Gogoro Inc Stock Price, News & Analysis

Gogoro Inc. (Nasdaq: GGR) has launched its battery swapping system and Smartscooters in the Tel Aviv Metro area, in partnership with Metro Motor and Paz Group. They plan to deploy 35 battery swapping locations by the end of 2022, expanding to over 150 stations in the next four years. The initiative aims to improve urban mobility and promote sustainable transportation. Gogoro's Smartscooters feature advanced technology, including a water-cooled motor and smart app integration. This launch marks a significant step in the Israeli transportation industry, aligning with goals for greener mobility options.

Gogoro Inc. (Nasdaq: GGR) has received approval from Singapore's Land Transport Authority to launch a sandbox pilot for its battery swapping system, partnering with Jardine Cycle & Carriage. This initiative aims to promote sustainable urban mobility solutions by deploying Gogoro's electric scooters and battery swapping infrastructure in Singapore. The program aligns with Singapore's Green Plan 2030, targeting eco-friendly alternatives for logistics and delivery fleets. With over 92% market share in Taiwan’s battery swapping market, Gogoro is positioned to expand its innovative solutions across Southeast Asia.

Gogoro (Nasdaq: GGR) collaborates with TSMC and Taichung City to introduce GoShare, an electric mobility sharing service aimed at enhancing sustainable transportation for nearly 3 million residents in Taichung, Taiwan. The initiative includes 24/7 access to Gogoro Smartscooters, exclusive coupons for 50,000 students, and discounts for 60,000 TSMC employees. This partnership reflects a commitment to reducing carbon footprints and advancing urban mobility solutions, establishing a model for sustainability in Taiwan and Asia.

Gogoro has surpassed 500,000 monthly battery swapping subscribers in Taiwan, a significant milestone since the launch of its battery swapping network and Smartscooter in 2015. With over 325 million battery swaps executed and a daily average of 340,000 swaps, Gogoro maintains a commanding 92% market share in Taiwan's electric two-wheel vehicle market. The company's ecosystem supports ten vehicle manufacturers and has over 2,240 battery swapping locations, showcasing the effectiveness of its innovative battery swapping technology.

Gogoro Inc. (Nasdaq: GGR) reported its second-quarter results for 2022, achieving a revenue of $90.7 million, which is a 5.3% increase year-over-year, despite COVID impacts. Gogoro Network revenue rose 29.1% to $30.4 million, driven by a growing subscriber base now exceeding 484,000. However, the net loss surged to $121.1 million, primarily due to a one-time $178.8 million SPAC merger expense. Gross margin improved to 14.0%, showcasing operational efficiency. The company adjusted its 2022 revenue guidance to $380 million to $410 million amid ongoing market challenges.

Gogoro Inc. (Nasdaq: GGR) will release its financial results for Q2 2022 on August 11, 2022, before markets open. A management webcast will follow at 8:00 a.m. Eastern Time to discuss financial and business results, including outlook. Gogoro is a leader in battery swapping ecosystems for sustainable urban mobility, founded in 2011. Their innovative solutions aim to transform urban energy distribution and consumption, supporting smarter transportation methods. For more details, visit their website.

Gogoro Inc. (Nasdaq: GGR) reported record first-quarter revenue of $94.5 million, a 61% year-over-year increase. Hardware sales reached $65.1 million (up 87.1%), while Gogoro Network revenue was $29.4 million (up 23%). The subscriber base grew to over 467,000, a 25.2% annual growth. Despite a net loss of $21.7 million, adjusted EBITDA rose 124.1% to $13.5 million. The company expects full-year revenue of $460 million to $500 million, marking a 25.7% to 36.6% increase compared to 2021.

Gogoro Inc. (GGR) has partnered with Metro Motor and Paz Group to introduce a battery swapping ecosystem in the Tel Aviv metro area and beyond this summer. This initiative aims to facilitate sustainable urban mobility through Gogoro's innovative Smartscooters and battery swapping technology. Currently managing over 350,000 battery swaps daily, Gogoro has completed more than 275 million total swaps since 2015. The collaboration seeks to enhance Gogoro's market presence in Israel, capitalizing on the growing electric two-wheeler market.

Gogoro Inc. (Nasdaq: GGR) reported its full year 2021 financial results, achieving Revenue of $366.0 million, surpassing its guidance by $39.0 million (+11.9%) and increasing by $1.9 million (0.5%) year-over-year. The company also reported over 450,000 subscribers in Taiwan as of December 31, 2021, marking a growth of 23.5% from the previous year. Gogoro focuses on innovative battery swapping technology to promote sustainable urban mobility.