Gogoro secures NT$10.7 billion five-year ESG-linked credit facility

By Marisa Wong

Los Angeles, Sept. 28 – Gogoro Inc. announced it signed a NT$10.7 billion (roughly $345 million) five-year credit facility agreement with a group of 10 syndicated banks led by Mega International Commercial Bank Co., Ltd. as the mandated lead arranger and bookrunner, according to a press release.

The facility, which has a two-year extension option, consists of two term loans and one revolver.

Loan proceeds will be used to pay off a current outstanding credit facility, purchase energy cells, support working capital and facilitate Gogoro Network operations in Taiwan. Gogoro Network is a platform for battery swapping and smart mobility services.

Provided the company continues to meet carbon reduction contribution goals, a rate discount is applied.

Based in Taipei, Taiwan, Gogoro specializes in vehicle design and electric propulsion, smart battery design, battery swapping and cloud services that use artificial intelligence to manage battery availability and safety.

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