded by

Al Gore Albert Arnold Gore Jr. (born March 31, 1948) is an American former politician, businessman, and environmentalist who served as the 45th vice president of the United States from 1993 to 2001 under President Bill Clinton. He previously served as ...

), Japan's

Sumitomo Corporation is one of the largest worldwide '' sōgō shōsha'' general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group. It is listed on three Japanese stock exchange ...

, and French utility

Engie Engie SA (stylised in all caps as ENGIE) is a French multinational electric utility company, headquartered in La Défense, Courbevoie. Its activities cover electricity generation and distribution, natural gas, nuclear power, renewable energy ...

, increasing the Smartscooter innovator's capital up to US$480 million. The company went public in 2022 with its merger with Nasdaq-listed

special-purpose acquisition company A special-purpose acquisition company (SPAC; ), also known as a blank check company or a blind-pool stock offering, is a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus taking ...

Poema Global. On April 21, 2021, Gogoro announced a strategic partnership with the world's top two-wheel vehicle maker,

Hero MotoCorp Hero MotoCorp Limited is an Indian multinational motorcycle and scooter manufacturer headquartered in Delhi. It has a market share of about 30% in the Indian two-wheeler industry. The Munjal family, with its 34.75% stake, is the biggest shar ...

, to roll out its Gogoro Network battery swapping in India. In December 2020, analyst firm

Frost & Sullivan Frost & Sullivan is an American business consulting firm. It offers market research and analysis, growth strategy consulting, and corporate training. It has about 45 offices in the Americas, Africa, Asia and Europe; the principal office is in Sa ...

recognized Gogoro as the 2020 Global Company of the Year Award for the Swappable Battery Electric Scooter Market. In June 2024, the

Castrol Castrol Limited is a British oil company that markets industrial and automotive lubricants, offering a wide range of oil, greases and similar products for most lubrication applications. The company was originally named CC Wakefield; the nam ...

lubricants division of multinational oil giant BP announced plans to invest up to $50M in Gogoro. In September 2024, Gogoro's CEO and chairman Horace Luke had stepped down amid subsidy fraud allegations. On October 1, 2024, Taiwan's Ministry of Economic Affairs released its review conclusion and stated that there was insufficient evidence to determine that the reported vehicle model violated localization regulations.

Gogoro Network

The Gogoro Network is a

modular Module, modular and modularity may refer to the concept of modularity. They may also refer to: Computer science and engineering * Modular design, the engineering discipline of designing complex devices using separately designed sub-components ...

battery swapping Battery swapping or battery switching is an electric vehicle technology that allows battery electric vehicles to quickly exchange a discharged electric vehicle battery, battery pack for a fully charged one, rather than recharging the vehicle via a ...

infrastructure designed to be deployed in cities for electric refueling of two-wheel vehicles like scooters, mopeds, and motorcycles. Riders would be able to swap out depleted batteries at a network of kiosks called GoStations for a monthly subscription fee. According to Gogoro, as of April 2021 in its pilot market of Taiwan, Gogoro Network had 370,000 riders and managed more than 175 million battery swaps, 265,000 per day, through its 2,000 GoStations. The Gogoro Smartscooter was the first vehicle to be integrated into the Gogoro Network in 2015. The network also includes the Powered by Gogoro Network (PBGN) program, through which other manufacturers of electric motor scooters can build scooters that utilize the Gogoro Network infrastructure. Gogoro has several vehicle maker partners participating in PBGN, including: * Aeon Motor * Awayspeed (

ADATA ADATA Technology Co., Ltd. ( zh, t=威剛科技股份有限公司, p=Wēigāng Kējì Gǔfènyǒuxiàngōngsī) is a Taiwanese fabless hardware manufacturer, founded in May 2001 by Simon Chen (). Its main product line consists of DRAM modules, US ...

) * Dachangjiang (Haojue) * eMOVING ( China Motor Co.) * eReady (

Suzuki is a Japanese multinational mobility manufacturer headquartered in Hamamatsu, Shizuoka Prefecture, Shizuoka. It manufactures automobiles, motorcycles, all-terrain vehicles (ATVs), outboard motor, outboard marine engines, wheelchairs and a va ...

Taiwan) * Gogoro *

Yadea Yadea Group Holdings Ltd. is a Chinese manufacturer of electric bicycles, motorcycles, and scooters headquartered in Wuxi, China. The company owns seven production sites in China, in Wuxi, Tianjin, Cixi and Qingyuan, with development in Shangha ...

* PGO In 2022, Gogoro announced it planned to launch in

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

Gogoro Network in Asia

Taiwan

In July 2015, Gogoro Smartscooter was launched in

Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia. The main geography of Taiwan, island of Taiwan, also known as ''Formosa'', lies between the East China Sea, East and South China Seas in the northwestern Pacific Ocea ...

, a country with the highest scooter density in the world. By the end of the same year, more than 4,000 Smartscooters were sold, and its market share in Taiwan's electric scooter market hit 33.94%. According to Gogoro, in 2016 the company had a GoStation less than every 1.3 kilometers in Taipei. In February 2021, the network consisted of 1,959 GoStations and more than 764,000 battery packs. 66 of the GoStations in 2021 were Super GoStations which were larger than regular GoStations with the ability to service up to 1,000 riders a day. Some stations have grid batteries, able to keep charging scooter batteries during grid failures.

China

In October 2021, Gogoro Network launched in

Hangzhou Hangzhou, , Standard Mandarin pronunciation: ; formerly romanized as Hangchow is a sub-provincial city in East China and the capital of Zhejiang province. With a population of 13 million, the municipality comprises ten districts, two counti ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

under the Huan Huan brand, with 45 GoStations in partnership with Yadea and Dachangjiang Group. It has since expanded to

Wuxi Wuxi ( zh, s=无锡, p=Wúxī, ) is a city in southern Jiangsu, China. As of the 2024 census, it had a population of 7,495,000. The city lies in the southern Yangtze delta and borders Lake Tai. Notable landmarks include Lihu Park, the Mt. Lings ...

and

Kunming Kunming is the capital and largest city of the province of Yunnan in China. The political, economic, communications and cultural centre of the province, Kunming is also the seat of the provincial government. During World War II, Kunming was a Ch ...

, with 250 swapping stations in China as of September 2022. In November 2022, Gogoro announced it would delay its expansion plans in China due to economic and geopolitical uncertainty.

Indonesia

In December 2021, Gogoro launched a pilot program in

Jakarta Jakarta (; , Betawi language, Betawi: ''Jakartè''), officially the Special Capital Region of Jakarta (; ''DKI Jakarta'') and formerly known as Batavia, Dutch East Indies, Batavia until 1949, is the capital and largest city of Indonesia and ...

with

Gojek PT Gojek Indonesia (stylized in all lower case and stylized ''j'' as goȷek, formerly styled as GO-JEK) is an Indonesian on-demand multi-service platform and digital payment technology group based in Jakarta. Gojek was first established in Ind ...

, with 250 Smartscooters and 4 GoStations.

Singapore

In September 2022, Gogoro was awarded a sandbox pilot by Singapore's Land Transport Authority (LTA) to launch Smartscooters and battery-swapping technology.

India

On November 3, 2022, Gogoro announced a battery-swapping pilot in

Delhi Delhi, officially the National Capital Territory (NCT) of Delhi, is a city and a union territory of India containing New Delhi, the capital of India. Straddling the Yamuna river, but spread chiefly to the west, or beyond its Bank (geography ...

in partnership with Zypp Electric, a delivery company. The network began operation on November 8, 2022. In January 2023, Gogoro announced a partnership with Belrise Industries and the state of

Maharashtra Maharashtra () is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to th ...

to invest $2.5 billion in battery charging and swapping infrastructure.

The Philippines

On November 29, 2022, Gogoro announced a battery-swapping pilot in Manila in partnership with

Ayala Corporation Ayala Corporation (, formerly ''Ayala y Compañía''; ) is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and Antonio de Ayala during Spanish colonial rule, ...

, with plans to launch in the first quarter of 2023.

Nepal

In April 2024, Gogoro will be launching in Kathmandu, Nepal in partnership with Nebula Energy, a Nepalese company. Nebula Energy will be the authorized and exclusive dealer of Gogoro products including the network in Nepal.

Gogoro Network outside Asia

Israel

Israel is one of the first markets outside of Taiwan that Gogoro has explored. In September 2022, Gogoro launched its Smartscooters and battery swapping technology in

Tel Aviv Tel Aviv-Yafo ( or , ; ), sometimes rendered as Tel Aviv-Jaffa, and usually referred to as just Tel Aviv, is the most populous city in the Gush Dan metropolitan area of Israel. Located on the Israeli Mediterranean coastline and with a popula ...

, with plans to expand into other Israeli cities in the near future.

Colombia

Gogoro will market its own scooters in Colombia starting in June 2024. The first four battery swapping stations will be colocated at Terpel service stations in

Bogotá Bogotá (, also , , ), officially Bogotá, Distrito Capital, abbreviated Bogotá, D.C., and formerly known as Santa Fe de Bogotá (; ) during the Spanish Imperial period and between 1991 and 2000, is the capital city, capital and largest city ...

, with plans to eventually expand to other cities, including

Medellín Medellín ( ; or ), officially the Special District of Science, Technology and Innovation of Medellín (), is the List of cities in Colombia, second-largest city in Colombia after Bogotá, and the capital of the department of Antioquia Departme ...

Products

Gogoro 1 Smartscooter

Released in 2015. The Gogoro Smartscooter is an electric scooter designed for urban transportation. It is powered by an electric motor developed by Gogoro, which is marketed as the G1 Aluminum Liquid Cooled Permanent Magnet Synchronous Motor. Instead of plugging into an outlet to recharge, the Smartscooter uses swappable battery packs which are made with

lithium ion A lithium-ion or Li-ion battery is a type of rechargeable battery that uses the reversible intercalation of Li+ ions into electronically conducting solids to store energy. Li-ion batteries are characterized by higher specific energy, energy d ...

18650 cells Events January * January 4 – The New York Stock Exchange opens its first permanent headquarters at Broad Street (Manhattan), 10-12 Broad near Wall Street, in New York City. * January 13 – American Civil War: Second Battle of F ...

Gogoro 2 Smartscooter

Released in 2017. The second model of Gogoro. The company states the following figures for the Smartscooter based on internal testing: The Smartscooter's sensors collect information such as speed, battery level, consumption rate, system failures, and scooter falls. This information is presented to riders via Gogoro mobile apps.

Gogoro Viva

In September 2019, Gogoro unveiled the Viva Smartscooter, a smaller electric scooter that provided a smaller option for customers.

Gogoro S1

Gogoro SuperSport

Partners

Gogoro has announced the following strategic partnerships: * Hero MotoCorp: on April 21, 2021, Gogoro announced a strategic partnership with the world's top two-wheel vehicle maker, Hero MotoCorp, to rollout its battery Gogoro Network battery swapping in India. * Coup Mobility GmbH: an electric scooter sharing service using Gogoro scooters that operated in Berlin, Tübingen, Paris and Madrid between 2016 and 2020 but was closed for economic reasons. * Tier Mobility GmbH: electric scooter sharing service operating in Berlin, Cologne, Munich and Hamburg. Tier acquired the assets of Coup in early-2020. * Ride Go Share: electric scooter sharing service in Okinawa, Japan * Carbon belts: developed in partnership with

Gates Gates is the plural of gate, a point of entry to a space which is enclosed by walls. It may also refer to: People * Gates (surname), various people with the last name * Gates Brown (1939-2013), American Major League Baseball player * Gates McFadd ...

* Performance tires: developed in partnership with

Maxxis Cheng Shin Rubber Industry Co. () is a Taiwanese tire company which is the 11th largest in the world. Established in 1967, in Yuanlin City, Changhua County, Taiwan Taiwan, officially the Republic of China (ROC), is a country in East Asia ...

* Battery cells: developed in partnership with

References

External links

* {{Authority control Electric vehicle infrastructure developers Companies based in Palo Alto, California Companies listed on the Nasdaq Privately held companies based in California Taiwanese companies established in 2011 Motorcycle manufacturers of Taiwan Electric vehicle manufacturers of Taiwan Taiwanese brands Scooter manufacturers Special-purpose acquisition companies