Gogoro Inc., a global leader in battery swapping ecosystems for sustainable urban mobility, has officially signed a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Ltd. (HPCL), a major Indian oil company boasting over 21,000 retail outlets.
India is currently undergoing a significant transformation in its urban two-wheel transportation system, with a shift towards electric mobility. It is increasingly clear that battery swapping plays a crucial role in driving widespread adoption of electric vehicles. In response to this, Gogoro and HPCL are joining forces to deploy thousands of Gogoro battery swapping stations at HPCL’s retail outlets across India in the coming years.
Horace Luke, the Founder and CEO of Gogoro, stated, “There is nowhere on earth that needs smart electric transportation more than India, and Gogoro is joining together with the Indian business community and national and local governments to deploy a battery swapping and electric vehicle ecosystem that is open, accessible, and scalable.”
DK Sharman, Executive Director, Corporate Strategy, and Business Development at HPCL, emphasized the significance of this partnership, saying, “HPCL and Gogoro are partnering to develop a broad battery swapping infrastructure for two-wheel vehicles that will both grow and sustain a leading electric vehicle ecosystem in India that is safe, clean, and readily available across India’s cities.”
Gogoro’s battery swapping network, known for its smart and efficient refueling process, currently supports nearly 600,000 riders and manages over 1.3 million smart batteries within its network of 12,000 battery swapping stations at more than 2,500 locations. The network has conducted more than 400,000 daily battery swaps and has successfully completed nearly 500 million total battery swaps, contributing to a reduction of over 750,000 tons of CO2 emissions since its inception.
This collaboration between Gogoro and HPCL signifies a significant step toward enhancing electric mobility in India, providing convenient and sustainable transportation solutions in a rapidly evolving urban landscape.