GOGORO

Company Snapshot

Founded: 2011
Entity Type: Public
Employees: 2,048
Region: Taiwan
Revenue: $310.6 Millions
Revenue Year: 2024
Headquarter: Taipei City, Taiwan
Key Geographics: Taiwan, Other Countries
Corporate Address: 11F, Building C, No. 225, Section 2, Chang’an E. Rd SongShan district, Taipei City 105, Taiwan Tel. +886-3-273-0900 www.gogoro.com

Company Overview

Gogoro is a Taiwanese company that develops EVs and a battery swapping network for urban transportation. Its network of over 13,000 battery swapping stations enables users to swap out depleted batteries for fully charged ones instantly, eliminating the requirement for connected charging, which lasts up to 30 minutes. The company generates its revenue from two business units, including battery swapping services and sales of hardware and others. EV battery swapping lies under battery swapping services business units. Gogoro offers GoShare, a ridesharing service in Taiwan and Ishigaki Island, Japan. Gogoro also provides vehicle innovations to manufacturers such as Yamaha, Aeon Motors, PGO, eReady and eMOVING. The company operates in the Americas and Asia.

Financial Highlights (FY 2024)

Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***

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GOGORO In Reports

Global EV Battery Swapping Market

BCC Research Market Analyst says global EV battery swapping market was valued at $750.1 million in 2023. It is projected to grow from $894.2 million in 2024 to $2.8 billion by the end of 2029.

Electric Vehicles and Fuel Cell Vehicles: Global Markets

The global electric vehicle market should reach $550.4 billion by 2024 from $257.4 billion in 2019 at a compound annual growth rate (CAGR) of 16.4% for the forecast period of 2019 to 2024.

Electric Vehicles and Fuel Cell Vehicles: Global Markets to 2024

The global electric vehicle market reached $94.9 billion in 2019 and should reach $183.7 billion by 2024, at a compound annual growth rate (CAGR) of 14.1% for the period of 2019-2024.

Company's Business Segments

  • Sales of Hardware and Others : Smartscooter, Battery Packs and GoStation
  • Battery Swapping Service : Revenues related to battery swapping and energy services

Applications/End User Industries

  • Automotive
  • Commercial Fleet
  • Vehicle Manufacturers
  • Smart Infrastructure
  • Energy
  • Oil
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