Gogoro announces $50M investment from Gold Sino Assets

Gogoro announced an agreement for $50M investment from Gold Sino Assets to continue its leadership in urban battery swapping ecosystems and smart mobility innovation to accelerate the shift to sustainable urban transportation. The share and warrant purchase agreement with Gold Sino, Gogoro’s largest shareholder, pursuant to which it will issue to Gold Sino 32,516,095 ordinary shares of Gogoro, par value $0.0001 per share, for an aggregate purchase price of $50M reflecting a per share purchase price of approximately $1.5377 and a warrant to purchase 10,838,698 ordinary shares of Gogoro with an exercise price of $1.6915 per share. The closing of the transactions is expected to occur within the next few days. The funding will be used to continue Gogoro’s growth and development in Taiwan and international expansion markets.