Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 99

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 99
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ogoro Inc., entered into a loan facility agreement with a financial institution which provides Gogoro Network Taiwan with a loan facility in the amount of NT$2.0 billion which is approximately US$61.5 million (the “ Loan”). The purpose of the Loan is to support Gogoro Network Taiwan’s working capital needs, including but not limited to repaying loans from financial institutions, funding capital expenditures and strengthening medium-term operational working capital. The Loan has a term of three years and bears interests at a rate equal to three-month Taipei Interbank Offered Rate plus 1.6%, subject to potential downward adjustments depending on Gogoro’s profitability. Gogoro Inc. will serve as the guarantor of the Loan.

We believe that our current levels of cash, available credit facilities and cash flows from operations will be sufficient to meet our anticipated cash needs in the near future. However, we may need additional cash resources in the future if we find and wish to pursue opportunities for investment, acquisition, strategic cooperation or other similar actions, which may include investing in battery swapping and energy network, technology, manufacturing equipment and machinery, tooling equipment and leasehold improvements as Gogoro continues to invest in its business infrastructure and scales its operations in Taiwan and internationally. If we determine that our cash requirements exceed our amounts of cash on hand or if we decide to further optimize our capital structure, we may seek to issue additional debt or equity securities or obtain credit facilities or other sources of funding.

Cash Flows Summary

Presented below is a summary of our operating, investing, and financing cash flows (U. S. dollars in thousands):

                                                                     For the years ended December 31,                                                                   
                                                                     2024                                                 2023                     2022                 
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net cash generated from (used in) operating activities             $                                         9,850      $            59,095      $          (64,790)  
  Net cash used in investing activities                                                                    (128,725)                (136,626)                (101,102)  
  Net cash generated from financing activities                                                                33,814                   15,151                  186,396  
  Effects of exchange rate changes on cash and cash equivalents                                               28,324      165                                  (1,833)  
  Net (decrease) increase in cash and cash equivalents               $                                      (56,737)      $