Infinite Machine raises $9M a16z-led round to convince Americans to buy scooters [TechCrunch]
Gogoro Inc. - Ordinary Shares (GGR)
Company Research
Source: TechCrunch
Now one of Silicon Valley's biggest venture capital firms is backing the startup's vision of filling the world's cities with Infinite Machine's futuristic vehicles in a big way. The New York-based startup has closed a $9 million seed round led by Andreessen Horowitz's American Dynamism team as it preps for production and initial deliveries next year of the $10,000 “launch edition” of its P1 scooter. Also participating in the round were VC firms Adjacent and Necessary Ventures, as well as the founders of womenswear company Reformation, software platform Replit, and AI startup HuggingFace. “While others are kind of leaning out [of hard tech], they're leaning in,” Joseph Cohen, who co-founded Infinite Machine with his brother Eddie, told TechCrunch in a recent interview about securing a16z as an investor. “They want to do hard things, and they recognize a kindred spirit in what we're doing.” This is an interesting choice for this a16z unit, which is better known for its defense tec
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News
- Gogoro Earns Frost & Sullivan's 2024 Global Company of the Year Award for Pioneering Sustainable Urban Mobility with Groundbreaking Battery-swapping Platform and Ecosystem [Yahoo! Finance]Yahoo! Finance
- Gogoro Inc. Investors: Company Investigated by the Portnoy Law FirmGlobeNewswire
- $1.2 Billion Electric Scooter Motors Industry Forecast, 2030: Regional Markets Analysis, Trends & Opportunities, Case Studies, Ecosystem & Supply Chain, Pricing, Competition and More [Yahoo! Finance]Yahoo! Finance
- Gogoro Inc. (NASDAQ: GGR) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Gogoro Inc. (NASDAQ: GGR) had its "neutral" rating re-affirmed by analysts at Citigroup Inc.. They now have a $0.50 price target on the stock, down previously from $2.30.MarketBeat
GGR
Earnings
- 2/7/24 - Miss
GGR
Sec Filings
- 11/14/24 - Form 6-K
- 11/1/24 - Form 6-K
- GGR's page on the SEC website