Gogoro Inc., a global leader in battery-swapping ecosystems, announced today that it has secured a $50 million investment from Gold Sino Assets Limited (“Gold Sino”). This significant funding will enable Gogoro to strengthen its leadership in urban battery swapping and smart mobility solutions, accelerating the transition to sustainable urban transportation.
“With the success of its revolutionary battery swapping ecosystem, Gogoro continues to lead the two-wheel transformation that is shaping cities of the future to be smart, sustainable, and accessible. Gogoro is delivering on its vision,” stated Dr. Samuel Yin, chairman of Ruentex Group and representative of Gold Sino. “As Gogoro continues growing its lead in Taiwan and in its expansion markets, it is crucial that it continues to have the resources and flexibility to operate efficiently and deliver cutting-edge innovation, unparalleled customer experience, and great value to customers.”
Transaction Details
Under the share and warrant purchase agreement, Gogoro will issue to Gold Sino 32,516,095 ordinary shares at a par value of US$0.0001 per share, totaling an aggregate purchase price of $50 million. This reflects a per-share purchase price of approximately $1.5377. Additionally, Gold Sino will receive a warrant to purchase 10,838,698 ordinary shares at an exercise price of $1.6915 per share, subject to certain adjustments. The transactions are expected to close within the next few days, with the funds earmarked for Gogoro’s growth and development in Taiwan and its international expansion markets.
“Our partnership with Dr. Yin, Gold Sino, and Ruentex Group dates back to Gogoro’s founding. Dr. Yin has been our greatest advocate and shares a strong vision for how smart mobility and clean energy can create healthier and more vibrant cities,” said Horace Luke, founder and CEO of Gogoro. “This investment is a strong testament to Gogoro’s business model and vision for growing our business globally.”
