Sep
19
Temasek Leads $300 Million Investment in Electric Scooter Maker
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Al Gore’s Generation Investment Management also backs Gogoro
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Taiwanese startup eyes new cities and more R&D spending
Gogoro Inc., an electric scooter-maker backed by Panasonic Corp., raised $300 million from Singapore’s Temasek Holdings Pte. and other investors to pay for expansion and research and development.
Generation Investment Management LLP, co-founded by Al Gore, Japan’s Sumitomo Corp., and French utility Engie SA, also invested. The new funding brings the Taiwan-based startup’s valuation to about $800 million, including the new cash injection, according to a person familiar with the matter. That’s double the level when it last raised in 2015, the person said…
Temasek Leads $300 Million Investment in Electric Scooter Maker
