Gogoro is set to go public on Nasdaq through a $2.35 billion SPAC merger with Poema Global, positioning itself for significant expansion in Asia's electric vehicle market.

Information on the Target

Gogoro Inc., a Taiwan-based company renowned for its innovative electric Smartscooters and advanced battery swapping infrastructure, is poised to go public on Nasdaq following a merger with Poema Global, a special purpose acquisition company (SPAC) linked to Princeville Capital. This deal values Gogoro at approximately $2.35 billion and is scheduled for completion in the first quarter of 2022. Upon listing, the combined entity will operate under the ticker symbol GGR.

Established a decade ago, Gogoro has developed a comprehensive technology ecosystem that encompasses smart swappable batteries, a robust charging infrastructure, and cloud-based software designed to monitor the performance and condition of vehicles and batteries. The firm's products not only include its flagship Smartscooters and Eeyo electric bikes but also extend to partnerships via the Powered by Gogoro Network (PBGN), allowing other manufacturers to utilize its battery systems and swapping stations.

Industry Overview in Taiwan

The electric vehicle (EV) market in Taiwan has experienced significant growth in recent years, propelled by governmental support and increasing consumer awareness regarding sustainability. Taiwan's manufacturing sector, part