Gogoro, Bikebank To Launch Smartscooters And Battery Swapping Across Eight Korean Cities

Battery swapping solutions provider Gogoro Inc GGR said it is expanding its partnership with Bikebank in Korea.
Bikebank was founded in 2019 to improve Korea's two-wheeled vehicle environment and to develop and supply eco-friendly mobility.
The companies will introduce Gogoro Smartscooters and battery swapping to Korean consumers in Q3 2023 under the Dotstation brand, expanding their battery swapping network to seven additional cities beyond Seoul.
Gogoro Smartscooters and battery swapping have been operating in Seoul for food deliveries since 2019.
Also Read: Gogoro Posts 16% Decline In Q1 Revenue, Dragged By Seasonally Lower Volume In Taiwan
Bikebank has opened two Dotstation retail stores for consumers and last mile delivery riders and expanded the battery swapping network to more than 70 battery swapping stations across Korea.
Price Action: GGR shares closed lower by 3.21% at $3.02 on Tuesday.