Taiwanese electric scooter maker Gogoro has raised a US$300 million series C round from Singapore’s state investment firm Temasek Holdings, London-based Generation Investment Management, Japan’s Sumitomo Corp and French electric utility company Engie. The round values the company at US$800 million post-money, Gogoro’s CEO Horace Luke told local media. Founded in 2011, Gogoro has developed a smart electric two-wheel vehicle, the Gogoro Smartscooter EV. The scooter utilizes a battery-swapping infrastructure requiring drivers to swap depleted batteries at one of the …
Temasek Joins $300M Round In Taiwanese Electric Scooter Maker Gogoro appeared first on China Money Network.