A Memorandum of Understanding (MoU) was inked by Gogoro Inc., a battery swapping platform that facilitates sustainable mobility solutions for cities, and Hindustan Petroleum Corporation Ltd. (HPCL), a prominent Indian oil business with over 21,000 retail outlets.
In the upcoming years, Gogoro plans to install battery-swapping stations in thousands of HPCL retail petrol stores throughout India.
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“HPCL and Gogoro are partnering to develop a broad battery swapping infrastructure for two-wheel vehicles that will both grow and sustain a leading electric vehicle ecosystem in India that is safe, clean and readily available across India’s cities,” said Amit Garg, Director of Marketing at HPCL. “Gogoro has demonstrated its global leadership in battery swapping and electric two-wheel innovation and with nearly 500 million battery swaps to date has developed a platform we can embrace and emulate.”
The Gogoro Network, a smart, safe, and constantly optimising swappable battery refuelling system for riders, businesses, and communities, has more sites than petrol stations in Taiwan’s cities. Through its 12,000 battery switching stations at over 2,500 sites, the Gogoro Network supports approximately 600,000 riders and circulates over 1.3 million smart batteries. Since its introduction, Gogoro Network battery swapping has saved over 750,000 tonnes of CO2 with over 400,000 daily and approximately 500 million total battery swaps.
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“India is in the early stages of a massive electric transformation of its urban two-wheel transportation system and it is increasingly evident that battery swapping is a critical component to broad adoption, so building out the swapping infrastructure is crucial. Today, we are announcing a partnership with HPCL, one of India’s leading oil companies, to rollout thousands of Gogoro battery swapping stations across its retail outlets throughout the country in the coming years,” said Horace Luke, founder, and CEO of Gogoro. “There is nowhere on earth that needs smart electric transportation more than India, and Gogoro is joining together with the Indian business community and national and local governments to deploy a battery swapping and electric vehicle ecosystem that is open, accessible and scalable.”
About Gogoro
Gogoro, founded in 2011, uses innovation to rethink urban energy and drive wiser, more sustainable city travel. Gogoro’s battery switching and vehicle platforms provide a smart, proven, and sustainable ecosystem for urban mobility innovation. Gogoro has swiftly become a leader in vehicle design, electric propulsion, smart battery design, battery swapping, and innovative cloud services that use AI to manage battery availability and safety.
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About HPCL
HPCL is a Maharatna CPSE and Forbes 2000 company listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India. It has the second largest share of product pipelines in India with a pipeline network of more than 3370 kms for petroleum product transportation and a vast marketing network of 14 Zonal offices in major cities and 128 Regional Offices facilitated by a Supply & Distribution infrastructure of Terminals, Pipelines, Terminals.
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