Gogoro Partners with Cycle & Carriage to Launch Battery-Swapping Smartscooters in Singapore
Portfolio Pulse from Benzinga Newsdesk
Gogoro Inc. (NASDAQ:GGR) has partnered with Cycle & Carriage to launch its battery-swapping Smartscooters in Singapore by Q4 2024. The initiative, which has received certification from Singapore's Land Transport Authority, includes a partnership with Shell Recharge to set up battery swapping GoStations at Shell service stations. A successful pilot with foodpanda has shown positive results, paving the way for commercial operations.
July 17, 2024 | 8:02 am
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Gogoro Inc. (NASDAQ:GGR) has secured certification to launch its battery-swapping Smartscooters in Singapore by Q4 2024, in partnership with Cycle & Carriage and Shell Recharge. A successful pilot with foodpanda has shown positive results, indicating strong potential for commercial success.
The certification from Singapore's Land Transport Authority and the successful pilot with foodpanda indicate strong potential for commercial success. The partnership with Shell Recharge to set up GoStations further strengthens the infrastructure needed for Gogoro's battery-swapping ecosystem, likely boosting investor confidence and positively impacting GGR's stock price in the short term.
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