Gogoro

Castrol invests $50 million in EV battery-swapping giant Gogoro

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By: HT Auto Desk | Updated on: 29 Jun 2024, 13:59 PM The first tranche of the investment will see Castrol acquire a 5.72 per cent stake in Gogoro and is a part of its Onward, Upward, Forward strategy. The announcement marks Castrol’s foray into the new energy business Castrol, a leading producer of lubricants, … Read more

Castrol Invests $50 Million In Gogoro For Its Battery Swapping Tech

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One of the most prominent makers of lubricants, Castrol, has announced an investment in Taiwan’s Gogoro Inc. of up to $50 million. Gogoro is the market leader in Taiwan when it comes to swappable batteries for electric two-wheelers and has been aggressively expanding to global markets, including India. Castrol Holdings, an affiliate of Castrol, will … Read more