Gogoro Inc. Surpasses 500,000 Monthly Subscribers in Taiwan

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Gogoro Inc($NASDAQ:GGR) has announced that it has surpassed 500,000 monthly subscribers in Taiwan, thanks to its innovative electric two-wheeler battery swapping technology. Launched in 2015, Gogoro’s swapping network is hosting 340,000 daily battery swaps with more than 325 million total battery swaps to date. This impressive milestone is sure to have a positive impact on Gogoro’s market share and earnings in the long term.

Share Price

This is a significant milestone for the company, which has been working hard to expand its presence in the Taiwanese market. Gogoro Inc stock opened at $5.0 on Wednesday and closed at $5.1, up by 1.2% from prior closing price of 5.0. This is a positive sign for the company, which is looking to build on its recent success in Taiwan.

VI Analysis

A company’s fundamentals reflect its long term potential. The VI app makes it easy to analyze a company’s financials. The VI Star Chart shows that GOGORO INC has an intermediate health score of 5/10, considering its cashflows and debt. This means that the company might be able to sustain future operations in times of crisis. GOGORO INC is strong in , medium in asset and weak in dividend, growth, profitability. GOGORO INC is classified as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Due to its moderate growth rate, such company is deemed less risky and volatile as it pursuits a sustainable growth rate.

Summary

Gogoro’s success is due to its innovative scooter design, which is both stylish and functional. The scooters are also very easy to use, and can be booked and paid for using the company’s smartphone app. What’s more, Gogoro offers a unique battery-swapping system that allows users to swap their depleted batteries for charged ones at any of the company’s many ‘GoStations’. This means that users never have to worry about running out of power, and can always rely on having a charged scooter when they need it. Investing in Gogoro Inc could be a wise move, as the company is clearly disrupting the traditional scooter market with its innovative products and services.