Gogoro
Gogoro operates the world's largest battery swapping network for electric two-wheelers, serving 670,000 subscribers across 50+ cities with 13,151+ GoStation racks. It manufactures and sells Smartscooters (Pulse, SuperSport, JEGO, etc.), licenses its Digital Drive powertrain to OEMs including Yamaha, Honda, and Hero, and runs the world's first battery-swapping Virtual Power Plant with Enel X and Taiwan Power Company.
- Company typePublic
- Founded2011
- HeadquartersTaipei, Taiwan
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Gogoro does
Gogoro operates the world's largest battery swapping network for electric two-wheel vehicles, combining an integrated stack of Smartscooter hardware, GoStation swap kiosks, SmartGEN AI energy orchestration, and a Virtual Power Plant grid service. Founded in 2011 in Taiwan and listed on Nasdaq (GGR) in April 2022 via SPAC business combination with Poema Global, the company has deployed 13,151+ GoStation racks across 50+ cities that have completed 895M+ cumulative battery swaps, serving 670,000 subscribers and 524,000+ riders in Taiwan — where it commands approximately 90% of the e-scooter market. The platform's proprietary components include the iQ System vehicle operating system with Apple Wallet / Apple Find My / Siri integration, the Digital Drive and Hyper Drive powertrains, the 10.25-inch iQ Touch HD dashboard on a Qualcomm Snapdragon QWM2290 SoC, and the world's first battery-swapping Virtual Power Plant connected to Taiwan Power Company via Enel X.
Gogoro generates revenue across multiple streams: one-time Smartscooter hardware sales across 11+ models (Pulse, SuperSport, Delight, CrossOver, JEGO, VIVA XL, VIVA MIX, VIVA, S1, Ezzy, upcoming Luna), recurring Battery-as-a-Service subscriptions on Flex, Fixed, and Fleet tiers, OEM licensing of the Digital Drive powertrain and battery swapping platform to Yamaha, Hero MotoCorp, Honda, Aeon, PGO, and Suzuki Taiwan, enterprise fleet and MaaS revenue via GoShare and partnerships (Uber Eats Taiwan Green Delivery Program ~US$30M, TSMC sustainable transport, Zypp Electric), and after-sales service across 126 service centers in Taiwan. The company is now expanding internationally through channel partnerships: Copec in Chile, Nebula Energy in Nepal, Zypp Electric in India, with planned pilots in Vietnam (Ho Chi Minh City, Q2 2026) and a Sumitomo Corporation MoU for global acceleration.
Distribution follows a hybrid model combining direct-to-consumer retail (Gogoro Urban Concept Stores, Quick Stores, gogoro.com), channel/reseller partners for international markets, OEM embedded licensing for partner-brand vehicles, and direct enterprise field sales for fleet customers. The Smart Factory manufacturing system uses robot automation, AGVs powered by Gogoro's own Smart Batteries, and a custom MES, requiring half the space of traditional factories. Hardware sales declined 46.3% in FY2025 and 9.8% in Q1 2026, but the recurring battery-swapping business grew 6.2% YoY in Q1 2026, supporting record adjusted EBITDA of US$59.9M in FY2025 and a narrowed net loss. Gold Sino Assets Limited became controlling shareholder (~49%) via a US$16.7M investment in March 2026, the first tranche of an US$80M committed facility.
Gogoro firmographics
Firmographics- Name
- Gogoro
- Legal name
- Gogoro Inc.
- Website
- https://gogoro.com
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Gogoro operates the world's largest battery swapping network for electric two-wheelers, serving 670,000 subscribers across 50+ cities with 13,151+ GoStation racks. It manufactures and sells Smartscooters (Pulse, SuperSport, JEGO, etc.), licenses its Digital Drive powertrain to OEMs including Yamaha, Honda, and Hero, and runs the world's first battery-swapping Virtual Power Plant with Enel X and Taiwan Power Company.
- Ownership category
- akta.pro rank
Gogoro industry classification
Industry- Product category
- Electric Two-Wheeler Mobility
- NAICS
- Battery Manufacturing (33591)
- SIC
- Motorcycles, Bicycles & Parts (3751)
- akta.pro primary industry
- EV Battery Warranty, Degradation Analytics & Lifecycle Optimization for V2G (EUAFAMAL)
- akta.pro secondary industries
- Electric Motorcycles & Electric Scooters Manufacturing (IMACAEAB), E-scooters & E-mopeds Manufacturing (IMACAOAB)
Keywords
Where Gogoro is headquartered
LocationHeadquarters
- HQ city
- Taipei
- HQ country
- Taiwan
- HQ region
- Asia
Offices7 records
Markets served
Gogoro business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Infrastructure, Operations, Marketing or Sales, Personnel
Revenue model
- Smartscooter / Vehicle Hardware Sales: One-time sales of electric two-wheelers (Smartscooters) including Pulse, SuperSport, Delight, CrossOver, JEGO, 2 Series, VIVA XL, VIVA MIX, VIVA, S1, and India-made CrossOver GX250. Hardware sales declined 9.8% YoY in Q1 2026 and 46.3% in FY2025.
- Battery Swapping Subscription (BaaS): Recurring subscription revenue from battery swapping plans (Flex, Fixed, Fleet) where subscribers pay for monthly battery access through GoStation network; Q1 2026 battery swapping revenue was $36.6M (up 6.2% YoY) on 670,000 subscribers (+4% YoY). Recurring, usage-driven.
- B2B Fleet Management & Sharing (GoShare): Revenue from enterprise fleet deployments, last-mile delivery partnerships, and shared mobility (GoShare) — including Uber Eats Taiwan Green Delivery Program (~$30M), Zypp Electric, TSMC, Nebula Energy, and other B2B customers; licensing of MaaS platform to operators.
- OEM / Platform Licensing & Digital Drive Powertrains: Licensing of Gogoro's battery swapping platform and Digital Drive powertrain technology to OEM partners including Yamaha, Hero, Aeon, PGO, Suzuki Taiwan, and others; partners build their own electric two-wheelers powered by Gogoro Network.
- After-Sales Service, Parts & Accessories: Revenue from service centers, maintenance, parts, accessories, and extended warranties across 126 service centers and roadside assistance programs.
- Virtual Power Plant / Grid Services Revenue: Potential revenue stream from VPP participation in Taiwan Power Company's Ancillary Service market through Enel X; planned future monetization of grid services via GoStation sites.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Flex battery subscription — pay for the power you use each month |
| Subscription | Monthly | Fixed battery subscription — predictable monthly fee |
| Subscription | Monthly | Fleet commercial battery subscription — high-volume commercial plan |
| One time/ perpetual license | Pay-as-you-go | Smartscooter hardware purchase — one-time vehicle purchase |
Go-to-market motion5 records
Distribution channels8 records
Marketing channels9 records
Gogoro product offering
Product offeringCore offering
Gogoro designs, manufactures, and sells Smartscooter electric two-wheelers and operates the Gogoro Network, an open, cloud-connected battery swapping platform with 13,151+ GoStation racks across 50+ cities. Revenue is generated through Smartscooter hardware sales, recurring Battery-as-a-Service (BaaS) subscription plans (Flex, Fixed, Fleet), B2B fleet programs for delivery operators, and licensing of its Digital Drive powertrain technology to motorcycle OEMs including Yamaha, Hero MotoCorp, and Honda.
Product overview
Gogoro operates an integrated battery swapping ecosystem that combines a portfolio of Smartscooter electric two-wheeler models — the flagship Gogoro Pulse, the high-performance Gogoro SuperSport, the lifestyle Gogoro Delight, the utility Gogoro CrossOver, the urban commuter Gogoro 2 Series, the entry-level Gogoro JEGO, the family-sized Gogoro VIVA XL, the nimble Gogoro VIVA MIX, the compact Gogoro VIVA, the premium Gogoro S1, the café-racer-styled Gogoro S2 Café Racer, the recently introduced affordable Gogoro Ezzy, and the upcoming 2026 in-wheel-motor Gogoro Luna — with the Gogoro Network, a global platform of GoStation battery swapping sites backed by SmartGEN AI energy management, a Smart Battery product line, and a Virtual Power Plant (VPP) grid service integrated with Enel X and Taiwan Power Company. The platform's modular architecture centers on the iQ System onboard operating system, the Gogoro companion App, and the Gogoro Platform core software, enabling over-the-air updates, smart features, and integration with the Apple ecosystem (Apple Wallet digital key, Apple Find My, Siri, Apple Watch). Commercial offerings include GoShare vehicle sharing, Battery-as-a-Service (BaaS) subscription plans (Flex/Fixed/Fleet), Smart Factory manufacturing, and the Eeyo Smartwheel e-bike product line. Partner brands including Yamaha, Hero, Aeon, PGO, and Suzuki Taiwan build vehicles on the Gogoro Network platform using Gogoro's Digital Drive powertrains.
Differentiator
Problem solved
Functional benefit
Brands
- Gogoro Network: World's largest battery swapping network featuring GoStation sites and SmartGEN AI energy management.
- Gogoro Smartscooter
- GoShare
- SmartGEN
- iQ System
Products and services
- Gogoro Pulse Smartscooter Flagship hyper-electric Smartscooter featuring AEROFORCE aerodynamic design, Hyper Drive powertrain with H1 motor (9.0 kW, 0-50 km/h in 3.05s, 378 Nm torque), Active Matrix Lighting with 13 LEDs, and 10.25-inch iQ Touch HD panoramic display powered by Qualcomm Snapdragon QWM2290. Supports Apple Wallet digital key, Apple Find My, and Siri integration.
- Gogoro SuperSport Smartscooter High-performance Smartscooter built around the SSmartcore processor with Traction Control System, BOSCH ABS 10, Class D LED headlights, FLO Drive carbon belt, 7.6 kW output, and up to 96 km/h top speed. Available in SuperSport ACE (with LTE Remote Connection Service) and SuperSport TCS variants.
Companies that use Gogoro
Customer profileNamed customers10 records
Segments7 records
Ideal customer profiles6 records
Gogoro technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability11 records
Feature9 records
Gogoro partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered flagship, core and minor.
- HondaflagshipStrategic battery-swapping partnership announced April 2025 per LinkedIn shared motorcycle market report. Honda also plans 500 swapping stations across major Indian cities by 2026. Yamaha and Honda also expanding electric scooter offerings through Gogoro's infrastructure.
- CopeccoreLaunching Gogoro battery swapping and Smartscooters in Santiago, Chile starting with 10 GoStations and plans for 18 stations by year-end 2024. Part of broader Latin American rollout to make battery swapping accessible for both consumer and delivery riders.
- Nebula EnergycoreCommercial launch in Kathmandu, Nepal for October 2024 with 45 battery swapping locations and three Smartscooter models (Pulse, JEGO, CrossOver GX250) unveiled at NADA Auto Show. Plans to deploy more battery swapping stations than petrol stations in Nepal.
- Singapore Channel Partner (unnamed)coreSales of electric scooters and battery-swapping infrastructure launched in Singapore as part of Southeast Asia expansion, leveraging Gogoro's technology for 'Garden City' sustainable transport blueprint.
- TSMCflagshipAnnounced three new sustainable transportation initiatives across Taiwan with TSMC in April 2024 to advance clean energy focus; ongoing corporate mobility partnership.
- Sumitomo Corporation and Sumitomo Mitsui Finance and LeasingcoreSigned memorandum of understanding in April 2024 to accelerate Gogoro's global expansion across international markets, leveraging Sumitomo Group's global business network and financing capabilities.
- Zypp ElectriccoreVehicle and battery swapping pilot project in Delhi, India for last-mile delivery electrification. Deployed 340 batteries covering 1,483 km² of riding distance across 5 logistic partner brands. GNOP system integration enables real-time monitoring of battery status and usage patterns.
- Uber Eats TaiwanflagshipTwo-year Green Delivery Program worth nearly US$30M jointly funded by both companies. Provides Uber Eats delivery partners discounted Smartscooters and battery swapping pricing, plus incentives for EV deliveries. Aims to double EV deliveries from ~20% to 40% of all Uber Eats Taiwan trips by end of 2025.
- Enel X (and Taiwan Power Company)flagshipEnel X VPP integration connects 2,500+ GoStations across 1,000+ locations in Taiwan to Taiwan Power Company's Ancillary Service market for grid stability. GoStations pause charging within seconds during grid imbalances. World's first battery swapping Virtual Power Plant.
- Qualcomm TechnologiescoreSnapdragon Digital Chassis QWM2290 SoC powers Gogoro Pulse's iQ Touch HD 10.25-inch panoramic HD touch display — world's first two-wheeler to use Qualcomm's QWM2290. Continuing collaboration on smart solutions for two-wheelers and new vehicle classes.
- AppleflagshipScooter key in Apple Wallet (world's first two-wheel brand supporting Apple's digital key), Apple Find My integration, and Siri integration across Pulse and other Smartscooters via iQ System.
- YamahaflagshipOEM partner adopting Gogoro's Digital Drive powertrain and battery swapping platform to create Yamaha's own line of smart electric two-wheelers powered by Gogoro Network.
- Hero MotoCorpflagshipStrategic alliance planning modular battery swap stations in India from 2026 (per emobility); Hero-Gogoro alliance leveraging Hero's last-mile mobility distribution and Gogoro's swapping technology.
- Aeon, PGO, Suzuki TaiwancoreOEM partners adopting Gogoro's Digital Drive powertrain and creating their own lines of smart electric two-wheelers powered by Gogoro Network.
- Vmoto, Stellantis, Geely, Indian Oil, Atul AutominorMentioned in GlobalData industry analysis as companies developing or expanding battery-swapping networks with collaborations spanning multiple OEMs to standardize swapping infrastructure in China, India, and other markets.
Scale indicators20 records
Recent moves13 records
Expansion highlights5 records
Gogoro competitors and assessment
Company assessmentEmerging players
- Bounce Infinity: India-based electric scooter OEM and battery-swapping operator targeting the same last-mile delivery and urban commuter segments as Gogoro's India pilots with Zypp Electric.
- NIO Power: NIO's battery-swapping business unit, the largest four-wheeler battery-swap operator globally. Comparable as a swap-as-a-service platform pioneer with similar VPP ambitions, though focused on passenger EVs rather than two-wheelers.
Direct peers
- Ola Electric: India's largest pure-play electric two-wheeler manufacturer with its own charging/swap ambitions. Comparable in product category, target geography and consumer two-wheeler EV focus.
- Niu Technologies: China-based maker of smart electric scooters with app-connected vehicles and swappable battery systems. Closest direct comparable in product category, target market (urban commuters) and connected/IoT vehicle approach to Gogoro.
- Sun Mobility: India-headquartered battery-swapping network operator for electric two- and three-wheelers. Directly comparable in business model (interoperable battery swap-as-a-service) and target customers (last-mile delivery fleets and urban riders).
- Vmoto (V-Moto / Super Soco): Australia/China-headquartered electric two-wheeler OEM with global distribution. Comparable in product category (premium and commuter electric scooters/motorcycles) and target urban commuter customers.
Broad incumbents
- Yadea Group Holdings: World's largest electric two-wheeler manufacturer by volume. Operates broadly in the same category with both charge-based and swap-based offerings, but lacks an open battery-swapping platform at Gogoro's scale.
- Hero MotoCorp: India's largest two-wheeler OEM and a strategic Gogoro partner planning its own modular swap stations from 2026. Comparable as a partner/competitor at the intersection of OEM scale and battery-swapping adoption.
- Honda Motor Co. Global two-wheeler leader and Gogoro battery-swap partner, planning 500 swap stations across major Indian cities by 2026. A broader incumbent also building competing swap infrastructure at scale.
- Yamaha Motor Co. Global motorcycle OEM that licenses Gogoro's Digital Drive powertrain to build electric two-wheelers on Gogoro Network. Comparable as a partner and broader incumbent in the same OEM-to-swap-platform ecosystem.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks7 records
Key highlights7 records
Customer concentration
Gogoro social profiles
Digital presenceGogoro compliance and trust
Trust signalCompliance2 records
Gogoro financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gogoro leadership team
Management profileNumber of profiles
Profiles5 records
Gogoro subsidiaries and ownership
Company hierarchySubsidiaries5 records
Gogoro funding detail
Funding detailFunding overview
Funding rounds9 records
Investors24 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gogoro M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Gogoro
What does Gogoro do?
Gogoro designs, manufactures, and sells Smartscooter electric two-wheelers and operates the Gogoro Network, an open, cloud-connected battery swapping platform with 13,151+ GoStation racks across 50+ cities. Revenue is generated through Smartscooter hardware sales, recurring Battery-as-a-Service (BaaS) subscription plans (Flex, Fixed, Fleet), B2B fleet programs for delivery operators, and licensing of its Digital Drive powertrain technology to motorcycle OEMs including Yamaha, Hero MotoCorp, and Honda.
Is Gogoro a public or private company?
Gogoro is a public company. It is classified as public and is currently operating.
When was Gogoro founded?
Gogoro was founded in 2011. It employs 1,001 to 5,000 people.
Where is Gogoro based?
Gogoro is headquartered in Taipei, Taiwan, in the Asia region.
How does Gogoro make money?
Six revenue lines are on record. Smartscooter / Vehicle Hardware Sales are the primary driver. The others are battery Swapping Subscription (BaaS), B2B Fleet Management & Sharing (GoShare), OEM / Platform Licensing & Digital Drive Powertrains, after-Sales Service, Parts & Accessories and virtual Power Plant / Grid Services Revenue.
Who are Gogoro's main competitors?
Emerging players on record are Bounce Infinity and NIO Power. Direct peers are Ola Electric, Niu Technologies, Sun Mobility and Vmoto (V-Moto / Super Soco). Broad incumbents are Yadea Group Holdings, Hero MotoCorp, Honda Motor Co. and Yamaha Motor Co..
Does Gogoro have an API?
No public API is recorded for Gogoro.
What industry is Gogoro in?
Gogoro's product category is Electric Two-Wheeler Mobility. Its primary akta.pro industry code is EUAFAMAL, EV Battery Warranty, Degradation Analytics & Lifecycle Optimization for V2G, with a secondary code of IMACAEAB, Electric Motorcycles & Electric Scooters Manufacturing. Its NAICS code is 33591 and its SIC code is 3751.