- Taiwan-based electric scooter company and battery swapping network Gogoro has officially gone public.
- Gogoro’s biggest accomplishment is the development of its battery-swapping network.
- The GoStations will soon outnumber gas stations across the country.
Gogoro, a Taiwanese electric scooter startup and battery swapping network has gone public, debuting on the Nasdaq exchange as reported by Electrek.
Gogoro goes public
The move comes after Gogoro announced his Nasdaq intentions in Q3 of 2021.
Gogoro and Poema Global joined in a SPAC merger yesterday, and the combined firm is now known as Gogoro Inc.
The company’s ordinary shares and warrants will begin trading on the Nasdaq Global Select Market at the market open today morning, with the new ticker symbols GGR and GGROW, respectively.
More than just electric scooters
While many people know of Gogoro from the company’s numerous models of popular high-speed electric scooters, Gogoro’s biggest accomplishment is the development of its battery-swapping network.
The solution completely removes the hassle of charging and also reduces the price of vehicles as the battery remains owned by the company operating the network.
The GoStations will soon outnumber gas stations across the country.
Gogoro’s electric scooters are the top-selling models in Taiwan, but other companies have also partnered with Gogoro to develop electric motorbikes that use Gogoro’s proprietary technology to power their own vehicles.
While Gogoro dominates its domestic electric scooter market in Taiwan, the company has also spent the last year aggressively expanding into the world’s largest two-wheeler markets.
Soon after, Gogoro announced a partnership with Yadea and DCJ to enter China.
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Source: Electrek
