Hon Hai (2317-TW) announced today (16) that it has decided to participate in the private equity increase of Gogoro SPAC listing. The total subscription amount of this investment is 20 million US dollars, and the shareholding ratio reaches 0.76%. In addition to optimistic about Gogoro’s future development prospects, it can also strengthen The Group has a layout in the electric vehicle and new energy industries.
Hon Hai said that considering Gogoro ePTW (Electronic Powered Two Wheelers) electric vehicle technology as an industry leader, its business model is innovative and highly replicable, its overseas development strategy and hardware manufacturing development direction are in line with Hon Hai Group’s 3+3 strategy.
On the other hand, Hon Hai is also optimistic about the future development of Gogoro’s energy network in the Chinese and Indian markets, and is expected to have a higher growth space; Hon Hai said that through this investment, it will strengthen the group’s deployment in the EV and new energy industries.
Gogoro announced that it will go to the U.S. to go public through a “special purpose acquisition company (SPAC)”. The partner is Poema Global Holdings. The two parties have formally signed a contract recently. It is expected that the merger process will be completed in the first quarter of 2022. Gogoro will be listed on Nasdaq. Listed under the code name GGR.
In addition to its strategic partner Hon Hai Group, investors in Gogoro’s private equity increase include GoToGroup, the largest technology group in Indonesia, Generation Investment Management, Taiwan National Development Fund, Temasek, Singapore, and Yin Yanliang of the founding investor Runtai Group.