Gogoro partners with Hero MotoCorp By CIOReviewIndia Team

Gogoro partners with Hero MotoCorp

CIOReviewIndia Team | Thursday, 22 April 2021, 04:38 IST

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Gogoro partners with Hero MotoCorpElectric scooters powered by Gogoro’s swappable, rechargeable batteries now account for nearly a quarter of monthly sales in Taiwan, its home market. But one of the most common questions co-founder and chief executive officer Horace Luke gets asked is when will Gogoro launch its scooters in other countries.

“Horace Luke said, we’re getting ready’,” he told reporters. Gogoro answered that question by announcing a strategic association with Hero MotoCorp, one of the world’s largest two-wheeled vehicle makers and the market leader in India, where it is headquartered.

Gogoro and Hero MotoCorp’s agreement contains a joint endeavor to create a battery-swapping network in India. Hero MotoCorp will also launch electric two-wheelers based on Gogoro technology under its own brand. This will mark the first time the company has launched electric vehicles. (The collaboration is not to be confused with Hero Electric, which is run by relatives of Hero MotoCorp’s founders, but is a separate company).

The deal will focus on India before expanding into Hero MotoCorp’s other markets (it serves a total of 40 countries). Details, like the first vehicle, launch cities and pricing, will be declared later, but Luke stated Gogoro and Hero MotoCorp “are deploying very rapidly.”

Luke defined the strategic partnership as a validation of Gogoro’s goal to become a battery-swapping and smart mobility platform, packaging its technology as a turnkey solution for company that want to produce energy-efficient vehicles.


“We designed our technology, capabilities and business model in the hope that one day we can solicit a giant like Hero,” stated Luke.

Gogoro and Hero MotoCorp have been talking for more than a year and Luke described the strategic partnership as one of the most important deals the company has made so far.

“In order to make a massive change, we need really massive adoption, and Taiwan has served really well as a pilot market for us to develop technology, refine it and show the world that it is possible, through this swap-and-go technology rather than tethered plug-and-charge scenario, for lightweight personal mobility to take off,” stated Luke.

This is why Gogoro and Hero MotoCorp’s swapping station combined venture is important. In Taiwan, Gogoro now has more than 375,000 riders and 2,000 battery swapping/charging stations, which handle 265,000 swaps a day. That density is a key selling point because riders can find a nearby swapping station quickly through Gogoro’s smartphone app.

After India, Gogoro and Hero MotoCorp plan to enter other markets, furthering Gogoro’s international expansion.

“What is really important about this partnership is their influence on the two-wheel market, and the importance of the two-wheel market in emerging markets,” stated Luke.

In a press statement, Hero MotoCorp chairman and CEO Dr. Pawan Munjal stated the strategic collaboration is an extension of the research and development already put into creating an electric vehicle portfolio.

“Today marks another major milestone in our journey, as we bring Hero’s leadership in two-wheelers, our global scale and innovation powerhouse, with the leadership of Gogoro in the swapping business model, as they have demonstrated over the years in Taiwan and the rest of the world,” Munjal added in statement.

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