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Gogoro Inc. (Nasdaq: GGR) is a pioneering company focused on overcoming the barriers to electric fuel adoption and enabling urban riders to easily access swappable electric power. Founded in 2011, Gogoro has developed a sophisticated battery swapping technology that integrates a comprehensive ecosystem of hardware, software, and services. This ecosystem includes Gogoro Smart Batteries, GoStations, Gogoro Network Software & Battery Management Systems, Smartscooters, and related components and kits.
With its headquarters in Taiwan, Gogoro generates the majority of its revenue from the Taiwanese market but also has a growing presence in other countries. The company aims to revolutionize urban mobility by providing sustainable, smart, and convenient battery swapping solutions. Recognized for its innovation, Gogoro has received accolades like
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Gogoro Inc. (Nasdaq: GGR) launches battery swapping ecosystem in India, introducing the CrossOver GX250, CrossOver 50, and CrossOver S. The company plans to expand to Mumbai and Pune Maharashtra in the first half of 2024. The India-made CrossOver GX250 offers increased seating space, storage, and ground clearance, catering to the Indian market.
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Gogoro Inc. (Nasdaq: GGR) announced the commercial launch of its Smartscooters and battery swapping ecosystem in Manila, Philippines. The partnership with Ayala, Globe, and 917Ventures aims to address sustainability and transportation challenges in the country. Gogoro's battery swapping system in Taiwan has saved over 770,000 tons of CO2, making it a significant contributor to sustainable mobility solutions.
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Gogoro Inc. (Nasdaq: GGR) has been recognized by the Small Industries Development Bank of India (SIDBI) as an empaneled OEM, making its registered vehicles eligible for SIDBI's EV financing programs. This recognition comes as part of SIDBI's '50K-EV4ECO' mission to foster electric vehicle adoption across India. Gogoro aims to facilitate and accelerate the adoption of electric vehicles (EVs) in India through this collaboration.
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Gogoro Inc. (Nasdaq: GGR) released its Q3 2023 financial results, reporting a revenue of $91.8 million, a 10.2% YoY decrease. Despite this, battery swapping service revenue increased by 10.4% YoY. The company's gross margin improved to 18.3%, and adjusted EBITDA was $13.1 million, up from $9.2 million in the same quarter last year. Gogoro plans to launch commercially in India and the Philippines by the end of the year and introduce new innovative Smartscooters in 2024.
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Gogoro Inc. (Nasdaq: GGR) announced the integration of Apple Find My Network into specific new Smartscooters® in Taiwan, allowing riders to lock, unlock, and start their vehicles with their iPhone or Apple Watch. The Scooter Key in Apple Wallet feature delivers enhanced convenience and security, with plans to expand to over 300,000 existing Smartscooter® customers.
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Gogoro Inc. has signed a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Ltd. (HPCL) to rollout thousands of battery swapping stations across HPCL's retail outlets in India. This partnership aims to develop a broad battery swapping infrastructure for two-wheel vehicles to support India's electric vehicle ecosystem.
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Gogoro Inc. will release its financial results for Q3 2023 on November 16th, 2023. The management team will hold an earnings webcast to discuss the company's financial and business results.
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Gogoro is participating in the MIH Consortium Showcase at the Japan Mobility Show, where it will demonstrate its battery swapping technology and showcase new products.
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Gogoro Inc. introduces the Gogoro CrossOver Smartscooter, the first two-wheel SUV. It features a redesigned all-terrain frame, customizable functions, and ample storage options. The CrossOver will be available in Taiwan later this quarter in two models: CrossOver and CrossOver S.
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Gogoro Inc. has been recognized by MIT Technology Review as one of fifteen climate tech companies to watch. Gogoro's battery swapping ecosystems can speed up the move to electrified vehicles and reduce the load on the grid. With nearly 13,000 battery swapping stations and 400,000 daily battery swaps, Gogoro is transforming urban two-wheel transportation to smart electric power.
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FAQ
What is the current stock price of Gogoro Ordinary Shares (GGR)?
The current stock price of Gogoro Ordinary Shares (GGR) is $0.4131 as of January 29, 2025.
What is the market cap of Gogoro Ordinary Shares (GGR)?
The market cap of Gogoro Ordinary Shares (GGR) is approximately 126.8M.
Gogoro Inc. Ordinary Shares
Nasdaq:GGR
GGR Rankings
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126.82M
161.90M
39.41%
9.49%
0.99%
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