Gogoro is First Foreign Two-wheel Vehicle OEM and Battery Swapping Provider to be Recognized by the Small Industries Development Bank of India (SIDBI)

Posted under: MSME
Date: 2023-11-30
Gogoro is First Foreign Two-wheel Vehicle OEM and Battery Swapping Provider to be Recognized by the Small Industries Development Bank of India (SIDBI)

Gogoro Inc. (Nasdaq: GGR) has been recognized by the Small Industries Development Bank of India (SIDBI) as an empaneled OEM, making its registered electric vehicles eligible for SIDBI's EV financing programs. SIDBI's "50K-EV4ECO" mission aims to promote EV adoption in India through innovative financing. Gogoro, known for its electric scooters and battery-swapping tech, becomes the first global electric two-wheel OEM and battery-swapping player to qualify for SIDBI empanelment. This collaboration supports India's EV30@30 mission. Gogoro's battery-swapping stations, part of its advanced ecosystem, have saved over 770,000 tons of CO2. CEO Horace Luke highlights the significance of fostering a robust EV ecosystem in India. Gogoro's innovative approach to urban mobility aligns with India's push for sustainable transportation. Gogoro emphasizes its commitment to disrupting the status quo and achieving sustainable transportation growth in densely populated cities.

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