Gogoro decided last year to take the form of a SPAC (special purpose acquisition company), announcingMerged with Poema Global Holdingsin order to speed up the pace of listing in the United States, and in the follow-up announced that the Indian Hero MotoCorp and the American hedge fund Engine No.1Become a new partner of private equity capital increaseAfter that, it was confirmed earlier that the shareholders of Gogoro and Poema Global agreed to the merger, which is expected to be officially merged on April 4, and to obtain a cash flow of US$335 million.
After the merger of the two companies, the Gogoro brand name will be retained, and the company will be listed on the Nasdaq under the stock code “GGR”. Started trading on NASDAQ in the United States.
“This is a proud moment for the Gogoro team, our customers and partners, and an important turning point for sustainable urban mobility. Personally I would like to thank Dr Yin Yanliang for his full support of Gogoro from day one. , and his shared vision for a better, more sustainable world. We look forward to Gogoro continuing to lead the successful transition of transportation in the world’s most densely populated cities by changing the way people use and share portable energy.” Founder of Gogoro Lu Xuesen, CEO of Gogoro, said: “Gogoro is committed to accelerating the development and popularization of electric two-wheelers, and we are taking a proactive approach to support the development of an open mobility ecosystem that lays the foundation for the electric vehicle industry. As a publicly listed company, we look forward to Start a new chapter in this journey and bring our proven technology and products to every major two-wheeler market in the world.”
“Gogoro’s battery swapping technology and ability to electrify two-wheelers in cities is unrivaled, and with the funding obtained from this business combination, we expect Gogoro will have the resources to fully execute its vision and further accelerate its presence in major global markets. Expansion of the two-wheeler market.” said Homer Sun, CEO of Poema Global, “We are delighted to complete this transaction, and I look forward to continuing to work with the Horace and Gogoro teams to realize the bright future of electrified urban mobility.”
At present, Gogoro has established a fairly complete Gogoro Network energy network in the Taiwan market, and has launched many car models. At the same time, it has also formed a PGBN alliance with various car manufacturers. In addition, it has also launched the car sharing rental service GoShare, which is further extended to China and India in overseas markets. Together with Indonesia and other markets, it also announced the production of the 1 millionth Gogoro Network smart battery in February this year, and accumulated more than 275.8 million battery swaps. It is expected to continue to promote the development of the electric scooter market in the form of battery swaps.
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