Electric cars

EV Battery Swap Leader Gogoro Announces NASDAQ Listing Date

EV Battery Swap Leader Gogoro Announces NASDAQ Listing Date

Gogoro, known as the de facto standard for interchangeable electric vehicle batteries as well as the maker of leading high-speed electric scooters, has just announced a final date for its public listing on the Nasdaq stock exchange.

Through a SPAC merger with Poema Global Holdings Corp (PPGH), Gogoro will officially enter Nasdaq on April 5, 2022, under the symbol GGR.

Electrek originally announced the news of the first announcement of the imminent merger of SPAC with Poema last September.

Gogoro has now confirmed Electrek that the completion of the merger was approved at an extraordinary general meeting of Poema Global today and is expected to be officially closed on April 4, 2022.

According to the two companies, the combined company will retain the Gogoro name, and its shares and warrants are expected to begin trading on the Nasdaq Global Select Market under the symbols “GGR” and “GGROW”, respectively, on April 5, 2022.

As Gogoro founder and CEO Horace Luke explained:

It is a proud moment for the Gogoro team, our customers and our partners, and an important milestone for sustainable urban mobility. I would like to personally thank Dr. Samuel Yin for his support from day one and his shared vision for a better and more sustainable world. We expect Gogoro to continue transforming urban mobility in the world’s most densely populated cities by changing the way people use and share portable power.

Gogoro is committed to accelerating the growth and adoption of two-wheeled electric vehicles, and we are taking a proactive approach to supporting the development of an open mobility ecosystem that establishes a foundation for electric urban fueling. We look forward to embarking on the next chapter of our journey as a publicly traded company and bringing our proven technologies and offerings to the world’s largest two-wheeler markets.

Gogoro has been making headlines left and right this year with a slew of product developments and expansion news.

Recently released company news millionth exchangeable battery rolling on its production line, Gogoro also unveiled the world’s first solid state exchangeable electric vehicle battery last month.

While there are many interchangeable electric vehicle platforms, Gogoro’s is widely considered the de facto standard due to its early market entry, widespread adoption by third-party OEMs, and ease of use of the company’s exchange system.

The iconic green batteries carry approximately 1.7kWh each and are widely used by dozens of unique electric motorcycles and scooters.

Gogoro’s network of GoStations allows riders to easily roll up and swap out a depleted battery with a freshly charged one in seconds, eliminating the hassle and wait time associated with conventional electric vehicle charging. GoStations and their stored batteries can even be used to provide backup power to local neighborhoods during emergency outages, and also continue to feed so riders can swap out batteries for several days during major power outages.

Gogoro also supplies its batteries and transmissions to partner companies like Yamaha, which builds its own electric vehicles around the Gogoro platform to accelerate the development of new electric vehicles. Multiple batteries are used in larger vehicles to provide more battery capacity and power.

At Gogoro Indoor Market in Taiwan, about 97% of all electric scooters on the road are powered by Gogoro technology.

The company has recently expanded into the largest motorcycle markets in the world, including China, India and Indonesia, in a bid to see its popular technology spread even further.

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