Gogoro expands to Singapore
The scooters will be available for sale in the fourth quarter, while the first battery-swapping stations, called ‘GoStations’, at Shell service stations in Singapore will be completed next month. Ahead of the official launch, Gogoro and C&C started a pilot with food and grocery delivery service foodpanda in Singapore in March to trial the scooters and battery-swapping platform.
“After working closely with Singapore’s Land Transport Authority (LTA) to secure a permit to launch our battery swapping platform in Singapore, I am pleased to announce that Gogoro is now certified to operate in Singapore. This certification is a testament to how safe, smart, reliable and eco-friendly Gogoro battery swapping is,” said Horace Luke, founder and CEO of Gogoro. “Gogoro, Cycle & Carriage and foodpanda have been participating in a pilot that has demonstrated incredible success and we look forward to transitioning to commercial operations soon. We are looking forward to providing a seamless path for riders to adopt sustainable electric transportation in Singapore.”
“While battery swapping technology and two-wheel electric vehicles are relatively new in Singapore, our partnership with Gogoro will accelerate the growth,” said Wilfrid Foo, Managing Director of Cycle & Carriage Singapore. “The positive feedback from foodpanda riders and valuable data gained from the sandbox pilot have given us confidence to commercialise Gogoro in Singapore. We believe that this is a viable green mobility solution for Singapore.”
Gogoro’s expansion has achieved considerable attention since the Taiwanese electric two-wheeler and battery swapping hit markets in 2011. On its home market Taiwan, Gogoro’s battery-swapping network includes over 12,000 stations at more than 2,500 locations. According to the company, it supports over 540,000 riders and has facilitated over 465 million total battery swaps, saving more than 650,000 tons of CO2 emissions since its launch.
In June, the company’s largest shareholder, Gold Sino Assets Limited, announced it would purchase over 32 million ordinary shares, further solidifying their partnership. This $50 million investment investment is intended to bolster Gogoro’s urban battery-swapping ecosystems and support its expansion into international markets.
Already this year, Gogoro has established a new partnership with Sumitomo Corporation and Sumitomo Mitsui Finance and Leasing in Japan and expanded its battery swapping business into Latin America.
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