Gogoro secures US$16.7 million new equity investment from Gold Sino Assets Limited
Gogoro secured US$16.7 million in new equity from Gold Sino Assets Limited to accelerate its battery swapping network expansion. This investment from the Hong Kong-based firm underscores growing capital interest in.
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- US$16.7 million new equity investment from Gold Sino Assets Limited.
- Gogoro Inc. holds 90% of Taiwan's e-scooter market.
- Gogoro's network supports over 524,000 riders in Taiwan.
- Gogoro's battery swapping network has facilitated 7 billion km total distance ridden.
- Gold Sino Assets Limited is a Hong Kong-based investor.
Source Intelligence
The New Equity Investment will comprise of 5,300,000 newly issued ordinary shares, par value US$0.002 per share, of the Company to be subscribed by Gold Sino for a total subscription price of US$16,695,000, reflecting a per share subscription price of US$3.15, which is a ten percent discount to the 30-day Variable Weighted Average price as of March 6, 2026. Upon completion of the New Equity Investment, Gold Sino is expected to hold 49% of the Company’s total outstanding shares. Gold Sino is currently the Company's largest shareholder that holds 31.4% of the Company’s total outstanding shares. The Company will issue Ordinary Shares that are not registered with the U.S. Securities and Exchange Commission to Gold Sino, but has granted Gold Sino certain customary registration rights with respect to such shares. Closing of the New Equity Investment is subject to certain customary closing conditions including any required clearance with Nasdaq. The New Equity Investment was approved by the audit committee and board of directors of the Company. The New Equity Investment will be the first equity investment secured by Mr. Yin Chung Yao pursuant to the undertaking he provided to the Company’s lenders led by Mega International Commercial Bank Co., Ltd. as announced by the Company on September 16, 2025.
"Gogoro Inc. (“Gogoro,” “the Company” or “We”) (Nasdaq: GGR), a global technology leader in battery swapping ecosystems"
"entered into a Share Purchase Agreement (the “SPA”) with Gold Sino Assets Limited (“Gold Sino”) on March 11, 2026, the Company’s largest shareholder"
"undertaking he provided to the Company’s lenders led by Mega International Commercial Bank Co., Ltd."
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