Written by Cláudio Afonso | LinkedIn | X
Taiwan-based electric scooter company Gogoro announced Monday that it is expanding its battery-swapping electric scooters to Chile in partnership with the local energy firm Copec.
Currently, the brand’s battery swap network backs more than 610,000 riders in Taiwan, with over 1.4 million smart batteries in circulation across a network of 12,500 stations.
After entering Bogotá, Colombia, with Copec’s subsidiary Terpel, Gogoro is now expanding to Santiago, Chile, with Copec. As part of the launch, the company has set up 10 Gogoro battery-swapping stations and said it plans to reach 18 stations by year-end.
In Colombia, the company plans to set up 14 battery swap stations — known as GoStations — in Bogota before expanding the network to other Colombian cities.
Copec Voltex’s chief executive Andrea Castro said the partnership with Gogoro
“Let us offer an innovative charging solution that redefines city travel, lowering barriers to entry and bringing electric mobility to a new group of Chileans seeking more efficient and sustainable transportation for daily life.”
In June, BP group’s unit Castrol announced an investment of $50 million in Gogoro as the company sees two-wheelers as “a critical part of the global product portfolio”.
In the first phase of the investment, Castrol Holdings, an affiliate of Castrol, will invest $25 million in ordinary shares of Gogoro resulting in Castrol acquiring approximately 5.72% of the outstanding ordinary shares.
This will be followed by a second $25 million investment in the form of a convertible note, contingent upon the completion of certain transactions related to their business collaboration, the statement revealed.
Written by Cláudio Afonso | LinkedIn | X
