Electrical Scooter Battery Swapping for Colombia, & Gogoro Will get $50 Million in Investments

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Launching at this time in Bogota with 4 GoStations, Terpel plans to increase to 14 GoStations by the top of the 12 months after which to different Colombian cities.

BOGOTA, Colombia — Terpel, a number one Colombian gas and lubes firm, and Gogoro®️ Inc (Nasdaq: GGR), a world expertise chief in battery-swapping ecosystems that allow sustainable mobility options for cities, at this time launched Gogoro’s battery swapping in Bogota Colombia by the Terpel Voltex model. The businesses additionally launched the Gogoro 2 Plus and Gogoro VIVA MIX Smartscooters.

“Gogoro and Terpel share a standard imaginative and prescient for accelerating the shift to two-wheel sustainable transportation in Colombia and throughout Latin America. Gogoro Swap & Go battery swapping addresses lots of the challenges that conventional plug-in charging presents,” mentioned Horace Luke, founder and CEO of Gogoro. “With 590 million battery swaps thus far and greater than 400,000 battery swaps per day, Gogoro Battery Swapping has demonstrated that it’s protected, dependable and the best selection for two-wheel city transportation in cities like Bogota.”

“In step with our dedication to supporting Colombia, we proceed to increase our portfolio with alternate options that contribute to Colombia’s decarbonization targets and encourage the deployment of electromobility options. Gogoro battery swapping strengthens and enhances our complete portfolio of providers by providing customers the comfort of swapping batteries in simply seconds. We hope that, by facilitating this expertise, extra individuals and industries will be part of this new mobility scheme,” mentioned Oscar Bravo, president of Terpel.

The Gogoro battery swapping stations are initially situated at 4 Terpel service stations in Bogota with plans to increase to 14 whole places by the top of 2024 with further plans to increase to different cities corresponding to Medellín.

The Gogoro Smartscooters can be marketed by Motored, a number one two-wheel distributor in Colombia with 10 years of expertise within the nationwide bike market.

Gogoro Battery Swapping

On the coronary heart of Gogoro’s ecosystem is an open and interoperable battery swapping platform that’s acknowledged by Guidehouse Insights because the main battery swapping platform for light-weight city autos on the earth. Gogoro battery swapping is a brand new technology of swappable battery refueling that’s good, protected, and frequently optimizing itself to be dynamic and versatile for riders, companies, and communities.

In Taiwan, the Gogoro Community helps greater than 600,000 riders and has greater than 1.4 million good batteries in circulation by its community of 12,500 battery swapping stations at over 2,500 places. Presently Gogoro has over 90% market share in electrical two wheelers in Taiwan and the variety of GoStations outnumber petrol stations. With greater than 400,000 every day battery swaps and greater than 570 million whole battery swaps thus far, Gogoro battery swapping has saved greater than 870,750 tons of CO2 because it launched in 2015.

About Terpel

Terpel is an organization of Colombian origin, custom and spirit that for greater than 55 years has been dedicated to the nation, selling its growth, rising hand in hand with its associates and dealing underneath a strict coverage of ethics and company governance. Its objective is to advertise and mobilize individuals, corporations and the nation with the most effective power.

It’s a chief within the distribution and advertising of liquid fuels, CNG and lubricants in Colombia. In 2019, it launched its electrical mobility technique with which it seeks to contribute to the power transition, by providing completely different charging alternate options to customers to facilitate the migration to electrical autos. It has a big presence in Ecuador, Panama, the Dominican Republic and Peru.

In Latin America its community is made up of greater than 2,300 service stations. It has 31 provide vegetation in its nation of origin. Within the Aviation enterprise, the corporate leads the market working in 21 airports in Colombia; It additionally has a presence in 5 airports within the Dominican Republic, 5 in Panama and handles the operation of the principle airport in Peru. Terpel is the licensed distributor of the Mobil model of lubricants in Colombia, Ecuador and Peru.

Terpel has been acknowledged as some of the sustainable corporations on the earth and listed within the DowJones Sustainability Yearbook, crucial publication on these issues.

Terpel is an ally of the nation as a result of it promotes the excellent growth of individuals, trains its staff, contributes to the well-being of its neighbors and contributes to the way forward for Colombia with the standard instructional packages led by its Basis, for greater than 20 years and which have benefited practically two million individuals. By excellence and heat in service, a contemporary and renovated infrastructure and aggressive costs, Terpel seeks to be the primary model within the hearts of customers.

About Gogoro

Based in 2011 to rethink city power and encourage the world to maneuver by cities in smarter and extra sustainable methods, Gogoro leverages the ability of innovation to alter the best way city power is distributed and consumed. Acknowledged by Quick Firm as “Asia-Pacific’s Most Modern Firm of 2024”; Frost & Sullivan because the “2023 International Firm of the Yr for battery swapping for electrical two-wheel autos”; and, MIT Know-how Evaluation as one in every of “15 Local weather Tech Firms to Watch” in 2023, Gogoro’s battery swapping and car platforms provide a sensible, confirmed, and sustainable long-term ecosystem for delivering a brand new method to city mobility. Gogoro has rapidly change into an innovation chief in car design and electrical propulsion, good battery design, battery swapping, and superior cloud providers that make the most of synthetic intelligence to handle battery charging and availability. The problem is very large, however the alternative to disrupt the established order, set up new requirements, and obtain new ranges of sustainable transportation development in densely populated cities is even better

With greater than 400,000 every day battery swaps and greater than 570 million whole battery swaps because it launched in 2015, Gogoro has been acknowledged as a world chief in two-wheel battery swapping. 

TAIPEI, Taiwan — Gogoro Inc. (Nasdaq: GGR), a world expertise chief in battery-swapping ecosystems that allow sustainable mobility options for cities, at this time introduced an settlement for $50 million funding from Gold Sino Belongings Restricted (“Gold Sino”) to proceed its management in city battery swapping ecosystems and good mobility innovation to speed up the shift to sustainable city transportation.

“With the success of its revolutionary battery swapping ecosystem, Gogoro continues to steer the two-wheel transformation that’s shaping cities of the long run to be good, sustainable and accessible. Gogoro is delivering on its imaginative and prescient,” mentioned Dr. Samuel Yin of Gold Sino and the chairman of Ruentex Group. “As Gogoro continues rising its lead in Taiwan and in its enlargement markets, it can be crucial that it continues to have the sources and adaptability to function effectively and proceed to ship cutting-edge innovation, unparalleled buyer expertise and nice worth to prospects.”

Transaction Particulars

The share and warrant buy settlement with Gold Sino, Gogoro’s largest shareholder, pursuant to which it would problem to Gold Sino (i) 32,516,095 strange shares of Gogoro, par worth US$0.0001 per share, for an mixture buy value of US$50,000,000, reflecting a per share buy value of roughly US$1.5377 and (ii) a warrant to buy 10,838,698 strange shares of Gogoro with an train value of US$1.6915 per share (topic to sure changes as set forth therein).  The closing of the transactions is anticipated to happen throughout the subsequent few days. The funding can be used to proceed Gogoro’s development and growth in Taiwan and worldwide enlargement markets.

“Our partnership with Dr. Yin, Gold Sino and Ruentex Group goes again to Gogoro’s founding. Dr. Yin has been our biggest advocate and shares a powerful imaginative and prescient for the way good mobility and clear power can create more healthy and extra vibrant cities,” mentioned Horace Luke, founder and CEO of Gogoro. “This funding is a powerful testomony to Gogoro’s enterprise mannequin and imaginative and prescient for rising our enterprise globally.”

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