Why Gogoro chose India as its new must-have market

Gogoro co-founder And CEO Horace Luke wanna has "go big" In India even as THE Taiwanese business faces challenges In It is House country.

THE potential of India, he seems, East simply has wall has ignore And not just because It is THE of the world the biggest two wheels walk, Or 15-20 million new two wheels hit roads each year. Luke Also see THE of the world most people country as A launch buffer that will accelerate It is global expansion In other markets. It is not A bad tactical, considering India East Already on A party has become A competitive manufacturing hub For all major international brands And some products departure Since smart phones has satellites.

Earlier This month, Gogoro do It is First of all commercial entrance In India with THE introduction of It is battery swap network And smart scooters After running pilots And invest millions of dollars In THE country. Talk on THE on the sidelines with Luke has THE the company event, It is clear her ambitions stretchable beyond This initial beginnings.

Based In 2011 by ancient HTC executives Luke And Mast Taylor, Gogoro considered himself THE Android of all Electric vehicles. He offers It is owner technology has other car manufacturers next to sale It is own brand scooters with exchangeable batteries. THE business Already works In markets including China, Indonesia, Singapore, Israel And THE Philippines — next to It is hometown In Taiwan.

THE business has selected India as A strategic walk Since Or he can reach A number of new users And enter new the steps, departure with neighbor country Nepal, Luke said has THE the company launch In New Delhi.

THE new developments are on THE heels of Gogoro earlier India advertisement, including THE early battery swap pilot In Delhi, A Partnership with Belrise Industries has invest A total of $2.5 billion In Maharashtra has build It is battery swap Infrastructure And network In THE western peninsula State And $25 million investment In electric fleet management to start up Zypp Electric.

Gogoro East In talks with miscellaneous local And global players has develop It is business And presence In India, Luke declared without sharing any of them names. THE business East Already functioning with domestic manufacturers has produce It is Components locally, which he Currently assemble has A ease In Maharashtra In Partnership with Foxconn. He East Also look has partner with Indian And global car manufacturers WHO can deploy It is technology, portion has to grow It is business In THE country.

THE business has about 11 vehicle manufacturers In Taiwan that are building Vehicles of different sizes And configurations base on It is standard battery size, THE executive said. These include THE love of Suzuki, Yamaha, And Aeonmotor, among others. He noted that a few of these can come has India along with Gogoro exchangeable battery technology on time.

" Everyone waiting For Me has bring THE network," Luke said without disclose specific details. "Once THE network go live, they go [the partners] bring In their ability And ability. »

In April 2021, Gogoro in partnership with Indian two wheels giant hero MotoCorp has to roll out It is battery swap network In THE country. However, that agreement has not yielded any of them results.

When request how Gogoro will to use It is Partnership with hero MotoCorp And Why he did not choose THE local car player For It is beginning And instead introduced It is own range of smart scooters In THE country, Luke sharing A wave answer And said THE high management of hero MotoCorp did wish him success Before THE throw.

"Their [Hero MotoCorp] brand And business as A entire East very B2C concentrate… As We launch with A B2B to focus First of all, We keep them head on of all THE thing It is event," he said. "Were A open platform. A day, they go be ready [has] launch A vehicle using OUR system. But It is Really A chicken And egg [situation]. I need has prove that there East A platform that East ready Before they In fact can go In, come In And TO DO That. »

Gogoro plans has simulate It is Taiwan growth In India by launch 30 stations In Delhi by THE First of all quarter of 2024. THE business began It is journey In Taipei with THE even number of stations but has Since extended has ...