Gogoro, a Taiwanese electric scooter startup that's backed by Al Gore and one of Apple's biggest suppliers, is about to have its day on Wall Street
The company will debut on the Nasdaq on Tuesday after merging with a special purpose acquisition company, Poema Global . The deal values the vehicle maker at about $2.35 billion. That's more than triple its last disclosed valuation of $800 million in September 2017.The Taipei-based firm has raised at least $335 million in cash through the deal, which closed Monday, and will begin trading under ticker symbol"GGR.
The deal will help bring Gogoro's battery swapping stations to India, and allow both companies to develop new vehicles that will be branded as Hero but powered by Gogoro's batteries, they said in a statement. New electric scooter factory will be run exclusively by women In China, the company has teamed up with two of the country's leading two-wheeler manufacturers, Dachangjiang Group and Yadea.
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