Taiwan’s Gogoro plans to rev up India investment to make electric 2-wheelers

NEW DELHI: Taiwan’s Gogoro is looking to scale up investments in the Indian market to make electric two-wheelers locally and set up a battery swapping network to support these vehicles over the next few years.

“We have invested $650-700 million in Taiwan so far to set up 12,000 swapping stations, which has in circulation 1.3 million batteries for us and our partners. The Indian market is 20X that. To set up a swapping network pan-India, the investments will run into several billion dollars. We are not shy of making investments given the potential in the market here,” said Horace Luke, Global CEO, Gogoro.