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HomeTaiwan Taiwan-Based Gogoro Secured $50 Million in Funding

[FUNDING NEWS] Taiwan-Based Gogoro Secured $50 Million in Funding

A $50 million investment from Gold Sino Assets Limited has been announced by Gogoro Inc., a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities.

A $50 million investment from Gold Sino Assets Limited has been announced by Gogoro Inc., a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities.

This investment will allow Gogoro Inc. to maintain its leadership in urban battery swapping ecosystems and smart mobility innovation, which will hasten the transition to sustainable urban transportation.

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To raise the money for the deal, it will issue 32,516,095 shares, or about US$1.5377 per share. Additionally, a warrant to purchase 10,838,698 it shares at a price of US$1.6915 per share is included.

With this financing, Gogoro which was founded in 2011 by Horace Luke and Matt Taylor will be able to grow both domestically and internationally. The business announced ambitions in January to launch in Latin America by this year’s second quarter.

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In collaboration with Bikebank, the nation’s provider of maintenance and other services for electric two-wheelers, it introduced its smart scooter service in Korea in May.

It also started selling its e-scooters to consumers in the Philippines in December 2023 after partnering with 917Ventures and the regional powerhouse Ayala Corporation.

About Gogoro

Founded in 2011 to rethink urban energy and inspire the world to move through cities in smarter and more sustainable ways, Gogoro leverages the power of innovation to change the way urban energy is distributed and consumed. 

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