Back in September, 2021, electrical scooter and expertise firm Gogoro first introduced a plan to go public on NASDAQ in 2022. This got here after an intense interval of progress, together with the institution of its Powered by Gogoro Network all through its residence nation, Taiwan; a deal to deliver its tech to India with Hero MotoCorp; and final however not least, offers with Chinese firms Yadea and DCJ to increase in China.
Building on that momentum, Gogoro introduced a deliberate merger with a particular goal acquisition firm (SPAC) by the title of Poema Global. This merger formally went by means of as of April 4, 2022, and the brand new firm will now formally function below the title Gogoro Inc.
As of April 5, 2022, the newly-formed Gogoro Inc. is now buying and selling atypical shares and warrants publicly on NASDAQ, respectively utilizing the ticker symbols “GGR” and “GGROW”. Investors in Gogoro presently embrace Indonesia’s GoTo Group, Hero MotoCorp, Sumitomo Corporation, Hon Hai (Foxconn) Technology Group, Temasek, Generation Investment Management, and Dr. Samuel Yin, who’s founder and chairman of Taiwan’s Ruentex Group.
Publicly, Gogoro has introduced its plans to develop its community of GoStations in Taiwan, increase into the Indian and Chinese markets, and it additionally has an eye fixed on future enlargement in Southeast Asia. As extra international locations within the area shift focus to electrical autos amid rising climatological and environmental issues, Gogoro is able to assist gas that change. While we received’t be in any respect stunned if and when Gogoro broadcasts enlargement plans elsewhere, thus far, these are the one issues that the corporate has formally said.
“Gogoro battery swapping is transforming urban mobility in the world’s most densely populated cities by changing how people use and share portable energy,” Gogoro founder, chairman, and CEO Horace Luke stated in an announcement.
“With innovative technology, an expanding global footprint, and an experienced management team, Gogoro is well-positioned to transform the urban mobility landscape and capitalize on the electric transition of nearly a billion two-wheel vehicles,” he concluded.
On the one hand, we don’t wish to learn an excessive amount of into that “expanding global footprint,” however on the opposite, given the expansion we’ve noticed thus far, it’s additionally troublesome not to. It additionally most likely helps that Gogoro’s electrical scooters are a welcome splash of vivid, cheerful colours in an more and more drab two-wheeler market. For aesthetic causes alone, we like to see it.