Temasek Holdings, Singapore’s state investor, has backed a $300 million Series C investment in Taiwanese electric scooter manufacturer Gogoro. Other participants in the round are Generation Investment Management, Sumitomo Corporation and ENGIE, as well as existing investors Dr. Samuel Yin, chairman of Ruentex Group, Panasonic and others.
“One of the greatest challenges of our time is transitioning our cities to a smarter and more sustainable energy and transportation infrastructure. Gogoro provides a new approach for cities to embrace sustainable energy through a smart connected infrastructure and battery swapping system that has demonstrated success across Taiwan and Berlin,” said Horace Luke, co-founder and CEO of Gogoro.
