Gogoro is First Foreign Two-wheel Vehicle OEM and Battery Swapping Provider to be Recognized by the Small Industries Development Bank of India (SIDBI)
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Wednesday, November 29, 2023
DELHI, India, Nov. 29, 2023 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced it has been recognized by the Small Industries Development Bank of India (SIDBI) as an empaneled OEM making its registered vehicles eligible for SIDBI's EV financing programs. The announcement was made at the Micro, Small & Medium Enterprises (MSME) & Start-up Stakeholder Consultation Meeting, organized by SIDBI in Delhi that engaged more than 350 start-ups.
Key Points:
- "SIDBI's "50K-EV4ECO" flagship mission is to foster electric vehicle adoption across India," said Dr. R. K Singh, Chief General Manager of SIDBI.
- Initiatives like this help two-wheel EV buyers and fleet operators secure financial assistance at better terms to adopt Gogoro vehicles and battery swapping."
- This initiative makes Gogoro the first global electric two-wheel OEM and the first battery-swapping player to qualify for empanelment with SIDBI.
- With more than 400,000 daily battery swaps and more than 500 million total battery swaps to date, Gogoro Network battery swapping has saved more than 770,000 tons of CO2 since it launched.