Taiwan electric scooter maker Gogoro announced on Tuesday it has closed a Series C investment of $300 million.Investors in the round include Singapore state-owned investment firm Temasek, Al Gore's Generation Investment Management, Japanese trading company Sumitomo Corporation and French utility Engie.
Gogoro had previously raised two rounds of capital totaling $170 million.
Gogoro builds sleek high-performance electric scooters. It looks something like what you’d get if you mated a Vespa and an iPhone -- which makes sense given Luke's background as chief innovation officer of HTC during its smartphone heyday. Since launching the product in 2015, the company has sold 30,000 vehicles.
The company currently runs more than 400 stations across Taiwan that lets Gogoro owners the ability to drive from the north in Taipei (where the most dense network of stations is installed) to the southern tip of the island.
The company has also recently expanded to Berlin and Paris, but the rollout outside of Taiwan remains limited for now. And the United States is likely far away, because scooters just don't have much appeal among American consumers.
“As you look at Tesla’s momentum, they’re still really addressing the 1% to 2% of the world,” Luke said. “We’re trying to address a bulk of the world.”Read more: The Tesla Of Scooters Is Driving Asia's Two-Wheel Revolution
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