Gogoro partners with Castrol accelerates expansion in Kathmandu, Singapore and the Philippines
Sustainable transportation leader Gogoro Inc. is expanding its footprint across Asia with strategic investments from lubricant maker Castrol; upcoming launches in Kathmandu, Nepal, and Singapore; and market growth in the Philippines. These strategic moves highlight the company’s commitment to providing eco-friendly transportation alternatives and addressing the growing demand for electric vehicles in urban centers.Castrol invested $50 million into Gogoro Inc.
“Gogoro’s proven battery swapping platform and smart electric two-wheeler vehicles have demonstrated how cities can be transformed when given access to smart, sustainable and convenient portable power. This investment by Castrol is a testament to this success and enables us to expand even faster,” Horace Luke, Founder and CEO of Gogoro, said.In partnership with Nebula Energy, Gogoro is set to launch its battery swapping network and Smartscooters in Kathmandu Valley in October 2024.
This development follows a successful pilot program conducted in collaboration with C&C and foodpanda, a major food delivery platform. The pilot, which involved Gogoro’s Smartscooters and battery-swapping infrastructure, demonstrated high rider satisfaction and the viability of battery swapping as a sustainable mobility solution for Singapore.
The pilot program data revealed that riders appreciated the Smartscooters’ speed, lack of heat and noise, and minimal vibrations. Additionally, the quick and convenient battery swaps, taking less than a minute, were well-received. Riders also expressed satisfaction with the leasing package and after-sales support provided by C&C.
To cater to various customer needs, Gogoro Philippines has introduced two flexible postpaid energy plans: Plan P799 and Plan P999 , offering ranges of 420 kilometers and 700 kilometers, respectively. The company has received positive feedback from early adopters, praising the scooters’ intelligent features, riding comfort, and ease of battery swapping.
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