Taiwan's Gogoro Unveils Smart Electric Scooters, Battery Network In India

Gogoro, a Taiwanese electric scooter manufacturer, has marked its official entry into India, the world’s largest two-wheeler market, by launching a battery-swapping network and three smart scooters. Gogoro CEO Horace Luke sees India as a pivotal manufacturing hub, with plans to begin exporting these smart scooters from India to Nepal, in collaboration with Nebula Energy.

What Happened? Gogoro’s strategic entry in India involves launching battery-swapping networks initially targeting business-to-business customers in Delhi and Goa, expanding to Mumbai and Pune in 2024, and eventually opening up to consumers.

Accompanying this network, Gogoro introduced the India-manufactured CrossOver GX250, which is tailored to Indian roads and commuter needs, with a planned rollout of the CrossOver 50 and CrossOver S in 2024.

See also: This Tata Stock Has Surged 25% This Year, Analysts See Further 17% Rally

The CrossOver GX250, produced at a Foxconn facility in Maharashtra, boasts a 2.5 kW Direct Drive system for speeds over 60 kph and versatile cargo areas, catering to the specific demands of Indian riders.

What next? Gogoro’s expansion plans in India don’t stop there. Later this month, they’ll launch the GoShare mobility-as-a-service platform in Goa, partnering with FutureEV to offer battery swapping and smart scooters. This move aligns with India’s goal to have 30% of its fleet electric by 2030, following a notable surge in EV sales.

Gogoro’s commitment to India began in 2021 with a partnership with Hero MotoCorp and continued with significant investments, including a $1.5 billion commitment in Maharashtra and backing EV startup Zypp Electric.

Read next: Why This Tata Stock Jumped Back In Green After 2 Days

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: NewsRetail SalesTechelectric vehiclesGogoro