Gogoro Inc (OQ:GGR)
Business Focus: N/A
| Sector: Consumer Cyclicals | Industry: Recreational Products |
| Company Contact | |
| Address: | TAIPEI 105 |
| Tel: | N/A |
| Website: | https://www.gogoro.com |
| IR: | See website |
| Key People | ||
| Horace Luke Chairman of the Board, Chief Executive Officer, Founder | Bruce Aitken Chief Financial Officer | Pass Liao General Manager - Gogoro Solutions |
| Alan Pan General Manager - Gogoro Network | Ming-I Peng Chief Product Officer | |
| Business Overview |
| Gogoro Inc is a Taiwan-based company mainly engaged in the provision of smart, interchangeable electric fuel and smart light urban vehicles for the mass market. The Company offers a best-in-class technology platform for battery swapping networks and a comprehensive ecosystem of enabling technologies for the vehicles that operate on them. The Company has established a battery exchange network in a pilot market in Taiwan using the smart Swap & Go battery system it developed. The Company's comprehensive solution is built on an integrated technology platform that spans smart batteries specifically designed for swapping and connected battery swapping stations; cloud-based network software and battery management systems; design, engineering, and manufacturing of smartscooter ePTWs; ePTW powertrains, smart components, and Original Equipment Manufacturer (OEM) developer kits; AI-Driven operating system and consumer app with network connectivity. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Gogoro Inc revenues decreased 9% to $349.8M. Net loss decreased 23% to $76M. Revenues reflect Sales of hardware and others decrease of 17% to $218.1M. Lower net loss reflects Listing expense decrease from $178.8M (expense) to $0K, General and marketing decrease of 84% to $3.7M (expense), Labor & Related Expenses in Research & D decrease of 18% to $28.1M (expense). |
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