EV Battery-Swapping Startup ‘Gogoro’ Going Public In SPAC Merger

Credit: Billy H.C. Kwok/Bloomberg


A Taiwanese startup called Gogoro Inc. that specializes in battery-swapping technology said it will go public through a merger with Poema Global Holdings Corp., the latest blank-check firm to cut a deal with a promising new company.

The deal sets Gogoro’s enterprise value at $2.35 billion and the combined entity will list on Nasdaq, the companies said in a statement. The startup expects to receive roughly $550 million in proceeds, including $345 million held by Poema and $250 million from a private investment in public equity, or PIPE, financing.

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