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Gogoro, the e-scooter and battery-swapping company, will hit Latin American roads later this year. The Taiwanese company has partnered with Copec, a Chile-based energy major, to launch in Chile and Colombia by the second quarter of 2024.
Copec, which operates over 3,000 service stations and retail stores across the region, will install Gogoro’s battery-swapping stations at its service locations in Santiago and Bogota (via its Terpel subsidiary). This is said to be Latin America’s first battery-swapping network, adding to Copec’s existing electric charging network for EVs.
Copec will also sell and service Gogoro’s Smartscooters at its outlets.
“On average, last-mile delivery riders ride more than six times the distance as consumer riders, so enabling these delivery riders to adopt smart sustainable electric transportation can have an accelerated impact on cities,” said Horace Luke, founder and CEO of Gogoro, in a statement.
The partnership marks the latest step in Gogoro’s global expansion efforts. In May last year, the company launched its smart-scooter service in Korea in partnership with Bikebank, which provides maintenance and other services for electric two-wheelers in the country.
Gogoro also began consumer sales of its e-scooters in the Philippines in December 2023. The firm has partnered with local conglomerate Ayala Corporation and 917Ventures to enter Southeast Asia.
However, Gogoro posted a 10.2% year-on-year decline in revenue to US$91.8 million for Q3 2023, its latest financial report showed. Its battery-swapping service remained a bright spot, with revenue from the segment growing 10.4% to US$33.6 million in the quarter compared to the same year-ago period.
See also: Mapping SEA’s electric vehicle players
Editing by Putra Muskita and Dhania Putri Sarahtika
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