Gogoro
Gogoro is a Taiwanese company that developed a battery-swapping refueling platform for urban electric two-wheel scooters, mopeds and motorcycles. It also develops its own line of electric Smartscooters and offers its own vehicle innovations to vehicle maker partners like Hero, Yamaha, Aeonmotor, PGO, eReady and eMOVING. Gogoro was founded in 2011 by entrepreneurs Horace Luke and Matt Taylor. In its year of inception, Gogoro secured $50 million in seed funding from Dr. Samuel Yin of Ruentex Group and Cher Wang. In October 2014, Gogoro raised an additional $100 million in Series B funding from a  collection of investors. In November 2015, Gogoro announced a $30 million round of investment from Panasonic and Taiwan's National Development Fund. In September 2017, Gogoro announced a $300 million Series C round of investment from Singapore's Temasek, Generation Investment Management, co-founded by Al Gore, Japan's Sumitomo Corporation, and French utility Engie, increasing the Smartscooter innovator's capital up to US $480 million. The company went public in 2022 with its merger with Nasdaq-listed special-purpose acquisition company Poema Global. On April 21, 2021, Gogoro announced a strategic partnership with the world's  top two-wheel vehicle maker, Hero MotoCorp, to rollout its Gogoro Network battery swapping in India. In December 2020, analyst firm Frost & Sullivan recognized Gogoro as the, '2020 Global Company of the Year Award for the Swappable Battery Electric Scooter Market.' Gogoro Smartscooter, the first consumer product from Gogoro, was revealed at the Consumer Electronics Show (CES) in Las Vegas in January 2015. Along with the scooter, Gogoro announced a battery-swapping network under the name Gogoro Energy Network. Gogoro Network. The Gogoro Network is a modular battery swapping infrastructure designed to be deployed in cities for electric refueling of  two wheel vehicles like scooters, mopeds and motorcycles. Riders would be able to swap out depleted batteries at a network of kiosks called GoStations for a monthly subscription fee. According to Gogoro, as of April 2021 in its pilot market of Taiwan, Gogoro Network had 370,000 riders and managed more than 175 million battery swaps, 265,000 per day, through its 2,000 GoStations. The Gogoro Smartscooter was the first vehicle to be integrated into the Gogoro Network in 2015. The network also includes the Powered by Gogoro Network program through which other manufacturers of electric motor scooters can build scooters which  utilize the Gogoro Network infrastructure. As of April 2021, Gogoro has seven vehicle maker partners including Hero, Yamaha, Aeonmotor, PGO, eReady, eMOVING and Gogoro. Israel is one of the first markets outside of Taiwan which Gogoro has explored. Gogoro Network in Taiwan. In July 2015, Gogoro Smartscooter was launched in Taiwan, a country with the highest scooter density in the world. By the end of the same year, more than 4,000 Smartscooters were sold and its market share in Taiwan's electric scooter market hit 33.94%. According to Gogoro, in 2016 the company had a GoStation less than every 1.3  kilometers in Taipei. In February 2021 the network consisted of 1,959 GoStations and more than 764,000 battery packs. 66 of the GoStations in 2021 were Super GoStations which were larger than regular GoStations with the ability to service up to 1,000 riders a day. Some stations have grid batteries, able to keep charging scooter batteries during grid failures. Products. Gogoro 1 Smartscooter. Released in 2015. The Gogoro Smartscooter is an electric scooter designed for urban transportation. It is powered by an electric motor developed by Gogoro, which is marketed as the G1 Aluminum Liquid Cooled Permanent Magnet Synchronous Motor. Instead  of plugging into an outlet to recharge, the Smartscooter runs on swappable Panasonic lithium ion 18650 batteries. Gogoro 2 Smartscooter. Released in 2017. The second model of Gogoro. The company states the following figures for the Smartscooter based on internal testing: The Smartscooter's sensors collect information such as speed, battery level, consumption rate, system failures, and scooter falls. This information is presented to riders via Gogoro mobile apps. Gogoro Viva. In September 2019, Gogoro unveiled the Viva Smartscooter, a smaller electric scooter that provided a smaller option for customers. Partners. Gogoro has announced the following strategic partnerships: Gogoro Gogoro