The planned commercial availability follows a
successful sandbox pilot previously awarded by Singapore's Land Transport Authority.
C&C also announced it was partnering with
Shell Recharge to launch battery swapping GoStations at Shell
service stations in Singapore.
SINGAPORE,
July 17,
2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a
global technology leader in battery-swapping ecosystems that enable
sustainable mobility solutions for cities, today announced it has
been certified to launch its battery swapping and Smartscooters in
Singapore and plans to launch with
its exclusive distribution partner, Cycle & Carriage (C&C)
in Q4 2024. Cycle & Carriage (C&C) also announced a
partnership with Shell Recharge to launch battery swapping
GoStations at Shell service stations in the Singapore market.
"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 Battery-Swapping and Smartscooter Pilot
Results
Announced in March
2023, Gogoro and C&C partnered with foodpanda, a leading
food delivery platform, to trial Gogoro's Smartscooters and
battery-swapping platform to gain insights in sustainable mobility
solutions in Singapore. The pilot,
which is slated to be completed by September
2024, has received positive feedback on the performance of
the Smartscooters with high satisfaction scores for their speed,
lack of heat, silent ride, and minimal vibrations. It has also been
observed that battery swaps are quick and convenient, completed in
less than one minute. The riders are also pleased with the
all-inclusive leasing package and aftersales support offered by
C&C. On average, each rider accumulated approximately 2,200km
per month and performed up to two battery swaps per day. Each
battery swap allows the riders to travel up to 100km.
C&C also announced today that they have partnered with Shell
Recharge to launch Gogoro's battery swapping GoStations at Shell
service stations in Singapore. The
first Shell-based GoStation is slated for completion by
August 2024, and more are expected at
Shell stations across the city-state in the next two years.
Gogoro Smartscooters
C&C will be providing three
electric Smartscooter models by Q4 2024:
- Gogoro SuperSport: The flagship model that provides superior
power and sporty dynamics that are suitable for affluent
riders.
- Gogoro Premium: The stylish, everyday commute vehicle that
comes with gloss metallic body panels and seat badge.
- Gogoro Viva Mix: The cost-efficient model suitable for higher
mileage users.
Gogoro Battery Swapping
The Gogoro Network is a new
generation of swappable battery refueling that is smart, safe and
continually optimising itself to be dynamic and versatile for
riders, business, and communities. With more locations than gas
stations in Taiwan's cities, the
Gogoro Network supports more than 600,000 riders, has more than 1.4
million smart batteries in circulation through its network of
12,500 battery swapping GoStations racks at over 2,500 locations.
There are more than 400,000 daily battery swaps and more than 600
million total battery swaps to date. More than 25 percent of last
mile deliveries in Taiwan utilize
Gogoro battery swapping. Gogoro Network battery swapping has
avoided more than 1 million tons of CO2 emissions.
About Gogoro
Founded in 2011 to rethink urban energy
and inspire the world to move through cities in smarter and more
sustainable ways, Gogoro leverages the power of innovation to
change the way urban energy is distributed and consumed. Recognized
by Fast Company as "Asia-Pacific's
Most Innovative Company of 2024"; Frost & Sullivan as the "2023
Global Company of the Year for battery swapping for electric
two-wheel vehicles"; and, MIT Technology Review as one of "15
Climate Tech Companies to Watch" in 2023, Gogoro's battery swapping
and vehicle platforms offer a smart, proven, and sustainable
long-term ecosystem for delivering a new approach to urban
mobility. Gogoro has quickly become an innovation leader in vehicle
design and electric propulsion, smart battery design, battery
swapping, and advanced cloud services that utilize artificial
intelligence to manage battery charging and availability. The
challenge is massive, but the opportunity to disrupt the status
quo, establish new standards, and achieve new levels of sustainable
transportation growth in densely populated cities is even greater.
For more information, visit www.gogoro.com/news and follow Gogoro
on Twitter: @wearegogoro.
About Cycle & Carriage
At Cycle & Carriage, we
are passionate about creating people-focused experiences and
exceptional journeys. Founded in 1899 in Kuala Lumpur, we are now a leading regional
automotive group in Southeast
Asia. Cycle & Carriage distributes, retails, and
provides aftersales services for passenger cars as well as
commercial vehicles in Singapore,
Malaysia and Myanmar. Cycle & Carriage is a member of
the Jardine Cycle & Carriage Group.
From passenger cars and commercial vehicles to used cars, Cycle
& Carriage Singapore is one of the most diversified automotive
groups in the country. With a network of six showrooms and service
centers, and representing world-class brands such as Mercedes-Benz,
Mitsubishi, Kia, Citroën, DS Automobiles, Maxus, ORA, smart, and
used car arm, Republic Auto, we are committed to support our
customers at every step of the way. At Cycle & Carriage
Singapore, we are also dedicated to enable our people to follow
their best paths. We have been one of HR Asia's 'Best Companies to
Work For' since 2015.
Cycle & Carriage Singapore:
www.cyclecarriage.com.sg
FORWARD-LOOKING STATEMENTS
This communication contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements generally relate to future events or Gogoro's future
performance. In some cases, you can identify forward-looking
statements because they contain words such as "may," "will,"
"should," "expects," "plans," "anticipates," "going to," "could,"
"intends," "target," "projects," "contemplates," "believes,"
"estimates," "predicts," "potential" or "continue" or the negative
of these words or other similar terms or expressions that concern
Gogoro's expectations, strategy, priorities, plans or intentions.
Forward-looking statements in this communication include, but are
not limited to, statements about the potential partnership that
Gogoro may be able to establish with Sumitomo Corporation and SMFL,
including statements made by Gogoro's founder, chairman, and chief
executive officer and Gogoro's chief financial officer.
Gogoro's expectations and beliefs regarding these matters may
not materialize, and actual results in future periods are subject
to risks and uncertainties that could cause actual results to
differ materially from those expected as of the date hereof,
including risks related to the parties' potential failure to enter
into a legal binding and definitive agreement with respect to the
partnership, the success of such partnership, the parties' ability
to achieve their respective goals as mentioned above under such
partnership and the parties' ability to achieve such goals in a
timely manner. The forward looking statements contained in this
communication are also subject to other risks and uncertainties,
including those more fully described in Gogoro's filings with the
Securities and Exchange Commission ("SEC"), including in Gogoro's
Form 20-F for the year ended December 31,
2023, which was filed on March 29,
2024 and in its subsequent filings with the SEC, copies of
which are available on the SEC's website at www.sec.gov. The
forward-looking statements in this communication are based on
information available to Gogoro as of the date hereof, and Gogoro
disclaims any obligation to update any forward-looking statements,
except as required by law.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/gogoro-announces-exclusive-distribution-partnership-with-cycle--carriage-in-singapore-plans-for-commercial-battery-swapping-and-smartscooter-availability-in-q4-2024-302198975.html
SOURCE Gogoro