Gogoro To Launch In Israel This Summer

   Release date: 2022-06-29     Source: Gogoro    Author: Jason Gordon    Hits: 112    
Note: Metro Motor, Paz Group and Gogoro Partner To Launch Battery Swapping Ecosystem in Tel Aviv Metro Area and In Other Cities In the Future
 TEL AVIV, ISRAEL – Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping
ecosystems that enable sustainable mobility solutions for cities, today announced it was
partnering with industry leaders, Metro Motor and Paz Group in Israel to launch its industry
leading battery swapping platform and Smartscooters in the Tel Aviv metropolitan area this
summer and other cities in Israel in the future. Metro Motor is a top two-wheel vehicle distributor
in Israel and Paz Group is a leading gas and energy company in Israel. 

“We are excited to be launching in Israel, one of the most innovative and technology forward countries in the world
to establish a new era of urban two-wheel mobility. We are partnering with two industry leaders Metro Motor and Paz,
to bring Gogoro’s next generation battery swapping ecosystem to the Tel Aviv metro area this summer and additional
cities in the future,” said Horace Luke, founder, chairman, and chief executive officer of Gogoro. “Gogoro was created
to introduce a mass market shift to sustainable energy in densely populated cities by establishing an intelligent urban
ecosystem that introduces a new refueling system for electric two-wheel vehicles. Today, Gogoro manages more than
350,000 battery swaps per day and since 2015 has exceeded 275 million battery swaps.”


“We are proud to announce our collaboration with Gogoro and excited to begin marketing their innovative
Smartscooters in Israel. The introduction of Gogoro into the Israeli market is excellent news for two-wheeler
enthusiasts and is likely to be a significant growth engine for the company, ever deepening its presence in the
electric two-wheeler market,” said Gadi Aviram, the chairman of the board of Metro Motor. “This new
collaboration aligns with Metro Motor's vision of constantly updating the standards by which they operate,
maintaining the status as an industry-leader. We provide the public optimization of user experience, fashion,
environmental protection, and affective economic package.”

"Paz is proud to bring to Israel the amazing Gogoro Smartscooters - an innovative transportation solution
tailored to the Israeli lifestyle,” said Nir Stern, CEO of Paz. “Paz will lead the “battery swapping” platform for the
scooters as part of the company's electric vehicle charging department, and will offer dedicated services to
users at our stations and through our app."

At the heart of Gogoro’s ecosystem is the Gogoro Network, an open and interoperable battery swapping
platform that was recognized in 2021 by Guidehouse Insights as the leading battery swapping company for
lightweight urban vehicles in the world. Gogoro Network is a new generation of swappable battery refueling
that is smart, scalable, and continually optimizing itself to be dynamic and versatile for people, communities,
and businesses. With more than 465,000 riders and over 10,000 battery swapping GoStations at over 2,185
locations, Gogoro Network is hosting 350,000 daily battery swaps with more than 275 million total battery
swaps to date.

Gogoro Network battery swapping has demonstrated interoperable success by enabling multiple generations
of batteries, swapping stations and vehicles to integrate and work together. For example, Gogoro’s first batteries
from 2015 can work on its latest vehicles and can integrate across different generations of GoStations.