Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 80

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 4
Chunk 80
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ial Company of the Year for mobility sharing. Fast Company recognized Gogoro as number one Most Innovative Company of 2024 in Asia Pacific and 37th globally.

Gogoro Products

Vehicles and Enabling Technology (Sales of Hardware & Other Revenues)

Smartscooter

In 2015, we launched our first vehicle, the Gogoro 1 Smartscooter. Since then, we have released numerous Smartscooter vehicles and introduced new ePTW technologies that have led to the innovative powertrains, systems, and components we offer to partner OEMs. As we continue to innovate Gogoro-branded products, the entire platform benefits from new technology and features that can be extended into future enabling kits.

In 2024, we introduced a number of new vehicle products and collaborated again with Muji and well-known Japanese designer Naoto Fukasawa to launch Gogoro VIVA XL ME and a line of lifestyle products. Partner brands also introduced new vehicles and we will continue to innovate under both the Gogoro brand and by working together with OEM partners to bring innovative Gogoro technology for ePTWs to their branded products.

Battery Packs and GoStation®

Our Gogoro self-manufactured battery packs are manufactured based on proprietary technology and manufacturing methods, can be sold to service providers as we expand into international markets. Similarly, GoStation® can be sold directly to operators. In Taiwan Gogoro owns and operates the Gogoro Network™.

Battery Subscription Services (Battery Swapping Service Revenue)

Table of Contents

Once a customer has purchased a Gogoro or partner branded vehicle, they subscribe to the Gogoro Network™. The subscription can take a variety of forms - post paid, pre-paid, bulk-buy, etc. This revenue represents a growing portion of Gogoro’s overall revenue in 2024 and will continue to grow as subscribers accumulate.

Research and Development

Gogoro pioneered the battery swapping industry and has set the industry benchmarks for innovation, technical performance, sustainability, and quality standards with continuous advancements across every segment since. We invested significant time, resources, and expense into the research and development of our category-defining batteries, motors and drivetrain systems. Our MES, and networked swapping platform technologies as well as the software solutions that seamlessly integrate them are also all largely self-developed. Our leadership position is the result, in part, of our committed research and development activities.

Our in-house research, design, engineering, and software teams developed our