Gogoro Inc. (Nasdaq: GGR), a prominent technology innovator in battery-swapping ecosystems designed to foster eco-friendly urban mobility solutions, unveiled a Memorandum of Understanding (MoU) in collaboration with Hindustan Petroleum Corporation Ltd. (HPCL), a significant player in the Indian oil industry boasting over 21,000 retail outlets.
Gogoro Battery Swap System
Boasting a greater presence in Taiwanese cities than traditional gas stations, the Gogoro Network represents a cutting-edge system for swapping and refueling batteries. It’s an intelligent, secure, and continually evolving solution that caters to the needs of riders, businesses, and communities. The Gogoro Network serves nearly 600,000 riders and maintains a fleet of over 1.3 million smart batteries available at its network of 12,000 battery swapping stations across 2,500+ locations.
With over 400,000 daily battery exchanges and a cumulative total of nearly 500 million battery swaps, Gogoro Network’s battery swapping system has contributed to reducing over 750,000 tons of CO2 emissions since its inception.
Let’s see what Horace Luke, Gogoro’s Founder and CEO, has to say about this collaboration.
” India is in the early stages of a massive electric transformation of its urban two-wheel transportation system and it is increasingly evident that battery swapping is a critical component to broad adoption, so building out the swapping infrastructure is crucial. Today, we are announcing a partnership with HPCL, one of India’s leading oil companies, to roll out thousands of Gogoro battery swapping stations across its retail outlets throughout the country in the coming years”.
He further adds,
“There is nowhere on earth that needs smart electric transportation more than India, and Gogoro is joining together with the Indian business community and national and local governments to deploy a battery swapping and electric vehicle ecosystem that is open, accessible, and scalable.”
DK Sharman, Executive Director, of Corporate Strategy and Business Development at HPCL, also has commented on this partnership. He says,
”HPCL and Gogoro are partnering to develop a broad battery swapping infrastructure for two-wheel vehicles that will both grow and sustain a leading electric vehicle ecosystem in India that is safe, clean, and readily available across India’s cities. Gogoro has demonstrated its global leadership in battery swapping and electric two-wheel innovation and with nearly 500 million battery swaps to date has developed a platform we can embrace and emulate”.