Battery swapping ecosystem company Gogoro® and Poema Global Holdings today announced strategic partner Hero MotoCorp, Engine No. 1 and another investor will make a PIPE investment, raising the oversubscribed PIPE from $257 million to $285 million.
The existing PIPE is funded by investors including strategic partners Hon Hai (Foxconn) Technology Group and GoTo Group, the largest technology group in Indonesia, Gogoro vehicle partners, and new and existing financial investors including Generation Investment Management, Temasek as well as Gogoro’s founding investor, Dr. Samuel Yin of Ruentex Group.
The deal values the combined enterpirse at $2.35 billion and is expected to provide approximately $550 million to Gogoro at closing, if approved. Read more.
