Gogoro Inc.
GGR · NASDAQ
Company research
Gogoro Inc. (NASDAQ: GGR) is a Taipei, Taiwan-based electric vehicle and energy technology company founded in 2011, specializing in the design, manufacture, and distribution of electric two-wheeled scooters and a proprietary battery-swapping ecosystem. The company operates the Gogoro Network, a subscription-based Battery-as-a-Service (BaaS) platform comprising a dense infrastructure of automated GoStation battery-swapping machines deployed across urban environments, enabling riders to instantly exchange depleted batteries for fully charged ones — a model that has helped Gogoro capture over 90% of Taiwan's electric scooter market. Beyond its flagship Smartscooter lineup, Gogoro licenses its battery-swapping technology, hardware, software, and cloud-based management systems to third-party OEM partners including Yamaha, Aeon Motor, and PGO, and is actively pursuing international expansion into markets such as India and Vietnam. Under CEO Henry Chiang, the company continues its strategic pivot toward high-margin recurring service revenues, with its subscriber base growing to approximately 648,000 users as of mid-2025, while navigating challenges including declining hardware sales and ongoing Nasdaq compliance requirements.