Gogoro

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Gogoro
TypeVenture backed, Private
IndustrySustainable Urban Transportation and Energy Refueling
Founded2011; 11 years ago (2011)
FoundersHorace Luke
Matt Taylor
Headquarters
Taoyuan
,
Taiwan
Key people
Horace Luke CEO
ProductsGogoro Network
Gogoro Smartscooter
Number of employees
2400
Websitegogoro.com

Gogoro is a Taiwanese company that developed a battery-swapping refueling platform for urban electric two-wheel scooters, mopeds and motorcycles. It also develops its own line of electric Smartscooters and offers its own vehicle innovations to vehicle maker partners like Hero, Yamaha, Aeonmotor, PGO, eReady and eMOVING.[1]

On April 21, 2021, Gogoro announced a strategic partnership with the world's top two-wheel vehicle maker, Hero MotoCorp, to rollout its Gogoro Network battery swapping in India.[2]

In December 2020, analyst firm Frost & Sullivan recognized Gogoro as the, '2020 Global Company of the Year Award for the Swappable Battery Electric Scooter Market.' [3]

Gogoro was founded in 2011 by Horace Luke and Matt Taylor.[4] In its year of inception, Gogoro secured $50 million in seed funding from Dr. Samuel Yin of Ruentex Group and Cher Wang.[5] In October 2014, Gogoro raised an additional $100 million in Series B funding from a collection of investors.[6] In November 2015, Gogoro announced a $30 million round of investment from Panasonic and Taiwan's National Development Fund.[7] In September 2017, Gogoro announced a $300 million Series C round of investment from Singapore's Temasek, Generation Investment Management, co-founded by Al Gore, Japan's Sumitomo Corporation, and French utility Engie, increasing the Smartscooter innovator's capital up to US $480 million.[8]

Gogoro Smartscooter, the first consumer product from Gogoro, was revealed at the Consumer Electronics Show (CES) in Las Vegas in January 2015. Along with the scooter, Gogoro announced a battery-swapping network under the name Gogoro Energy Network.[9]

Gogoro Network[10][edit]

The Gogoro Network is a modular battery swapping infrastructure designed to be deployed in cities for electric refueling of two wheel vehicles like scooters, mopeds and motorcycles. Riders would be able to swap out depleted batteries at a network of kiosks called GoStations for a monthly subscription fee.[11] According to Gogoro, as of April 2021 in its pilot market of Taiwan, Gogoro Network had 370,000 riders and managed more than 175 million battery swaps, 265,000 per day, through its 2,000 GoStations.[12]

The Gogoro Smartscooter was the first vehicle to be integrated into the Gogoro Network in 2015.[13]

The network also includes the Powered by Gogoro Network program through which other manufacturers of electric motor scooters can build scooters which utilize the Gogoro Network infrastructure. As of April 2021, Gogoro has seven vehicle maker partners including Hero, Yamaha, Aeonmotor, PGO, eReady, eMOVING and Gogoro.[1]

Israel is one of the first markets outside of Taiwan which Gogoro has explored.[14]

Gogoro Network in Taiwan[edit]

In July 2015, Gogoro Smartscooter was launched in Taiwan, a country with the highest scooter density in the world.[15] By the end of the same year, more than 4,000 Smartscooters were sold and its market share in Taiwan's electric scooter market hit 33.94%.[16] According to Gogoro, in 2016 the company had a GoStation less than every 1.3 kilometers in Taipei.[17]

In February 2021 the network consisted of 1,959 GoStations and more than 764,000 battery packs. 66 of the GoStations in 2021 were Super GoStations which were larger than regular GoStations with the ability to service up to 1,000 riders a day.[18]

Products[edit]

Gogoro 1 Smartscooter[edit]

Released in 2015. The Gogoro Smartscooter is an electric scooter designed for urban transportation. It is powered by an electric motor developed by Gogoro, which is marketed as the G1 Aluminum Liquid Cooled Permanent Magnet Synchronous Motor.[19] Instead of plugging into an outlet to recharge, the Smartscooter runs on swappable Panasonic lithium ion 18650 batteries.[20]

Gogoro 2 Smartscooter[edit]

Released in 2017. The second model of Gogoro. The company states the following figures for the Smartscooter based on internal testing:[21] The Smartscooter's sensors collect information such as speed, battery level, consumption rate, system failures, and scooter falls. This information is presented to riders via Gogoro mobile apps.[22]

Gogoro Viva[edit]

In September 2019, Gogoro unveiled the Viva Smartscooter, a smaller electric scooter that provided a smaller option for customers.[23]

Partners[edit]

Gogoro has announced the following strategic partnerships:

  • Hero MotoCorp: on April 21, 2021, Gogoro announced a strategic partnership with the world's top two-wheel vehicle maker, Hero MotoCorp, to rollout its battery Gogoro Network battery swapping in India.
  • Coup Mobility GmbH: an electric scooter sharing service using Gogoro scooters that operated in Berlin, Tübingen, Paris and Madrid between 2016 nd 2020 but was closed for economic reasons.[24]
  • Tier Mobility GmbH: electric scooter sharing service operating in Berlin, Cologne, Munich and Hamburg.[25] Tier acquired the assets of Coup in early-2020.[26]
  • Ride Go Share: electric scooter sharing service in Okinawa, Japan[27]
  • Carbon belts: developed in partnership with Gates
  • Performance tires: developed in partnership with Maxxis
  • Battery cells: developed in partnership with Panasonic[20]

See also[edit]

References[edit]

  1. ^ a b Toll, Micah (29 November 2020). "Gogoro expands electric scooter dominance with yet another vehicle partnership". electrek.co. Electrek. Retrieved 14 February 2021.
  2. ^ "Hero MotoCorp Taps Taiwan's Gogoro in Shift to Electric". Bloomberg.com. 2021-04-21. Retrieved 2021-05-12.
  3. ^ "Frost & Sullivan recognizes Gogoro with 2020 global company of the year". Frost & Sullivan. 2020-12-16. Retrieved 2021-05-12.
  4. ^ "About Gogoro". www.gogoro.com. Gogoro Inc. Retrieved 19 January 2015.
  5. ^ Cheng, Roger. "Ex-HTCers bring their design chops to electric Smartscooter". Roadshow.
  6. ^ Lorenz, Taylor (5 January 2015). "Mysterious Startup Gogoro Quietly Raises $150 Million For An Electric Scooter You'll Never Have To Plug In". Business Insider. Retrieved 19 January 2015.
  7. ^ "Electric Scooter Maker Gogoro Expands To Europe, Closes $130 Million Investment". Forbes. Retrieved 2015-11-20.
  8. ^ "Temasek Leads $300 Million Investment in Electric Scooter Maker". Bloomberg.com. 19 September 2017. Retrieved 2017-09-20.
  9. ^ Fried, Ina (5 January 2015). "Well-Heeled Gogoro Unveils Plan to Cover Cities With Scooters and Battery-Swapping Kiosks". Re/code. Revere Digital LLC. Retrieved 26 March 2015.
  10. ^ "Gogoro Network® Battery Swapping Platform". Gogoro. Retrieved 2021-05-12.
  11. ^ Ward-Bailey, Jeff (5 January 2015). "CES 2015: Gogoro unveils smart scooter". The Christian Science Monitor. Retrieved 25 March 2015.
  12. ^ O'Kane, Sean (2021-04-21). "Gogoro is bringing its electric scooter and battery tech to India". The Verge. Retrieved 2021-05-12.
  13. ^ "Gogoro® Ignites Smart City Transformation with Launch of World's First Smartscooter™ and Battery Swapping Infrastructure". Gogoro.com. Gogoro. Archived from the original on 2015-01-09.
  14. ^ Toll, Micah (January 2020). "As Gogoro expands globally, will its popular battery swap stations follow?". electrek.co. Electrek. Retrieved 14 February 2021.
  15. ^ Moura, Nelson. "Why Aren't Electric Scooters Taking Off in Taiwan?". VR World. Retrieved 2016-02-19.
  16. ^ 經濟部工業局 (2008-05-19). "電動機車產業網--車輛維修資訊". www.lev.org.tw. Retrieved 2016-02-19.
  17. ^ "Gogoro Smartscooter sales hit a new high this month - Taipei Times". www.taipeitimes.com. 29 December 2015. Retrieved 2016-02-19.
  18. ^ Chang, Eric (12 February 2021). "Taiwan's Gogoro Network powered through innovative solutions". www.taiwannews.com.tw. Taiwan News. Retrieved 14 February 2021.
  19. ^ Wilson, Byron. "Gogoro Smartscooter First Look". Motorcycle USA. Motorcycle USA. Retrieved 26 March 2015.
  20. ^ a b "Gogoro® Ignites Smart City Transformation with Launch of World's First Smartscooter™ and Battery Swapping Infrastructure". Gogoro.com. Retrieved 19 January 2015.
  21. ^ "Smartscooter Spec Sheet" (PDF). www.gogoro.com. Gogoro Inc. Retrieved 25 March 2015.
  22. ^ Nuñez, Michael. "CES 2015: The Gogoro Smartscooter Is A Tesla On Two Wheels". Popular Science. Popular Science. Retrieved 26 March 2015.
  23. ^ "Gogoro's smaller scooter is built for international expansion". Engadget. Retrieved 2021-05-12.
  24. ^ "Coup shuts down its electric moped scooter service".
  25. ^ "E-Moped – TIER".
  26. ^ "Tier Mobility acquires Coup's electric moped scooters – TechCrunch".
  27. ^ "Electric Bike Rental Service in Ishigaki,Okinawa|GO SHARE【Official Website】".

External links[edit]