Castrol invests in Gogoro, a two-wheeler battery swapping leader [Yahoo! Finance]
Gogoro Inc. - Ordinary Shares (GGR)
Company Research
Source: Yahoo! Finance
of up to US$50 million in Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable smart mobility solutions for cities. In the first tranche of the investment, Castrol Holdings, an affiliate of Castrol, will invest US$25 million in ordinary shares of Gogoro. This investment is expected to be followed by a second US$25 million investment in the form of a convertible note, which is subject to the consummation of certain transactions by the parties in connection with their business collaboration. The first tranche investment will result in Castrol acquiring approximately 5.72% of Gogoro's outstanding ordinary shares and it will be Castrol's first step to unlock diversification opportunities beyond its core lubricants and fluids business under its new ' Onward, Upward, Forward ' strategy. "Two-wheelers are a critical part of our global product portfolio and as our customers transition to electric two-wheelers the Castrol brand has an important
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GGR
News
- AVAS Market worth USD 1.7 billion by 2030| MarketsandMarkets [Yahoo! Finance]Yahoo! Finance
- Castrol invests in Gogoro, a two-wheeler battery swapping leaderPR Newswire
- Castrol invests in Gogoro, a two-wheeler battery swapping leaderPR Newswire
- Electric Scooter Market worth $12.4 billion by 2030 | MarketsandMarkets [Yahoo! Finance]Yahoo! Finance
- Strategic Profiling of Gogoro: Technology Know-how and Notable Partnerships Unlock Growth Opportunities in Battery-swapping Ecosystems Across Key Two-wheeler Regions [Yahoo! Finance]Yahoo! Finance
GGR
Earnings
- 2/7/24 - Miss
GGR
Sec Filings
- 6/25/24 - Form 6-K
- 6/11/24 - Form SC
- 6/5/24 - Form SC
- GGR's page on the SEC website