Companies to launch Gogoro's Smartscooters and
battery swapping for consumers and B2B delivery riders in
Chile and Colombia in Q2 2024.
SANTIAGO, Chile, Jan. 31,
2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a
global technology leader in battery-swapping ecosystems that enable
sustainable mobility solutions for cities, today announced it was
partnering with leading Latin American energy company, Copec, to
launch its battery swapping and Smartscooters in Chile and Colombia in Q2 2024.
"Our partnership with Copec, a major Latin American energy
company, is an important milestone in our mission to transform
urban transportation around the world. Together we will provide an
accessible path for both consumer and delivery riders to adopt
sustainable urban mobility and play a key role in battling climate
change and making the world better for all," said Horace Luke, founder and CEO of Gogoro. "On
average, last mile delivery riders ride more than six-times the
distance as consumer riders, so enabling these delivery riders to
adopt smart sustainable electric transportation can have an
accelerated impact on cities."
"The implementation of Gogoro's battery swapping system in
Chile and Colombia is our first entry into two-wheel
electric mobility, which means that sustainable mobility will reach
many more segments of the population," said Arturo Natho, CEO of Copec. "The partnership
with Gogoro will allow us to extend the benefits of electrification
and generate a positive impact on people through this pioneering
service in the region."
With Gogoro, Copec is developing the first Latin American
network of battery swapping stations that it is launching at Copec
service stations in Santiago,
Chile; and, with Terpel, a Copec company's, service stations
in Bogota, Colombia.
The Gogoro Network cloud service utilizes advanced real-time
monitoring that ensures optimal Smartscooter and battery
performance and diagnostics that enable Copec and Gogoro customers
to have a safe and reliable battery swapping and ride
experience.
Gogoro Battery Swapping
At the heart of Gogoro's
ecosystem is an open and interoperable battery swapping platform
that was recognized by Guidehouse Insights in 2023 as the leading
battery swapping company for lightweight urban vehicles in the
world. Gogoro battery swapping is a new generation of swappable
battery refueling that is smart, safe, and continually optimizing
itself to be dynamic and versatile for riders, businesses, and
communities. In Taiwan, the Gogoro
Network supports nearly 600,000 riders and has more than 1.3
million smart batteries in circulation through its network of
12,000 battery swapping stations at over 2,500 locations. With more
than 450,000 daily battery swaps and more than 535 million total
battery swaps to date, Gogoro battery swapping has saved more than
900,000 tons of CO2 since it launched in 2015.
About Copec
Copec is an established energy and retail
company based in Chile, with a
presence throughout Latin America
through its subsidiary, Terpel. It currently operates more than
3,000 service stations and retail stores across Latam, which
include the largest electric charging network for EVs in
South America, with 1,800
kilometers of extension along Chile. To address the energy transition and
adopt the new trends in mobility and retail, in 2019 Copec created
Copec Wind, the company's innovation and new ventures platform.
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
and awarded by Frost & Sullivan as the "2023 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 2023, 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 https://www.gogoro.com/news and follow Gogoro on
Twitter: @wearegogoro.
Forward-Looking Statements
This communication contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements generally relate to future events or Gogoro's future
financial or operating performance. In some cases, you can
identify forward-looking statements because they contain words such
as "may," "will," "should," "expects," "plans," "anticipates,"
"going to," "could," "intends," "target," "projects,"
"contemplates," "believes," "estimates," "predicts," "potential" or
"continue" or the negative of these words or other similar terms or
expressions that concern Gogoro's expectations, strategy,
priorities, plans or intentions. Forward-looking statements
in this communication include, but are not limited to, statements
by Gogoro's founder, and chief executive officer and Arturo Natho, CEO of Copec, such as the market
opportunity and transition to electric mobility, the capability of
Gogoro's technology, the commercial partnerships and business plans
including the plans to enable the riders to adopt smart sustainable
electric transportation. Gogoro's expectations and beliefs
regarding these matters may not materialize, and actual results in
future periods are subject to risks and uncertainties that could
cause actual results to differ materially from those projected,
including risks related to the impact of the COVID-19 pandemic,
risks related to macroeconomic factors including inflation and
consumer confidence, risks related to the execution of its
commercial partner's business plans including, risks related to the
deployment of Gogoro battery swapping stations in Chile and Colombia smoothly, risks related to the
Chile and Colombia scooter markets, risks related to
political tensions, risk related to any infringement of other
companies intellectual properties including trademark or patents,
Gogoro's ability to effectively manage its growth, Gogoro's ability
to launch and ramp up the production of Gogoro battery swapping
stations and two-wheeled electric vehicles and control its
manufacturing costs and manage its supply chain issues, Gogoro's
risks related to ability to expand its sales and marketing
abilities, Gogoro's ability to develop and maintain relationships
with its partners, regulatory risks and Gogoro's risks related to
strategic collaborations or alliances including Gogoro's ability to
enter into and execute its plans related to strategic
collaborations or alliances in order for such strategic
collaborations or alliances to be successful and generate revenue,
the ability of Gogoro to be successful in the consumer and B2B
market, risks related to Gogoro's ability to achieve operational
efficiencies, the risks related to the need for Gogoro to invest
more capital in strategic collaborations or alliances. The forward
looking statements contained in this communication are also subject
to other risks and uncertainties, including those more fully
described in Gogoro's filings with the Securities and Exchange
Commission ("SEC"), including in Gogoro's Form 20-F for the year
ended December 31, 2022, which was
filed on March 31, 2023 and in its
subsequent filings with the SEC, copies of which are available on
our website and on the SEC's website at www.sec.gov. The
forward-looking statements in this communication are based on
information available to Gogoro as of the date hereof, and Gogoro
disclaims any obligation to update any forward-looking statements,
except as required by law.
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SOURCE Gogoro Inc