Gogoro Inc Stock Price, News & Analysis

Gogoro Inc. (Nasdaq: GGR) will release its Q1 2023 financial results on May 11, 2023, before market opening. A live earnings webcast is scheduled for the same day at 8:00 a.m. Eastern Time, where the management team will discuss the financial and business outlook. Recognized as the 2023 Global Company of the Year for battery swapping for electric two-wheel vehicles by Frost & Sullivan, Gogoro is a leader in sustainable urban mobility solutions, specializing in battery swapping ecosystems. The company aims to revolutionize urban energy distribution and consumption, focusing on innovative designs and advanced cloud services to enhance battery availability and safety.

Gogoro, a leader in battery-swapping ecosystems, along with Globe Group's 917Ventures and Ayala Corporation, has introduced Gogoro Smartscooters and a battery-swapping pilot program in Metro Manila, aimed to enhance sustainable mobility in the Philippines. This initiative is set for public availability in Q4 2023, addressing the rising transportation costs and carbon emissions from traditional fuel vehicles. The launch represents Gogoro's entry into the Philippine market, building on its success in Taiwan where it boasts 540,000 riders and a network of over 12,000 battery-swapping stations. Key figures include over 450 million battery swaps and 627,000 tons of CO2 saved to date. The collaboration emphasizes innovation in urban transportation, supported by government initiatives for electric vehicles.

Gogoro Inc. (Nasdaq: GGR) has announced the world's first commercial deployment of battery swapping technology in collaboration with Enel X, establishing 2,500 battery swapping stations across 1,000 locations in Taiwan's Virtual Power Plant (VPP). This initiative, which follows a successful pilot in 2022, aims to support Taiwan's renewable energy transition. Currently, nearly 1,300 GoStations have been deployed, with plans for an additional 1,200 by mid-2023. The Gogoro Network will temporarily reduce energy usage or return energy to the grid as needed, enhancing grid efficiency. This partnership positions Gogoro to diversify its revenue and reinforces its role in Taiwan's energy market, as forecasted opportunities in electricity sharing could reach tens of billions of New Taiwan Dollars.

Gogoro (NASDAQ: GGR) has announced a pioneering partnership with Zomato and Kotak Mahindra Prime Limited to facilitate electric vehicle adoption among delivery partners in India. This initiative offers favorable loan terms to enable access to electric two-wheelers, aligning with the Indian government's push for sustainable transportation. Zomato, with over 300,000 delivery partners, aims for 100% EV-based deliveries by 2030. The partnership leverages Gogoro's battery swapping technology to enhance operational efficiency and reduce delivery times. This collaboration represents a significant stride towards sustainable urban mobility in India.

Gogoro announces a groundbreaking partnership with Cycle & Carriage Singapore and foodpanda to implement a battery swapping pilot for electric two-wheel vehicles in Singapore. This initiative aims to enhance sustainable mobility for last-mile deliveries, aligning with Singapore's Green Plan 2030. The pilot, utilizing Gogoro's Swap & Go technology, focuses on improving delivery efficiency while reducing reliance on gas-powered vehicles. With insights from the pilot, Gogoro aims to expand its electric vehicles and battery swapping stations, fostering eco-friendly transportation solutions in urban settings.

Gogoro Inc. (NASDAQ: GGR) has released its inaugural Impact Report, detailing its advancements in sustainability and ESG initiatives. The report emphasizes four strategic areas: Cleaner Planet, Safety & Resilience, Responsible Business, and Social Impact. With nearly 2 million customers and 400 million battery swaps, Gogoro showcases significant achievements, including a reduction of 603 million kilograms of CO2 emissions and the creation of 3,000+ green jobs. The company is committed to increasing its use of renewable energy, aiming for 100% sustainability in operations. For more details, the full report is accessible online.

Gogoro Inc. (Nasdaq: GGR) reported its Q4 and full year results for 2022, revealing a quarterly revenue of $95.5 million, a decline of 20.8% year-over-year. Full year revenue increased 4.6% to $382.8 million. Q4 network revenue rose 19.5% to $31.4 million, while net loss narrowed to $12.5 million. The company aims for 2023 revenue between $400 million and $450 million, highlighting the growth potential from key international partnerships. Gogoro's liquidity is strong, with a cash position of $236.1 million and an extended credit facility.