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Gogoro Inc (GGR)



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Upturn Advisory Summary
08/14/2025: GGR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $0.5
1 Year Target Price $0.5
0 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -16.74% | Avg. Invested days 21 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 103.28M USD | Price to earnings Ratio - | 1Y Target Price 0.5 |
Price to earnings Ratio - | 1Y Target Price 0.5 | ||
Volume (30-day avg) 1 | Beta 1.03 | 52 Weeks Range 0.19 - 1.36 | Updated Date 08/15/2025 |
52 Weeks Range 0.19 - 1.36 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.46 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-12 | When Before Market | Estimate - | Actual -0.09 |
Profitability
Profit Margin -46.53% | Operating Margin (TTM) -35.66% |
Management Effectiveness
Return on Assets (TTM) -7.57% | Return on Equity (TTM) -64.73% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 487922376 | Price to Sales(TTM) 0.36 |
Enterprise Value 487922376 | Price to Sales(TTM) 0.36 | ||
Enterprise Value to Revenue 1.6 | Enterprise Value to EBITDA 8.12 | Shares Outstanding 295075008 | Shares Floating 201530602 |
Shares Outstanding 295075008 | Shares Floating 201530602 | ||
Percent Insiders 42.92 | Percent Institutions 5.71 |
Upturn AI SWOT
Gogoro Inc
Company Overview
History and Background
Gogoro Inc. was founded in 2011 in Taiwan. It is known for its electric scooter technologies and battery swapping infrastructure.
Core Business Areas
- Smart Scooters: Designs, develops, and sells electric scooters with smart features.
- Battery Swapping: Operates a battery swapping network (GoStation) for electric scooters.
- Software and Services: Provides software and cloud services for managing scooter operations and battery usage.
- Powertrain Licensing: Licenses its powertrain technology to other scooter manufacturers.
Leadership and Structure
Horace Luke is the Founder, Chairman, and CEO. The company has a board of directors and operates with a functional organizational structure.
Top Products and Market Share
Key Offerings
- Gogoro Smartscooters: Gogoro smartscooters are electric scooters with integrated smart technology, and customizable features. Gogoro holds the majority of the electric scooter market share in Taiwan. Competitors include Yamaha, Kymco, and SYM.
- GoStation Battery Swapping Network: A network of battery swapping stations that allows riders to quickly exchange depleted batteries for fully charged ones. Gogoro manages the network and charges subscription fees. No direct competitors exist in the battery swapping network, other smaller competitors provide home battery charging products.
Market Dynamics
Industry Overview
The electric scooter market is growing rapidly, driven by increasing urbanization, environmental concerns, and government incentives. The battery swapping market is still nascent but gaining traction.
Positioning
Gogoro is a leader in the electric scooter and battery swapping market, with a strong brand reputation and technological expertise. It aims to expand its presence globally through strategic partnerships and licensing agreements.
Total Addressable Market (TAM)
The global electric scooter market is expected to reach hundreds of billions of dollars. Gogoro is positioned to capture a significant portion through its innovative products and services and network.
Upturn SWOT Analysis
Strengths
- Innovative technology
- Strong brand reputation
- Established battery swapping network
- Partnerships with major manufacturers
Weaknesses
- Limited geographic presence
- High initial cost of scooters
- Dependence on battery swapping infrastructure
- Profitability concerns
Opportunities
- Expansion into new markets
- Growing demand for electric vehicles
- Increasing government support for EVs
- Development of new battery technologies
Threats
- Competition from established scooter manufacturers
- Fluctuations in battery prices
- Regulatory changes
- Economic downturns
Competitors and Market Share
Key Competitors
- Yamaha Motor Co., Ltd. (YAMHF)
- NIU Technologies (NIU)
- Energica Motor Company (No US Stock Symbol)
Competitive Landscape
Gogoro's competitive advantage lies in its battery swapping technology and brand recognition. Disadvantages include limited geographic presence compared to established manufacturers and profitability
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by expansion in Taiwan and partnerships in other Asian markets.
Future Projections: Future growth is projected to be driven by global expansion and increased adoption of electric scooters.
Recent Initiatives: Recent initiatives include partnerships with manufacturers in India and Indonesia, and development of new scooter models.
Summary
Gogoro is an innovative company with a strong position in the electric scooter and battery swapping market, especially in Taiwan. Its growth potential hinges on successful global expansion and strategic partnerships. Key challenges include competition from established manufacturers and the need to achieve profitability. Successful scale and network effect of their battery swapping network in more countries would likely significantly improve their business.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- Industry Reports
- News Articles
Disclaimers:
This analysis is based on publicly available information and estimates. Financial data might not be up-to-date or precise. Market share data is based on estimates and may vary across regions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Gogoro Inc
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2022-04-05 | CEO - | ||
Sector Consumer Cyclical | Industry Auto Manufacturers | Full time employees 2097 | Website https://www.gogoro.com |
Full time employees 2097 | Website https://www.gogoro.com |
Gogoro Inc., together with its subsidiaries, engages in the research, development, manufacture, sale, and distribution of electric scooters and bikes, and electric scooter enabling components in Taiwan, India, and internationally. The company offers consulting services; battery swapping services, including the Swap & Go battery swapping platform that delivers full power to electric-powered four-wheelers; scooter sharing; and after-sale services. It also provides battery swapping technology in the form of hardware, software, and services, which consists of Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits. Gogoro Inc. was founded in 2011 and is based in Taipei, Taiwan.

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