Gogoro, a Taiwan-based technology driven urban transportation company, completed a $300m Series C funding.
Backers included Temasek, Generation Investment Management, Sumitomo Corporation and ENGIE, which joined existing investors Dr. Samuel Yin, founder of the Tang Prize and chairman of Ruentex Group, Panasonic and others.
The company intends to use the funds for new expansion, research and development.
Founded in 2011 by Horace Luke, CEO, Gogoro provides the Gogoro Smartscooter™ EV, a smart electric two-wheel vehicle that utilizes the Gogoro Energy Network, an advanced battery-swapping infrastructure for consumers. The company launched Smartscooter™ EV and Gogoro Energy Network in 2015 in Taipei and rolled it out across Taiwan.
To date, more than 34,000 Gogoro Smartscooter™ EVs have been sold.