Lei Di.com Lei Jianping reported on April 6 that
electric locomotive and battery replacement device brand Gogoro, a special purpose company, recently merged with Poema Global Holdings Corp, Poema Global Holdings Corp, and started trading on the Nasdaq (Nasdaq) exchange in the United States on April 5, 2022.
The stock code of the new company is "GGR" and the warrant code is "GGROW". This is also the first time that Taiwan, China has listed on the US capital market since 2006.
Gogoro was founded in Taiwan, China on August 29, 2011. Its founder is Lu Xuesen. It is an innovative enterprise in the field of electric vehicle battery replacement. Its early investors include Singapore's Temasek Holdings, Singapore's Temasek Holdings, former US Vice President Gore investment management company and Japan's Sumitomo Co., Ltd.
In September 2021, Gogoro reached a merger agreement with Poema Global. At that time, Gogoro could raise US$345 million, plus US$250 million of PIPE, with a total raised amount of nearly US$600 million and a transaction price of US$2.35 billion.
Lu Xuesen said: "Cities are embracing sustainable energy and smart city technology in unprecedented ways. Gogoro's goal is to change the urban traffic of the most densely populated cities in the world by changing the way people use and share portable energy."
However, the market fluctuated violently in 2022, and many Poema shareholders withdrew from this transaction, resulting in the $345 million raised by Poema "only $40 million left" retained to Gogoro.
After that, Gogoro increased its fundraising efforts, and PIPE fundraising increased to 295 million yuan.
PIPE investors include Hon Hai , India GoTo Group, Yin Yanliang , Taiwan's Guofa Fund, Temasek Holdings, Sumitomo Commercial , etc.
However, Gogoro's fundraising this time also shrank by more than US$200 million, and the current total fundraising is about US$335 million, and its valuation has also shrunk by 40%. Homer Sun, CEO of
Poema Global, said that through the funds obtained from this business merger, Gogoro is expected to have enough resources to fully implement its vision and further accelerate the expansion of the world's major second-wheeler markets.
"We are happy to complete this transaction, and I look forward to continuing to work with Horace and Gogoro teams to practice a bright future of electrified urban transportation."
Gogoro's revenue in 2021 was US$327 million, gross profit was US$52.4 million, and EBITDA was -83.9 million.
The following is Gogoro Roadshow PPT (refined processing by Leidi.com):
html l2
———————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————————
