“We are at the cusp of a dramatic change in the global urban transportation landscape, and with its more than 250 million mopeds and motorcycles India is well positioned to lead the shift to sustainable consumer and B2B transportation,” stated Horace Luke, founder and CEO of Gogoro. “The Gogoro CrossOver series embodies everything our brand has come to stand for and the new made-in-India CrossOver GX250 is optimized for riders in India with more seating space, greater storage and better ground clearance.”

Gogoro CrossOver Series
The CrossOver sequence is constructed on a redesigned all-terrain body that permits elevated rigidity and luxury whereas providing a wide range of storage, driving and customization capabilities. The CrossOver will likely be accessible in India in three fashions, the CrossOver GX250, CrossOver 50 and CrossOver S. The CrossOver GX250 is straight away accessible at present with the CrossOver 50 and CrossOver S delivery later in 2024.

CrossOver GX250
Manufactured in Maharashtra India, the CrossOver GX250 is Gogoro’s first India-made Smartscooter. The CrossOver GX250 captures the perfect of Gogoro’s new CrossOver Smartscooters whereas integrating India-specific options that Gogoro pilot riders in India requested.

New All-Terrain Chassis
Optimized for numerous street circumstances, the CrossOver GX250 adopts a newly developed all-terrain body that gives elevated rigidity for improved power and stability. The new body additionally gives 176mm of floor clearance, the very best in Gogoro’s present car lineup.

Performance and Easy Control
CrossOver GX250 makes use of a 2.5 kW Direct Drive that gives a prime pace of 60+kph and a licensed vary of 111km. The CrossOver GX250’s new body design vastly will increase the sturdiness of the suspension system and accommodates bigger hundreds whereas emphasizing consolation and stability.

Flexible Cargo Capacity
Designed to adapt to numerous driving eventualities, the CrossOver GX250 gives passenger driving house in addition to ample storage choices with a brand new mounting level enlargement system that features 26 locking factors. With the power to leverage 4 cargo areas together with a platform design headlight, foot, seat and rear cargo house, the CrossOver GX250 can simply accommodate most storage wants. To carry extra, the rear seat could be flipped up or eliminated so as to add cargo storage as wanted.

In August, India’s International Centre for Automotive Technology (ICAT) licensed the CrossOver GX250 for India. In November, Gogoro grew to become the primary overseas two-wheel OEM to be acknowledged by the Small Industries Development Bank of India (SIDBI) that entitled the CrossOver GX250 for its EV financing applications.

“Gogoro was uniquely created to introduce a mass market shift to sustainable energy in densely populated cities by establishing an intelligent battery swapping ecosystem for vehicle refueling that is safe, scalable and open. There has been significant demand in India for Gogoro battery swapping, Smartscooters and technologies and we are excited to be launching commercially with a variety of partners,” stated Luke. “On average, last mile delivery riders ride more than six-times the distance as consumer riders, so enabling these delivery riders to adopt smart sustainable electric transportation can have an accelerated impact on a city.”

Commercial Partnerships
As increasingly companies in India embrace the necessity for sustainable transportation they require new mobility options for logistics, supply fleets and taxi providers that not solely obtain the perfect various to gas-powered autos however are effectively suited to the precise market and trade wants in India. Gogoro presents swap & go battery swapping in seconds that’s secure, dependable, and all the time accessible, whereas tethered electrical charging nonetheless requires devoted parking and cost time that reduces rider availability and revenue. Gogoro is working with a wide range of companions within the area throughout three core enterprise classes.

Businesses and Fleet Operators – Gogoro continues to work with giant and small companions to allow sustainable supply firms, similar to Zypp Electric and logistics fleets and taxi providers utilizing Gogoro battery swapping and Smartscooters, together with these transitioning from conventional ICE autos.

Mobility-as-a-Service (MaaS) – Gogoro is working with companions, like FutureEV, to allow new sustainable enterprise alternatives together with using Gogoro’s GoShare platform that permits fractional and shared mobility-as-a-service deployments.

Turnkey Solution – Gogoro works with enterprise companions, to deploy a whole battery swapping ecosystem and Smartscooters which might be made in India to new home and worldwide markets like Nebula Energy in Nepal.

About Zypp Electric – Zypp Electric and Gogoro are persevering with their long-term partnership that started with a profitable B2B partnership and is constant with Gogoro’s integration into Zypp Electric’s fleet program. 

About FutureEV – FutureEV is launching a scooter sharing service within the Indian vacationer metropolis of Goa completely utilizing Gogoro battery swapping and Smartscooters. The firm will start a pilot on Dec 25, 2023, with a industrial launch anticipated within the first quarter of 2024. Goa is ranked fifteenth on the planet in car density and with greater than 8.5 million vacationers yearly will probably be obligatory that each one new vacationer autos, rent-a-cab and rent-a-bike, be electrical from January 2024.

About Nebula Energy, a subsidiary of MG Group (Nepal) – Gogoro can also be partnering with Nebula Energy to roll out battery swapping and Smartscooters in Nepal. Nebula Energy is a completely owned subsidiary of MG Group, a brand new power enterprise dedicated to main the best way in the direction of an environmentally sustainable and power impartial Nepal.

Gogoro Battery Swapping
At the guts of Gogoro’s ecosystem is an open and interoperable battery swapping platform that was acknowledged earlier this 12 months by Guidehouse Insights because the main battery swapping firm for light-weight city autos on the planet. Gogoro battery swapping is a brand new technology of swappable battery refueling that’s sensible, secure, and regularly optimizing itself to be dynamic and versatile for riders, companies, and communities. In July, India’s International Centre for Automotive Technology (ICAT) licensed Gogoro’s Smart Battery for India. In Taiwan, the Gogoro Network helps almost 600,000 riders and has greater than 1.3 million sensible batteries in circulation by means of its community of 12,000 battery swapping stations at over 2,500 places. With greater than 400,000 each day battery swaps and greater than 510 million complete battery swaps up to now, Gogoro battery swapping has saved greater than 785,000 tons of CO2 because it launched in 2015.

About Gogoro
Founded in 2011 to rethink city power and encourage the world to maneuver by means of cities in smarter and extra sustainable methods, Gogoro leverages the facility of innovation to alter the best way city power is distributed and consumed. Recognized and awarded by Frost & Sullivan because the “2023 Global Company of the Year for battery swapping for electric two-wheel vehicles” and MIT Technology Review as one among “15 Climate Tech Companies to Watch” in 2023, Gogoro’s battery swapping and car platforms provide a sensible, confirmed, and sustainable long-term ecosystem for delivering a brand new method to city mobility. Gogoro has shortly develop into an innovation chief in car design and electrical propulsion, sensible battery design, battery swapping, and superior cloud providers that make the most of synthetic intelligence to handle battery availability and security. The problem is very large, however the alternative to disrupt the established order, set up new requirements, and obtain new ranges of sustainable transportation development in densely populated cities is even larger. For extra data, go to https://www.gogoro.com/news and comply with Gogoro on Twitter: @wearegogoro.

Forward-Looking Statements
This communication accommodates forward-looking statements inside the that means 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 typically relate to future occasions or Gogoro’s future monetary or working efficiency.  In some circumstances, you’ll be able to determine forward-looking statements as a result of they include phrases similar to “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “going to,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the detrimental of those phrases or different comparable phrases or expressions that concern Gogoro’s expectations, technique, priorities, plans or intentions.  Forward-looking statements on this communication embrace, however should not restricted to, statements by Gogoro’s founder, and chief government officer, such because the market alternative and transition to electrical mobility, the aptitude of Gogoro’s expertise, the industrial partnerships and Gogoro’s enterprise plans together with its plans to deploy Gogoro battery swapping stations and promote Gogoro two-wheeled electrical autos in India.  Gogoro’s expectations and beliefs concerning these issues could not materialize, and precise ends in future durations are topic to dangers and uncertainties that would trigger precise outcomes to vary materially from these projected, together with dangers associated to the impression of the COVID-19 pandemic, dangers associated to macroeconomic elements together with inflation and shopper confidence, dangers associated to the execution of its industrial companions’ enterprise plans together with their enterprise plans to incentivize its drivers to buy Gogoro two-wheeled electrical autos or to buy by themselves Gogoro two-wheeled electrical autos or to deploy Gogoro two-wheeled electrical autos, dangers associated to the India scooter market, dangers associated to political tensions, danger associated to any infringement of different firms mental properties together with trademark or patents, Gogoro’s capability to successfully handle its development, Gogoro’s capability to launch and ramp up the manufacturing of Gogoro battery swapping stations and two-wheeled electrical autos and management its manufacturing prices and handle its provide chain points, Gogoro’s dangers associated to capability to increase its gross sales and advertising and marketing skills, Gogoro’s capability to increase successfully into India market, overseas alternate fluctuations, Gogoro’s capability to develop and preserve relationships with its companions, dangers associated to working in India market, regulatory dangers and Gogoro’s dangers associated to strategic collaborations, dangers associated to India market, collaborations or alliances together with Gogoro’s capability to enter into and execute its plans associated to strategic collaborations or alliances to ensure that such strategic collaborations or alliances to achieve success and generate income, the power of Gogoro to achieve success within the shopper and B2B market, dangers associated to Gogoro’s capability to realize operational efficiencies, the dangers associated to the necessity for Gogoro to speculate extra capital in strategic collaborations or alliances. The ahead wanting statements contained on this communication are additionally topic to different dangers and uncertainties, together with these extra absolutely described in Gogoro’s filings with the Securities and Exchange Commission (“SEC”), together with in Gogoro’s Form 20-F for the 12 months ended December 31, 2022, which was filed on March 31, 2023 and in its subsequent filings with the SEC, copies of which can be found on our web site and on the SEC’s web site at www.sec.gov. The forward-looking statements on this communication are based mostly on data accessible to Gogoro as of the date hereof, and Gogoro disclaims any obligation to replace any forward-looking statements, besides as required by legislation.

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