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Gogoro and Cycle & Carriage Launch Battery Swapping with Three Smartscooters in Singapore

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Gogoro Inc. (Nasdaq: GGR) and Cycle & Carriage are set to launch battery swapping and Smartscooters in Singapore this month. The partnership aims to introduce a new generation of two-wheel urban transportation and refueling, aligning with Singapore's proactive approach to EV adoption and the LTA's TR25 electric vehicle charging standard.

Three Gogoro Smartscooter models will be introduced: Viva Mix (150km range), Premium (170km range), and SuperSport (170km range with enhanced safety features). The Gogoro Network, which has been successful in Taiwan with over 610,000 riders and 1.4 million smart batteries, offers quick and safe electric refueling through its battery swapping stations.

With only 1% of registered two-wheel vehicles in Singapore being electric in 2023, there is significant market potential for growth. Gogoro Smartscooters are priced competitively, comparable to internal combustion engine two-wheel vehicles in the market.

Gogoro Inc. (Nasdaq: GGR) e Cycle & Carriage lanceranno questo mese il sistema di scambio batterie e Smartscooters a Singapore. Questa partnership mira a introdurre una nuova generazione di trasporto urbano a due ruote e rifornimento, allineandosi con l'approccio proattivo di Singapore per l'adozione dei veicoli elettrici (EV) e lo standard di ricarica per veicoli elettrici TR25 dell'LTA.

Saranno introdotti tre modelli di Gogoro Smartscooter: Viva Mix (autonomia di 150 km), Premium (autonomia di 170 km) e SuperSport (autonomia di 170 km con caratteristiche di sicurezza potenziate). La Rete Gogoro, che ha riscosso successo a Taiwan con oltre 610.000 conducenti e 1,4 milioni di batterie intelligenti, offre un rifornimento elettrico veloce e sicuro attraverso le sue stazioni di scambio batterie.

Con solo il 1% dei veicoli a due ruote registrati a Singapore che sono elettrici nel 2023, c'è un significativo potenziale di mercato per la crescita. Le Gogoro Smartscooter sono offerte a un prezzo competitivo, paragonabile a quello dei veicoli a motore a combustione interna presenti sul mercato.

Gogoro Inc. (Nasdaq: GGR) y Cycle & Carriage están a punto de lanzar el intercambio de baterías y Smartscooters en Singapur este mes. La asociación tiene como objetivo introducir una nueva generación de transporte urbano en dos ruedas y reabastecimiento, alineándose con el enfoque proactivo de Singapur hacia la adopción de vehículos eléctricos (EV) y el estándar de carga TR25 de LTA para vehículos eléctricos.

Se introducirán tres modelos de Gogoro Smartscooter: Viva Mix (150 km de autonomía), Premium (170 km de autonomía) y SuperSport (170 km de autonomía con características de seguridad mejoradas). La Red Gogoro, que ha tenido éxito en Taiwán con más de 610,000 usuarios y 1.4 millones de baterías inteligentes, ofrece un reabastecimiento eléctrico rápido y seguro a través de sus estaciones de intercambio de baterías.

Con solo el 1% de los vehículos de dos ruedas registrados en Singapur siendo eléctricos en 2023, hay un potencial significativo de mercado para el crecimiento. Las Gogoro Smartscooters tienen precios competitivos, comparables a los de los vehículos de dos ruedas de motor de combustión interna en el mercado.

Gogoro Inc. (Nasdaq: GGR)과 Cycle & Carriage는 이번 달 싱가포르에서 배터리 교환스마트스쿠터를 출시할 예정입니다. 이 파트너십은 EV 채택에 대한 싱가포르의 적극적인 접근 방식과 LTA의 TR25 전기차 충전 기준에 부합하는 새로운 세대의 두 바퀴 도시 교통 및 연료 보급을 도입하는 것을 목표로 하고 있습니다.

세 가지 Gogoro 스마트 스쿠터 모델이 출시될 예정입니다: 비바 믹스 (150km 주행 거리), 프리미엄 (170km 주행 거리) 및 슈퍼스포츠 (안전 기능이 강화된 170km 주행 거리). 타이완에서 610,000명 이상의 라이더와 140만 개의 스마트 배터리를 보유한 Gogoro 네트워크는 배터리 교환소를 통해 빠르고 안전한 전기 연료 보급을 제공합니다.

2023년 싱가포르의 등록된 두 바퀴 차량 중 전기차는 단 1%에 불과해 성장 가능성이 큽니다. Gogoro 스마트스쿠터는 내연기관 두 바퀴 차량과 경쟁력 있는 가격으로 제공됩니다.

Gogoro Inc. (Nasdaq: GGR) et Cycle & Carriage sont sur le point de lancer le système d'échange de batteries et les Smartscooters à Singaour ce mois-ci. Ce partenariat vise à introduire une nouvelle génération de transport urbain à deux roues et de ravitaillement, s'alignant sur l'approche proactive de Singapour pour l'adoption des véhicules électriques (EV) et la norme de charge pour véhicules électriques TR25 de l'LTA.

Trois modèles de Gogoro Smartscooter seront présentés : Viva Mix (autonomie de 150 km), Premium (autonomie de 170 km) et SuperSport (autonomie de 170 km avec des caractéristiques de sécurité améliorées). Le Réseau Gogoro, qui a connu du succès à Taïwan avec plus de 610 000 riders et 1,4 million de batteries intelligentes, offre un ravitaillement électrique rapide et sûr via ses stations d'échange de batteries.

Avec seulement 1 % des motos enregistrées à Singapour étant électriques en 2023, il existe un potentiel significatif de croissance sur le marché. Les Gogoro Smartscooters sont affichés à des prix compétitifs, comparables à ceux des motos à moteur à combustion interne sur le marché.

Gogoro Inc. (Nasdaq: GGR) und Cycle & Carriage werden in diesem Monat Batteriewechsel und Smartscooter in Singapur einführen. Die Partnerschaft zielt darauf ab, eine neue Generation von urbanem Verkehr und Betankung auf zwei Rädern zu bringen, die mit Singapurs proaktiver Herangehensweise an die Einführung von EVs und dem TR25-Lade-Standard für Elektrofahrzeuge der LTA in Einklang steht.

Drei Gogoro Smartscooter-Modelle werden eingeführt: Viva Mix (Reichweite von 150 km), Premium (Reichweite von 170 km) und SuperSport (Reichweite von 170 km mit verbesserten Sicherheitsmerkmalen). Das Gogoro-Netzwerk, das in Taiwan mit über 610.000 Fahrern und 1,4 Millionen intelligenten Batterien erfolgreich ist, bietet eine schnelle und sichere elektrische Betankung über seine Batteriewechselstationen.

Mit nur 1% der registrierten Zweiräder in Singapur, die 2023 elektrisch sind, besteht ein erhebliches Marktpotenzial für Wachstum. Gogoro Smartscooter sind wettbewerbsfähig im Preis und vergleichbar mit Fahrzeugen mit Verbrennungsmotor auf dem Markt.

Positive
  • Introduction of three new Smartscooter models in Singapore market
  • Partnership with Cycle & Carriage for distribution in Singapore
  • Alignment with Singapore's Green Plan 2030 and EV adoption initiatives
  • Competitive pricing comparable to internal combustion engine vehicles
  • Potential for market growth with only 1% of two-wheel vehicles being electric in 2023
Negative
  • None.

Insights

The launch of Gogoro's battery swapping and Smartscooters in Singapore represents a significant market entry, addressing the untapped potential in the electric two-wheeler segment. With only 1% of registered two-wheel vehicles being electric in 2023, there's substantial room for growth. The partnership with Cycle & Carriage, a well-established local player, provides Gogoro with a strong distribution channel and local market expertise.

Gogoro's competitive pricing strategy, positioning their Smartscooters at par with internal combustion engine alternatives, could drive adoption. The introduction of three models caters to different consumer needs, from compact city commuters to high-performance options. The battery swapping technology addresses range anxiety and charging time concerns, two major barriers to EV adoption.

However, success will depend on the rapid deployment of battery swapping infrastructure and consumer education about this new technology. The alignment with Singapore's Green Plan 2030 and LTA's TR25 standard positions Gogoro favorably in the regulatory landscape, potentially benefiting from government incentives for green transportation.

Gogoro's battery swapping technology represents a paradigm shift in electric vehicle refueling. The system's success in Taiwan, with more battery swapping stations than gas stations, demonstrates its scalability and consumer acceptance. Key technological advantages include:

  • Quick and easy refueling process, eliminating long charging times
  • Smart network optimization, ensuring battery availability and efficiency
  • Proven track record with over 630 million swaps and 1 million tons of CO2 emissions avoided

The Smartscooters' range of up to 170km is competitive for urban use. The SuperSport model's smart features for rider safety could be a significant differentiator. However, the success in Singapore will heavily depend on the speed and extent of the swapping station network rollout. The initial phase will be critical in establishing user trust and demonstrating the system's convenience compared to traditional charging methods.

SINGAPORE, Oct. 16, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities and its exclusive Singapore distribution partner, Cycle & Carriage, today announced they will be launching Gogoro battery swapping and Smartscooters in Singapore later this month.

"Together with Cycle & Carriage, we are introducing a new generation of two-wheel urban transportation and refueling in Singapore. Gogoro battery swapping provides a quick, easy and safe electric refueling experience that doesn't require parking or time to charge," said Henry Chiang, CEO of Gogoro. "Singapore has taken a proactive approach to accelerating EV adoption and the Singapore LTA's TR25 electric vehicle charging standard has established a strong set of requirements for Southeast Asia to embrace."

"Gogoro is Cycle & Carriage's first foray into the two-wheeler electric mobility business here in Singapore and it highlights our commitment to support the Singapore Green Plan 2030," said Wilfrid Foo, Managing Director of Cycle & Carriage Singapore. "While battery swapping technology is relatively new here, we believe in the products and our partnership with Gogoro will accelerate the growth."

Three Gogoro Smartscooters
C&C is launching three Gogoro Smartscooter models:

  • Gogoro Viva Mix - Gogoro Viva Mix is a lightweight, nimble Smartscooter that is compact and has a riding range of up to 150km.
  • Gogoro Premium - Gogoro Premium boasts a range of up to 170km with a 6.4kW of power output.
  • Gogoro SuperSport - Gogoro SuperSport comes with many Smart Features to enhance rider safety and up to 170km riding range.

Gogoro Battery Swapping
The Gogoro Network is a new generation of swappable battery refueling that is smart, safe and continually optimizing itself to be dynamic and versatile for riders, business, and communities. In Taiwan's cities, Gogoro has more battery swapping stations than gas stations and the Gogoro Network supports more than 610,000 riders and has more than 1.4 million smart batteries in circulation through its network of 12,500 battery swapping GoStations racks at over 2,500 locations. There are more than 400,000 daily battery swaps and more than 630 million total battery swaps to date. Gogoro battery swapping has avoided more than 1 million tons of CO2 emissions.

Singapore Market Demand
With only one percent of 2023 registered two-wheel vehicles on the road being electric, there is a strong market potential for more electric two-wheel vehicles in Singapore. With the Gogoro Smartscooters being priced competitively, the cost is comparable to internal combustion engine two-wheel vehicles in the market.

About Cycle & Carriage
At Cycle & Carriage, we are passionate about creating people-focused experiences and exceptional journeys. Founded in 1899 in Kuala Lumpur, we are now a leading regional automotive group in Southeast Asia. Cycle & Carriage distributes, retails, and provides aftersales services for passenger cars as well as commercial vehicles in Singapore, Malaysia and Myanmar. Cycle & Carriage is a member of the Jardine Cycle & Carriage Group.

From passenger cars and commercial vehicles to used cars, Cycle & Carriage Singapore is one of the most diversified automotive groups in the country. With a network of six showrooms and service centers, and representing world-class brands such as Mercedes-Benz, Mitsubishi, Kia, Citroën, DS Automobiles, Maxus, ORA, smart, Gogoro and used car arm, Republic Auto, we are committed to support our customers at every step of the way. At Cycle & Carriage Singapore, we are also dedicated to enable our people to follow their best paths. We have been one of HR Asia's 'Best Companies to Work For' since 2015.

Cycle & Carriage Singapore: www.cyclecarriage.com.sg

About Gogoro
Founded in 2011 to rethink urban energy and inspire the world to move through cities in smarter and more sustainable ways, Gogoro leverages the power of innovation to change the way urban energy is distributed and consumed. Recognized by Fortune as a "Change the World 2024" company;  Fast Company as "Asia-Pacific's Most Innovative Company of 2024"; Frost & Sullivan as the "2024 Global Company of the Year for battery swapping for electric two-wheel vehicles"; and, MIT Technology Review as one of "15 Climate Tech Companies to Watch" in 2024, Gogoro's battery swapping and vehicle platforms offer a smart, proven, and sustainable long-term ecosystem for delivering a new approach to urban mobility. Gogoro has quickly become an innovation leader in vehicle design and electric propulsion, smart battery design, battery swapping, and advanced cloud services that utilize artificial intelligence to manage battery charging and availability. The challenge is massive, but the opportunity to disrupt the status quo, establish new standards, and achieve new levels of sustainable transportation growth in densely populated cities is even greater. For more information, visit www.gogoro.com/news and follow Gogoro on Twitter: @wearegogoro.

 

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SOURCE Gogoro Inc.

FAQ

When will Gogoro (GGR) launch battery swapping and Smartscooters in Singapore?

Gogoro Inc. (Nasdaq: GGR) and Cycle & Carriage will launch battery swapping and Smartscooters in Singapore later this month (October 2024).

What Smartscooter models is Gogoro (GGR) introducing in Singapore?

Gogoro (GGR) is introducing three Smartscooter models in Singapore: Viva Mix (150km range), Premium (170km range), and SuperSport (170km range with enhanced safety features).

How does Gogoro's (GGR) battery swapping network perform in Taiwan?

In Taiwan, Gogoro's (GGR) battery swapping network supports over 610,000 riders, has 1.4 million smart batteries in circulation, and has completed more than 630 million total battery swaps, avoiding over 1 million tons of CO2 emissions.

What is the current market share of electric two-wheel vehicles in Singapore for Gogoro (GGR)?

As of 2023, only 1% of registered two-wheel vehicles in Singapore were electric, indicating a strong market potential for Gogoro's (GGR) electric Smartscooters.

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