Gogoro Inc. engages in the research, development, manufacture, sale, and distribution of electric scooters and electric scooter enabling components in Taiwan and internationally. Its electric scooters portfolio includes Gogoro SuperSport, Gogoro S1, Gogoro 2 Series, Gogoro VIVA XL, Gogoro VIVA MIX, and Gogoro VIVA. The company also offers battery swapping solutions. Gogoro Inc. was incorporated in 2011 and is based in Taipei, Taiwan.
IPO Year:
Exchange: NASDAQ
Website: https://www.gogoro.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/15/2024 | $2.29 → $0.50 | Buy → Neutral | Citigroup |
| 8/19/2024 | Buy → Hold | The Benchmark Company | |
| 12/13/2023 | Underweight → Neutral | JP Morgan | |
| 9/20/2022 | $4.30 | Underweight | JP Morgan |
| 6/9/2022 | $8.60 | Buy | Citigroup |
The Companies Plan to Launch a Battery Swapping B2B Pilot in Delhi in December 2022 that Will Enable Last Mile Delivery Fleets to Electrify through Gogoro Network Battery Swapping, a Swapping Platform that is Proven, Reliable and Safe with More than 350 million Battery Swaps to Date. NEW DELHI, Nov. 3, 2022 /PRNewswire/ -- Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced a strategic B2B initiative and partnership with Zypp Electric, India's leading EV-as-a-Service platform. Together, the companies are focused on accelerating the urban shift of logistics fleets and last mile deliveries to
TAIPEI, Nov. 14, 2024 /PRNewswire/ -- Gogoro Inc. ("Gogoro," "the Company" or "We") (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its third quarter ended September 30, 2024. Third Quarter 2024 Summary Revenue of $86.9 million, down 5.3% year-over-year and down 3.4% on a constant currency basis.Battery swapping service revenue of $34.9 million, up 3.8% year-over-year and up 6.0% on a constant currency basis.Sales of hardware and others revenue of $52.0 milli
TAIPEI, Taiwan, Aug. 15, 2024 /PRNewswire/ -- Gogoro Inc. ("Gogoro," "the Company" or "We") (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its second quarter ended June 30, 2024. Second Quarter 2024 Summary Successfully closed two private placements: Gold Sino Assets Limited and Castrol Holdings International Limited invested $50 million and $25 million, respectively, to purchase ordinary shares of Gogoro.Revenue of $80.9 million, down 7.2% year-over-year an
TAIPEI, May 9, 2024 /PRNewswire/ -- Gogoro Inc. ("Gogoro," "the Company" or "We") (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its first quarter ended March 31, 2024. First Quarter 2024 Summary Revenue of $69.7 million, down 12.1% year-over-year and down 9.0% on a constant currency basis.Battery swapping service revenue of $32.5 million, up 0.6% year-over-year and up 4.1% on a constant currency basis.Introduced two new vehicles, namely Gogoro Pulse, our ne
TAIPEI, Taiwan, Feb. 7, 2024 /PRNewswire/ -- Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its fourth quarter and twelve months ended December 31, 2023. Fourth Quarter and Full Year 2023 Summary Fourth quarter revenue of $91.5 million, down 4.1% year-over-year and down 2.8% on a constant currency basis; Full year revenue of $349.8 million, down 8.6% year-over-year and down 4.6% on a constant currency basisFourth quarter battery swapping service
TAIPEI, Taiwan, Nov. 16, 2023 /PRNewswire/ -- Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its third quarter ended September 30, 2023. Third Quarter 2023 Summary Revenue of $91.8 million, down 10.2% year-over-year and down 6.5% on a constant currency basis;Battery swapping service revenue of $33.6 million, up 10.4% year-over-year and up 14.1% on a constant currency basis;Gross margin of 18.3%, up from 17.4% in the same quarter last year. Non-IF
TAIPEI, Taiwan, Aug. 10, 2023 /PRNewswire/ -- Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its second quarter ended June 30, 2023. Second Quarter 2023 Summary Revenue of $87.2 million, down 3.8% year-over-year and up 0.2% on a constant currency basisBattery swapping service revenue of $33.3 million, up 9.6% year-over-year and up 14.2% on a constant currency basisGross margin of 15.2%, up from 14.0% in the same quarter last year. Non-IFRS gross
The Vehicle, Merchandise and Accessories Collaboration is part of Gogoro and MUJI's Joint "Recycling for Good" Sustainability Initiative that Enables the Public to Recycle Polypropylene Plastic (PP) Waste for use in the new Gogoro MUJI Smartscooters. TAIPEI, July 31, 2023 /PRNewswire/ -- Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced a collaboration with Japanese designer Naoto Fukasawa and MUJI, the Tokyo-based consumer goods and lifestyle company. The newly designed Gogoro VIVA ME and Gogoro VIVA MIX ME along with a range of merchandise and accessories were launched today at a press
TAIPEI , July 27, 2023 /PRNewswire/ -- Gogoro® Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that it will release its financial results for the quarter ended June 30th, 2023, before markets open on August 10th, 2023. Gogoro's management team will hold an earnings Webcast at 8:00 a.m. Eastern Time on August 10th, 2023 to discuss the Company's financial and business results and outlook. What: Date of Gogoro Q2 2023 Financial Results and Q&A WebcastWhen: Thursday, August 10, 2023
Maharashtra's Ultra Mega Project Offer Outlines an Eight Year Phase 1 Investment Plan that Includes More Than $500 Million Investment in Manufacturing and $1 Billion in Smart Battery Infrastructure Deployment by Gogoro supported by Financial Incentives and Reimbursements by the State of Maharashtra. The Project Would be One of the Largest EV Investments in India's History and Follows an MOU Announcement at Davos in January 2023. MUMBAI, India, June 29, 2023 /PRNewswire/ -- The Indian State of Maharashtra and Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced that the Maharashtra government
Gogoro and Far EasTone Telecom's Smart Traffic Signal UPS to be rolled out in Taipei City's busiest intersections. Smart Traffic Signal UPS to utilize Gogoro Smart Batteries to enhance traffic safety by enabling continuous operation of traffic lights during power outages. TAIPEI, Taiwan, June 7, 2023 /PRNewswire/ -- Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities and Far EasTone Telecom, today announced they were deploying their jointly-developed Smart Traffic Signal Uninterruptible Power System (UPS) to nearly 200 of Taipei City's busiest intersections utilizing Gogoro Smart Batteries. The commercial r
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Citigroup downgraded Gogoro from Buy to Neutral and set a new price target of $0.50 from $2.30 previously
The Benchmark Company downgraded Gogoro from Buy to Hold
JP Morgan upgraded Gogoro from Underweight to Neutral
JP Morgan initiated coverage of Gogoro with a rating of Underweight and set a new price target of $4.30
Citigroup initiated coverage of Gogoro with a rating of Buy and set a new price target of $8.60
Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced it has been certified to launch its battery swapping and Smartscooters in Singapore and plans to launch with its exclusive distribution partner, Cycle & Carriage (C&C) in Q4 2024. Cycle & Carriage (C&C) also announced a partnership with Shell Recharge to launch battery swapping GoStations at Shell service stations in the Singapore market. "After working closely with Singapore's Land Transport Authority (LTA) to secure a permit to launch our battery swapping platform in Singapore, I am pleased to announce that Gogoro is now certified to
Castrol, a global leader in lubricants and part of the bp group, today announced an investment of up to US$50 million in Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery-swapping ecosystems that enable smart mobility solutions for cities. In the first tranche of the investment, Castrol Holdings, an affiliate of Castrol, will invest US$25 million in ordinary shares of Gogoro. This investment is expected to be followed by a second US$25 million investment in the form of a convertible note, which is subject to the consummation of certain transactions by the parties in connection with their business collaboration. The first tranche investment will result in Castrol acquiring app
Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced an agreement for $50 million investment from Gold Sino Assets Limited ("Gold Sino") to continue its leadership in urban battery swapping ecosystems and smart mobility innovation to accelerate the shift to sustainable urban transportation.
The companies also introduced the Gogoro 2 Plus and Gogoro VIVA Mix Smartscooters.
Gainers Nerdy (NYSE:NRDY) stock increased by 8.0% to $2.3 during Friday's after-market session. The company's market cap stands at $250.7 million. As per the news, the Q1 earnings report came out 3 days ago. Dixie Gr (NASDAQ:DXYN) stock moved upwards by 6.23% to $0.82. The market value of their outstanding shares is at $12.9 million. Xponential Fitness (NYSE:XPOF) shares increased by 6.01% to $8.99. The market value of their outstanding shares is at $283.9 million. Charles & Colvard (NASDAQ:CTHR) stock rose 5.72% to $0.3. The market value of their outstanding shares is at $9.1 million. Gogoro (NASDAQ:GGR) shares moved upwards by 4.99% to $1.68. The market value of their outstanding shar
First quarter revenue was lower than that in previous years, the company believes that the typical seasonal volume increases in the remainder of the year as well as the volume of backlog orders for JEGO that are yet to be delivered and preorders for Pulse allow it to remain confident in these forecasts.
Gogoro (NASDAQ:GGR) reported quarterly losses of $(0.06) per share which beat the analyst consensus estimate of $(0.08) by 25 percent. This is a 64.71 percent increase over losses of $(0.17) per share from the same period last year. The company reported quarterly sales of $69.71 million which missed the analyst consensus estimate of $94.98 million by 26.60 percent. This is a 12.11 percent decrease over sales of $79.32 million the same period last year.
Gainers Lulus Fashion Lounge (NASDAQ:LVLU) stock moved upwards by 14.4% to $1.75 during Wednesday's after-market session. The market value of their outstanding shares is at $72.3 million. As per the news, the Q1 earnings report came out today. FAT Brands (NASDAQ:FATBP) shares rose 6.51% to $16.02. Allbirds (NASDAQ:BIRD) stock rose 6.45% to $0.66. The company's market cap stands at $102.8 million. As per the news, the Q1 earnings report came out today. Serve Robotics (NASDAQ:SERV) shares moved upwards by 4.86% to $2.8. Golden Entertainment (NASDAQ:GDEN) shares rose 4.73% to $32.1. The market value of their outstanding shares is at $929.2 million. As per the press release, Q1 earnings cam
Sumitomo Corp, a leading integrated trading company and SMFL, one of the world's premier financial institutions are looking to support Gogoro's global business expansion while creating new business opportunities for Sumitomo Corporation and SMFL.
TAIPEI, Nov. 14, 2024 /PRNewswire/ -- Gogoro Inc. ("Gogoro," "the Company" or "We") (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its third quarter ended September 30, 2024. Third Quarter 2024 Summary Revenue of $86.9 million, down 5.3% year-over-year and down 3.4% on a constant currency basis.Battery swapping service revenue of $34.9 million, up 3.8% year-over-year and up 6.0% on a constant currency basis.Sales of hardware and others revenue of $52.0 milli
TAIPEI, Taiwan, Aug. 15, 2024 /PRNewswire/ -- Gogoro Inc. ("Gogoro," "the Company" or "We") (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its second quarter ended June 30, 2024. Second Quarter 2024 Summary Successfully closed two private placements: Gold Sino Assets Limited and Castrol Holdings International Limited invested $50 million and $25 million, respectively, to purchase ordinary shares of Gogoro.Revenue of $80.9 million, down 7.2% year-over-year an
TAIPEI, May 9, 2024 /PRNewswire/ -- Gogoro Inc. ("Gogoro," "the Company" or "We") (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its first quarter ended March 31, 2024. First Quarter 2024 Summary Revenue of $69.7 million, down 12.1% year-over-year and down 9.0% on a constant currency basis.Battery swapping service revenue of $32.5 million, up 0.6% year-over-year and up 4.1% on a constant currency basis.Introduced two new vehicles, namely Gogoro Pulse, our ne
TAIPEI, Taiwan, Feb. 7, 2024 /PRNewswire/ -- Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its fourth quarter and twelve months ended December 31, 2023. Fourth Quarter and Full Year 2023 Summary Fourth quarter revenue of $91.5 million, down 4.1% year-over-year and down 2.8% on a constant currency basis; Full year revenue of $349.8 million, down 8.6% year-over-year and down 4.6% on a constant currency basisFourth quarter battery swapping service
TAIPEI, Taiwan, Nov. 16, 2023 /PRNewswire/ -- Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its third quarter ended September 30, 2023. Third Quarter 2023 Summary Revenue of $91.8 million, down 10.2% year-over-year and down 6.5% on a constant currency basis;Battery swapping service revenue of $33.6 million, up 10.4% year-over-year and up 14.1% on a constant currency basis;Gross margin of 18.3%, up from 17.4% in the same quarter last year. Non-IF
TAIPEI, Taiwan, Aug. 10, 2023 /PRNewswire/ -- Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its second quarter ended June 30, 2023. Second Quarter 2023 Summary Revenue of $87.2 million, down 3.8% year-over-year and up 0.2% on a constant currency basisBattery swapping service revenue of $33.3 million, up 9.6% year-over-year and up 14.2% on a constant currency basisGross margin of 15.2%, up from 14.0% in the same quarter last year. Non-IFRS gross
TAIPEI, Taiwan, May 11, 2023 /PRNewswire/ -- Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its first quarter ended March 31, 2023. First quarter revenue of $79.3 million, down 16.0% year-over-year and down 8.8% on a constant currency basisFirst quarter battery swapping revenue of $32.3 million, up 9.8% year-over-year and up 19.2% on a constant currency basisFirst quarter net loss of $40.6 million, up from a net loss of $21.7 million in the same
TAIPEI, Taiwan, Feb. 16, 2023 /PRNewswire/ -- Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its fourth quarter and twelve months ended December 31, 2022. Fourth quarter revenue of $95.5 million, down 20.8% year-over-year and down 10.5% on a constant currency basis; Full year revenue of $382.8 million, up 4.6% year-over-year and up 11.7% on a constant currency basisFourth quarter network revenue of $31.4 million, up 19.5% year-over-year and up 34
TAIPEI, Taiwan, Nov. 10, 2022 /PRNewswire/ -- Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its third quarter ended September 30, 2022. Third Quarter Summary Revenue of $102.2 million, up 1.5% year-over-year and up 10.7% on a constant currency basis despite the complex macroeconomic environmentGogoro Network revenue of $30.4 million, up 17.7% year-over-year and up 28.5% on a constant currency basis. This demonstrates an increase in our battery s
TAIPEI, Taiwan, Aug. 11, 2022 /PRNewswire/ -- Gogoro Inc. (NASDAQ:GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its second quarter ended June 30, 2022. Second Quarter Highlights Revenue of $90.7 million, up 5.3% year-over-year despite the impact of COVID and continued adverse market conditions in Taiwan and other growth markets. Our revenue was negatively impacted by the approximately 6.7% change in exchange rate between TWD, our booking currency, and USD, our repo