Gogoro Inc. has announced a strategic partnership in the Philippines with Globe’s 917Ventures and Ayala Corporation to bring Battery Swapping and Smartscooters to the Philippines. The companies are initially focused on introducing vehicles for the last-mile delivery industry.
The companies will be launching a two-wheel battery-swapping pilot in Manila using Gogoro’s battery swapping and Smartscooters. The Smartscooters are powered by Gogoro’s Swap & Go battery swapping platform that uses distributed battery-swapping stations to enable convenient swapping of used batteries for new ones. This is expected to launch in Q1 2023.
“Gogoro is honored to have the support of the Philippine’s Department of Energy and the Department of Trade and Industry to kick start this new smart mobility movement in Manila that utilizes Gogoro’s intelligent battery swapping,” said Horace Luke, founder and CEO of Gogoro.
“We are committed to helping solve the climate crisis by introducing Gogoro to logistics businesses, helping them in their sustainability efforts. In addition, the Swap & Go technology will enable riders to be fully charged in just seconds and therefore eliminate the need for parking spots. Hopefully, this technology will encourage more Filipinos to switch to EV,” said Vince Yamat, Managing Director of 917Ventures.
“More than 25% of Taiwan’s quick commerce deliveries and almost all of their electric deliveries are powered by Gogoro’s battery-swapping technology, and we see this solution being most beneficial to a densely populated region like Metro Manila, which is also the hub of business districts,” said Patrick Aquino, Director of the Department of Energy’s Energy Utilization Management Bureau in the Philippines. “The success of this pilot will pave the way for a new sustainable business model in other cities in the country as well. The Philippines can learn from Taiwan’s experience.”
At the heart of Gogoro’s ecosystem is the Gogoro Network, a battery-swapping platform. With more than 520,000 riders and nearly 11,000 swapping stations at over 2,260 locations, Gogoro Network hosts more than 370,000 daily battery swaps with more than 360 million total battery swaps to date.
Quick Stats on the Philippines:
Total two-wheelers on the road = 8 million
Total population = 110 million
2 wheeler penetration = 7.3%
Annual sales: 1.7 million, growing at a 19% CAGR. By 2024, 2.4 million unit sales per year are estimated.
Additionally, under the Electric Vehicle Industry Development Act (EVIDA), the Philippine government has approved an executive order that will slash tariffs on some electric vehicles to 0% for five years. Source: Gogoro’s official LinkedIn page.
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