Companies introduce new Pulse, JEGO and
CrossOver GX250 Smartscooters at NADA Auto Show in Kathmandu and plan to deploy more battery
swapping stations than petrol stations in Nepal.
KATHMANDU,
Nepal, Aug. 27, 2024 /PRNewswire/ -- Nebula
Energy and Gogoro Inc (Nasdaq: GGR), a global technology leader in
battery-swapping ecosystems that enable sustainable mobility
solutions for cities, today announced commercial availability of
Gogoro's battery swapping and Smartscooters in the Kathmandu Valley
slated for October 2024. The
announcement was made at the NADA Auto Show in Kathmandu.
The companies introduced two new Gogoro
Smartscooters to Nepal - the Pulse
and JEGO - in addition to the existing CrossOver GX250 that are
exclusively available through Nebula Energy. They also announced
the locations for 45 battery swapping stations in Kathmandu Valley.
The announcement follows an overwhelmingly positive Smartscooter
and battery swapping pilot program that began in April 2024 that included strategic B2B delivery
partners Foodmandu and Jum Jum.
"Nepal is at the
forefront of clean energy generation and utilization and is
providing significant incentives for electric two-wheel vehicles
adoption. Together, Gogoro and Nebula Energy are working to
accelerate adoption by launching Gogoro battery swapping and
Smartscooters in the Kathmandu Valley with a plan to eventually
have more battery swapping stations than gas stations," said
Horace Luke, founder and CEO of
Gogoro. "We are excited to be a part of Nepal's sustainable transportation
transformation and look forward to having our new Gogoro Pulse and
JEGO on the streets of Kathmandu
soon."
Speaking to the media, Chairman of Nebula
Energy, Mr. Manoj Goyal
expressed his commitment and vision towards contributing to
Nepal's zero-emission targets
through the new age of sustainable mobility and technology with
Gogoro.
"The mass-scale adoption of EVs in the
two-wheeler segment must be enabled through technology. The Gogoro
range of Smartscooters powered by Gogoro battery-swapping provides
a unique solution that addresses the major challenges faced by
consumers when deciding to buy an electric two-wheeler today,"
said Mr. Sahayu Goyal, Managing Director of Nebula.
Nebula will open the first Gogoro showroom in
Kathmandu in September 2024 and customers will have the
opportunity to test ride the Smartscooters and make pre-bookings at
a special introductory price for delivery in October 2024.
Nebula announced the locations of 45 battery
swapping stations around the Kathmandu valley ensuring that there is a
battery swapping station every 2-3 kilometers. The stations will be
strategically located in petrol stations, marts, malls and areas of
common interest for ease and accessibility for riders.
Eventually, Nebula Energy plans to install more
battery swapping stations than the number of petrol stations in
Nepal.
Nebula Energy is currently offering the battery
swapping services to strategic B2B partners for their GX250
models.
Gogoro Battery-Swapping Technology
At
the heart of Gogoro's ecosystem is an open and interoperable
battery swapping platform that has been recognized across the
industry as the leading battery swapping company for lightweight
urban vehicles in the world. Gogoro battery swapping is a new
generation of swappable battery refueling that is smart, safe, and
continually optimizing itself to be dynamic and versatile for
riders, businesses, and communities.
In Taiwan, the
Gogoro Network supports more than 610,000 riders and has more than
1.4 million smart batteries in circulation through its network of
12,500 battery swapping stations at over 2,500 locations. In
Taiwan, Gogoro's battery swapping
stations outnumber petrol stations. With more than 400,000 daily
battery swaps and more than 615 million total battery swaps to
date, Gogoro battery swapping has saved more than one million tons
of CO2 since it launched in 2015.
About Nebula Energy
Nebula Energy is a
wholly owned subsidiary of MG Group and is a new energy venture
committed to leading the way towards an environmentally sustainable
and energy independent Nepal.
About Gogoro
Founded in 2011 to rethink
urban energy and inspire the world to move through cities in
smarter and more sustainable ways, Gogoro leverages the power of
innovation to change the way urban energy is distributed and
consumed. Gogoro was recently ranked as the most innovative company
in Asia-Pacific and number 37
globally on Fast Company's "2024 World's Most Innovative Companies"
list. Recognized by Frost & Sullivan as the "2024 Global
Company of the Year for battery swapping for electric two-wheel
vehicles"; and, MIT Technology Review as one of "15 Climate Tech
Companies to Watch" in 2023, Gogoro's battery swapping and vehicle
platforms offer a smart, proven, and sustainable long-term
ecosystem for delivering a new approach to urban mobility. Gogoro
has quickly become an innovation leader in vehicle design and
electric propulsion, smart battery design, battery swapping, and
advanced cloud services that utilize artificial intelligence to
manage battery charging and availability. The challenge is massive,
but the opportunity to disrupt the status quo, establish new
standards, and achieve new levels of sustainable transportation
growth in densely populated cities is even greater. Gogoro is
operational in Taiwan,
Philippines, Mainland China,
India, Japan, Indonesia, Korea, Israel, Singapore, Colombia and Nepal.
Forward Looking Statements
This
communication contains forward looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward looking statements generally relate to future events or
Gogoro's future financial or operating performance. In some cases,
you can identify forward looking statements because they contain
words such as "may," "will," "should," "expects," "plans,"
"anticipates," "going to," "could," "intends," "target,"
"projects," "contemplates," "believes," "estimates," "predicts,"
"potential" or "continue" or the negative of these words or other
similar terms or expressions that concern Gogoro's expectations,
strategy, priorities, plans or intentions. Forward-looking
statements in this communication include, but are not limited to,
the business between Gogoro, Nebula and Nebula Energy, including
the ability of such partnership to achieve its goals and
projections of market opportunity, the potential timeline for the
launch of Gogoro's products and services, the potential growth in
Nepal, the capability of Gogoro's
technology, business plans and statements by Gogoro's founder and
chief executive officer, Nebula's Managing Director and Nebula
Energy's Chairman. Gogoro's expectations and beliefs regarding
these matters may not materialize, and actual results in future
periods are subject to risks and uncertainties that could cause
actual results to differ materially from those projected, including
risks related to the impact of the COVID-19 pandemic, risks related
to macroeconomic factors including inflation and consumer or
customer confidence, risks related to political tensions, Gogoro's
ability to effectively manage its growth, Gogoro's ability to
launch and ramp up the production of its products and control its
manufacturing costs and manage its supply chain issues, Gogoro's
risks related to ability to expand its sales and marketing
abilities, Gogoro's ability to expand effectively into new markets,
foreign exchange fluctuations, Gogoro's ability to develop and
maintain relationships with its partners, risks associated with
formalizing the partnership, including reaching any definitive
agreement, if necessary, for the partnership, risks related to
operating in the Nepal, regulatory
risks and Gogoro's risks related to strategic collaborations, risks
related to the Nepal market and
other international markets or alliances including Gogoro's ability
to enter into and execute its plans related to strategic
collaborations or alliances in order for such strategic
collaborations or alliances to be successful and generate revenue.
The forward looking statements contained in this communication are
also subject to other risks and uncertainties, including those more
fully described in Gogoro's filings with the Securities and
Exchange Commission ("SEC"), including in Gogoro's Form 20-F for
the year ended December 31, 2021,
which was filed on May 2, 2022 and in
its subsequent filings with the SEC, copies of which are available
on our website and on the SEC's website at www.sec.gov. The forward
looking statements in this communication are based on information
available to Gogoro as of the date hereof, and Gogoro disclaims any
obligation to update any forward looking statements, except as
required by law.
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SOURCE Gogoro Inc