Remember these letters: GGR. That’s the new stock ticker for Taiwanese scooter company and EV battery swapping network Gogoro, which went public this morning with a listing on Nasdaq (nasdaq:ggr).
Gogoro first announced its plans to go public in Q3 of last year. The listing came as part of a SPAC merger with Poema Global, which was finalized yesterday. The combined company will operate going forward as “Gogoro, Inc.”
For their part, the Taiwanese company seems pretty excited about the deal. “Battery swapping is transforming urban mobility in the world’s most densely populated cities by changing how people use and share portable energy,” said Horace Luke, founder, chairman, and CEO of Gogoro. “With innovative technology, an expanding global footprint, and an experienced management team, Gogoro is well-positioned to transform the urban mobility landscape and capitalize on the electric transition of nearly a billion two-wheel vehicles.”
Why it Matters
You may not have heard of Gogoro yet in the US, but they are a huge deal in their home market of Taiwan. There, the copmany operates a vast network of 2,000+ “GoStations” where electric scooter riders can pull up, pullout their spent battery, and swap it for a new one in a “battery vending machine” in a matter of seconds.
It’s such a good idea that Honda, Yamaha, KTM, and Vespa have all agreed to go in on a similar scheme together— and, with a public stock offer, it can only be a matter of time before one or all of those companies buys a stake in GGR. That’s the future, though. In the meantime, you can watch the video, below, to familiarize yourself with Gogoro’s GoStation technology, then scroll on down to the comments and let us know what you think of the idea there.
Gogoro Energy Network: Swap & Go
SOURCE | IMAGES: GOGORO.
FTC: We use income earning auto affiliate links. Learn more.