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GeoGlobal Resources (GGR) – Gogoro launches two-wheel battery – Press Release

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  • Developer of battery swap refueling platforms Gogoro Inc GGR has started its battery swap System and Smart Scooter in the greater Tel Aviv area.
  • In cooperation with Metro Motor and the Paz Group, the products will also be introduced in other cities in Israel in the future.
  • Metro Motor is a two-wheeler distribution company in Israel and Paz Group is an energy, gas and retail group in Israel.
  • The companies will open 10 battery swap stations and expect to deploy 35 battery swap stations by the end of 2022 and more than 150 stations within four years.
  • “First, in times of congested roads, two-wheeled vehicles are traffic jammers. Second, this is a breakthrough that heralds the transition to smart and green transportation through a collaboration that will enable battery swapping at gas stations and make them places for alternative energy supply,” said Meital Lehavi, Deputy Mayor of Tel Aviv-Yafo Municipality.
  • Gogoro smart scooters feature intelligent vehicle technology and include features such as the Gogoro app and bio-authentication.
  • Price promotion: GGR shares trade 0.52% lower at $4.50 on the latest check Tuesday.

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