Gogoro opens battery swapping network in
Delhi and Goa with plans to expand to
Mumbai and Pune Maharashtra in
the first half of 2024.
Gogoro introduces Gogoro CrossOver GX250,
CrossOver 50 and CrossOver S.
DELHI, India, Dec. 12, 2023 /PRNewswire/ -- Gogoro Inc.
(Nasdaq: GGR), a global technology leader in battery-swapping
ecosystems that enable sustainable mobility solutions for cities,
today announced the immediate availability of its battery swapping
ecosystem and Smartscooters in India. The company also unveiled its first
India-made Smartscooter, the
CrossOver GX250.
Gogoro Launches Battery Swapping Ecosystem
in India and Unveils India-made
CrossOver Smartscooter
Initially available to B2B customers in Delhi and Goa, the company plans to roll out in
Mumbai and Pune in the first half of 2024, with consumer
availability in the second quarter of 2024.
"We are at the cusp of a dramatic change in the global urban
transportation landscape, and with its more than 250 million mopeds
and motorcycles India is well
positioned to lead the shift to sustainable consumer and B2B
transportation," said Horace
Luke, founder and CEO of Gogoro. "The Gogoro CrossOver
series embodies everything our brand has come to stand for and the
new made-in-India CrossOver GX250 is optimized for riders in
India with more seating space,
greater storage and better ground clearance."
Gogoro CrossOver Series
The CrossOver series is built
on a redesigned all-terrain frame that enables increased rigidity
and comfort while offering a variety of storage, riding and
customization capabilities. The CrossOver will be available in
India in three models, the
CrossOver GX250, CrossOver 50 and CrossOver S. The CrossOver GX250
is immediately available today with the CrossOver 50 and CrossOver
S shipping later in 2024.
CrossOver GX250
Manufactured in Maharashtra India, the
CrossOver GX250 is Gogoro's first India-made Smartscooter. The CrossOver GX250
captures the best of Gogoro's new CrossOver Smartscooters while
integrating India-specific
features that Gogoro pilot riders in India requested.
New All-Terrain Chassis
Optimized for
various road conditions, the CrossOver GX250 adopts a newly
developed all-terrain frame that provides increased rigidity for
improved strength and stability. The new frame also provides 176mm
of ground clearance, the highest in Gogoro's current vehicle
lineup.
Performance and Easy Control
CrossOver
GX250 utilizes a 2.5 kW Direct Drive that provides a top speed of
60+kph and a certified range of 111km. The CrossOver GX250's new
frame design greatly increases the durability of the suspension
system and accommodates larger loads while emphasizing comfort and
stability.
Flexible Cargo Capacity
Designed to
adapt to various riding scenarios, the CrossOver GX250 provides
passenger riding space as well as ample storage options with a new
mounting point expansion system that includes 26 locking points.
With the ability to leverage four cargo areas including a platform
design headlight, foot, seat and rear cargo space, the CrossOver
GX250 can easily accommodate most storage needs. To carry more, the
rear seat can be flipped up or removed to add cargo storage as
needed.
In August, India's
International Centre for Automotive Technology (ICAT) certified the
CrossOver GX250 for India. In
November, Gogoro became the first foreign two-wheel OEM to be
recognized by the Small Industries Development Bank of India (SIDBI) that entitled the CrossOver
GX250 for its EV financing programs.
"Gogoro was uniquely created to introduce a mass market shift to
sustainable energy in densely populated cities by establishing an
intelligent battery swapping ecosystem for vehicle refueling that
is safe, scalable and open. There has been significant demand in
India for Gogoro battery swapping,
Smartscooters and technologies and we are excited to be launching
commercially with a variety of partners," said Luke. "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 a city."
Commercial Partnerships
As more and more businesses in
India embrace the need for
sustainable transportation they require new mobility solutions for
logistics, delivery fleets and taxi services that not only achieve
the best alternative to gas-powered vehicles but are well suited to
the specific market and industry needs in India. Gogoro offers swap & go battery
swapping in seconds that is safe, reliable, and always available,
while tethered electric charging still requires dedicated parking
and charge time that reduces rider availability and income. Gogoro
is working with a variety of partners in the region across three
core business categories.
Businesses and Fleet Operators - Gogoro
continues to work with large and small partners to enable
sustainable delivery companies, such as Zypp Electric and logistics
fleets and taxi services using Gogoro battery swapping and
Smartscooters, including those transitioning from traditional ICE
vehicles.
Mobility-as-a-Service (MaaS) -
Gogoro is working with partners, like FutureEV, to enable new
sustainable business opportunities including the use of Gogoro's
GoShare platform that enables fractional and shared
mobility-as-a-service deployments.
Turnkey Solution - Gogoro works with
business partners, to deploy a complete battery swapping ecosystem
and Smartscooters that are made in India to new domestic and international
markets like Nebula Energy in Nepal.
About Zypp Electric - Zypp Electric and Gogoro are
continuing their long-term partnership that began with a successful
B2B partnership and is continuing with Gogoro's integration into
Zypp Electric's fleet program.
About FutureEV - FutureEV is launching a scooter
sharing service in the Indian tourist city of Goa exclusively using Gogoro battery swapping
and Smartscooters. The company will begin a pilot on Dec 25, 2023, with a commercial launch expected
in the first quarter of 2024. Goa
is ranked 15th in the world in vehicle density and with more than
8.5 million tourists annually it will be mandatory that all new
tourist vehicles, rent-a-cab and rent-a-bike, be electric from
January 2024.
About Nebula Energy, a subsidiary of MG
Group (Nepal) - Gogoro is
also partnering with Nebula Energy to roll out battery swapping and
Smartscooters in Nepal. Nebula
Energy is a wholly owned subsidiary of MG Group, a new energy
venture committed to leading the way towards an environmentally
sustainable and energy independent Nepal.
Gogoro Battery Swapping
At the heart of Gogoro's
ecosystem is an open and interoperable battery swapping platform
that was recognized earlier this year by Guidehouse Insights 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 July, India's
International Centre for Automotive Technology (ICAT) certified
Gogoro's Smart Battery for India.
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 400,000
daily battery swaps and more than 510 million total battery swaps
to date, Gogoro battery swapping has saved more than 785,000 tons
of CO2 since it launched in 2015.
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 availability and safety. 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, such as the
market opportunity and transition to electric mobility, the
capability of Gogoro's technology, the commercial partnerships and
Gogoro's business plans including its plans to deploy Gogoro
battery swapping stations and sell Gogoro two-wheeled electric
vehicles in India. 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 partners' business plans including their business plans
to incentivize its drivers to purchase Gogoro two-wheeled electric
vehicles or to purchase by themselves Gogoro two-wheeled electric
vehicles or to deploy Gogoro two-wheeled electric vehicles, risks
related to the India scooter
market, 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 expand effectively into
India market, foreign exchange
fluctuations, Gogoro's ability to develop and maintain
relationships with its partners, risks related to operating in
India market, regulatory risks and
Gogoro's risks related to strategic collaborations, risks related
to India market, 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/gogoro-launches-battery-swapping-ecosystem-in-india-and-unveils-india-made-crossover-smartscooter-302012539.html
SOURCE Gogoro
