Written by Cláudio Afonso | LinkedIn | X
Taiwan electric scooter firm Gogoro announced on Monday that has secured a substantial investment of $50 million from Gold Sino Assets Limited. The shares closed at $1.46 on Friday giving the firm a 358.87 million market capitalization.
Under the agreement, Gogoro will issue 32,516,095 ordinary shares to Gold Sino, valued at approximately $1.5377 per share. Additionally, Gold Sino will receive a warrant to purchase 10,838,698 ordinary shares of Gogoro at an exercise price of $1.6915 per share.
The closing of the transactions is expected to take place in the coming days, the company stated.
In late May, the Colombian firm Terpel launched Gogoro’s battery swapping in Bogota Colombia through the Terpel Voltex brand. Amid the announcement, the Colombian company said it plans to expand to 14 GoStations by the end of the year and then to other Colombian cities.
The investment will speed up the company’s expansion in Taiwan and international markets. The manufacturer has started producing electric scooter bikes in India and the chief executive is aiming to reach 120 battery swap stations by mid this year.
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Written by Cláudio Afonso | LinkedIn | X
