Taiwan e-scooter king Gogoro set for April 5 Nasdaq listing

'Tesla of scooters' looks to raise $335mn from SPAC listing

Gogoro, which counts Taiwanese chipmaker Foxconn among its backers, expects to receive $335 million in cash after its merger with SPAC Poema Global Holdings. (Photo courtesy of Gogoro)

CHENG TING-FANG and LAULY LI, Nikkei staff writers

April 1, 2022 11:31 JST

TAIPEI -- Taiwanese electric scooter maker Gogoro said on Friday it will start trading on the Nasdaq on April 5 through a merger with a special-purpose acquisition company (SPAC) that will enable the company to raise at least $335 million.

Gogoro, which also sells battery swapping systems, said its own shareholders and those of Poema Global Holdings, the SPAC, gave the merger the go-ahead on Thursday. The merger will be completed on April 4 and Gogoro will begin trading on Nasdaq Global Select Market under the symbols "GGR" and "GGROW," respectively, the next day.