The partnership in Taiwan began earlier this year and offered
Uber Eats couriers discounted Gogoro Smartscooters and battery
swapping pricing as well as Uber Eats incentives for
adopting clean modes of deliveries.
TAIPEI,
Taiwan, Dec. 18, 2023 /PRNewswire/ -- Gogoro Inc.
(Nasdaq: GGR), a global technology leader in battery-swapping
ecosystems that enable sustainable mobility solutions for cities
and Uber Eats Taiwan, today announced a Green Delivery Program that
will make it easier and more affordable for Uber Eats delivery
partners to switch to electric scooters.
Uber Eats Teams Up with Gogoro in
Taiwan for Green Delivery Program
Worth Nearly $30M
The two-year partnership is worth close to US$30 million and is being funded by both
companies. Delivery partners will receive discounts on new Gogoro
Smartscooters and battery swapping programs, and be given
incentives for deliveries on Gogoro Smartscooters. Through the
program, Uber Eats expects EV deliveries in Taiwan to double from nearly 20% to 40% of all
trips by the end of 2025.
"One of the greatest challenges of our time is transforming
urban transportation to cleaner sustainable energy. Through this
partnership in Taiwan, Gogoro and
Uber are reducing the barriers for Uber Eats riders to embrace and
adopt smart mobility in all of their deliveries," 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 a city."
"Making it easy and affordable for delivery partners to switch
to electric scooters is a top priority for Uber Eats in
Taiwan," said Chai Lee, Uber Eats Taiwan General
Manager. "We have already seen how Uber Eats delivery
partners have embraced Gogoro's EV scooters and smart
battery-swapping technology. Today's agreement stands to
supercharge this, bringing cleaner air to cities across
Taiwan and helping us toward our
goal of eliminating emissions on all global deliveries by
2040."
The program represents a deepening of Gogoro's and Uber Eats'
shared commitment to a greener future for Taiwan. Earlier this year, both companies
announced discounted pricing that was widely and quickly adopted by
delivery partners.
Accelerating Two-Wheel EV Adoption
Gogoro's research
indicates that the adoption of two-wheel EVs is already making a
meaningful difference. Two and three wheelers are widely used for
daily commutes and deliveries in most megacities, especially in
Asia and Africa. The adoption of two- and three-wheel
electric vehicles is already making meaningful progress as the oil
displacement from two- and three-wheel EVs is approximately five
times that of four-wheel passenger EVs. Due to a combination of
policy support, growing customer acceptance, improvement in battery
technology and new compelling models from vehicle makers, we expect
the adoption of two- and three-wheel EVs will continue to
accelerate.
About 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 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 Uber Eats
Uber Eats is an on-demand delivery app
and website that helps bring millions of people around the world
the things they want, at the tap of a button. We partner with over
900,000 restaurants and merchants in more than 11,000 cities across
six continents. From specialty local favorites to national brand
names, groceries to household essentials and more, Uber Eats has
what you want when you want it.
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 and Uber Eats Taiwan General
Manager, 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 the plans to
enable the delivery 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 its business plans to incentivize its drivers to
purchase Gogoro two-wheeled electric vehicles or to use battery
swapping service, risks related to the Taiwan 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 develop and maintain relationships
with its partners, risks related to operating in Taiwan market, 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