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Gogoro (NASDAQ: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, has reported more than 500,000 monthly battery swapping subscribers in Taiwan.
Since launching in 2015, the Gogoro battery swapping network has grown to more than 500,000 riders and nearly 11,000 battery swapping GoStation cabinets at over 2,240 locations. The Gogoro Network hosts 340,000 daily battery swaps with more than 325 million total battery swaps to date.
The company’s battery swapping network has become the refueling leader for electric two-wheel vehicles with more than 92% market share in Taiwan. Gogoro's open battery swapping ecosystem currently supports ten different vehicle brands. The Gogoro Network is an open platform for battery swapping and smart mobility services, delivering a fresh alternative to legacy fuel.
Horace Luke, founder, chairman, CEO of Gogoro commented: "Gogoro's half-million battery swapping subscribers is an amazing testament to our growth and momentum as a company, but more importantly it represents 500,000 individual people who have chosen to embrace sustainable transportation to lead a sustainable future. Taiwan is an excellent example of how an open battery swapping ecosystem can enable governments, businesses, vehicle makers and riders to embrace sustainable electric transportation."
Shares of Gogoro trade on the NASDAQ under the ticker symbol GGR. For more information visit www.greenstocknews.com.
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