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Taiwan scooter maker Gogoro to list on Nasdaq in $2.35bn SPAC deal

Battery-swapping bikes to penetrate China and India markets

Taiwanese battery-swapping scooter company Gogoro is heading for the Nasdaq.    © AFP/Jiji

TAIPEI -- Taiwan's Gogoro, a leading battery-swapping electric scooter maker, announced on Thursday that it will merge with a special purpose acquisition company (SPAC) in a $2.35 billion deal to list in New York by early 2022 as it continues to ride the global clean energy wave.

Gogoro is one of Taiwan's most valuable startups and counts the National Development Fund, a government funding vehicle, and Temasek, Singapore's sovereign wealth fund, as investors. It said at a news conference that it will merge with Poema Global Holdings, the SPAC, in a deal that will put Gogoro's valuation at $2.35 billion.

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