| Market Capitalization (Millions $) |
39 |
| Shares
Outstanding (Millions) |
15 |
| Employees |
1,300 |
| Revenues (TTM) (Millions $) |
281 |
| Net Income (TTM) (Millions $) |
-80 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
65 |
Business Description
Gogoro Inc. is a Taiwanese electric scooter and battery swapping infrastructure provider company that was founded in 2011 by Horace Luke and Matt Taylor. The company designs and manufactures electric scooters and develops the infrastructure necessary for electric mobility adoption.
Gogoro's electric scooters, which they call Smartscooters, use lithium-ion batteries as their primary power source. These batteries are lightweight, high-density, and easily swappable, allowing riders to quickly and conveniently exchange depleted batteries for fully charged ones at one of Gogoro's battery swap stations.
The company's battery swapping stations are an integral part of its business model as they make it possible for Gogoro Smartscooter riders to travel longer distances on a single charge. The stations are strategically located in urban areas and are powered by renewable energy sources, such as solar panels and wind turbines. They are also equipped with IoT sensors that monitor battery usage and in turn, provide real-time insights about battery performance.
Gogoro has also developed an innovative smartphone app that enables users to locate battery swapping stations, monitor battery usage, and track their traveling history. The app also provides personalized statistics and information about a rider's efficiency and energy savings.
In addition to its hardware and software products, Gogoro is also focused on establishing partnerships with governments and utility companies to further advance sustainable transportation solutions. The company has collaborated with energy companies in Taiwan, France, and Japan to develop battery recycling infrastructure and has also partnered with cities and transportation authorities to build out its battery swapping network.
Since its inception, Gogoro has been recognized as an industry leader and innovator in the electric mobility space. The company has expanded its operations to several countries in Southeast Asia and Europe and has gained a loyal customer base due to its commitment to sustainable mobility and innovative products.
Company Address: 11F, Building C, SongShan district, Taipei City 105
Company Phone Number: 3-273 0900 Stock Exchange / Ticker: NASDAQ GGR
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38.46 %