Gogoro inks pact with HPCL to set-up battery swapping stations across India

Gogoro inks pact with HPCL to set-up battery swapping stations across India

Gogoro, a battery swapping company listed on Nasdaq, on November 6 announced that it has entered into an initial agreement with HPCL to establish battery swapping stations throughout India in the near future. Under this collaboration, Gogoro will work on creating an extensive battery swapping network for electric two-wheelers, deploying these stations at HPCL's retail outlets across the country, the company said in a statement. This initiative aims to provide convenient and accessible battery swapping solutions for electric vehicle (EV) users in India.

Gogoro's tie-up with HPCL (Hindustan Petroleum Corporation Ltd), a government-controlled oil marketing company with more than 21,000 retail outlets, will involve the deployment of numerous Gogoro battery swapping stations at these retail outlets nationwide in the upcoming years.

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"We are announcing a partnership with HPCL to roll out thousands of Gogoro battery swapping stations across its retail outlets throughout the country in the coming years," Horace Luke, founder and CEO of Gogoro said.

Luke emphasised that India is now in the initial phases of a significant electric revolution within its urban two-wheeler transportation system. It is becoming increasingly clear that battery swapping plays a pivotal role in achieving widespread adoption of EVs. Consequently, the development of a robust battery swapping infrastructure is of utmost importance for this transformation.

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He went on to add that  Gogoro is actively collaborating with the Indian business community, as well as national and local governments, to establish a battery swapping and EV ecosystem that is not only open but also accessible and scalable. This cooperative effort aims to make electric mobility more readily available and practical for the people of India.

Amit Garg, Director of Marketing at HPCL said: "HPCL and Gogoro are partnering to develop a broad battery swapping infrastructure for two-wheeler vehicles that will both grow and sustain a leading electric vehicle ecosystem in India that is safe, clean and readily available across India's cities."

Gogoro, having completed nearly 500 million battery swaps thus far, has created a platform that HPCL can adopt and replicate, he added.

(With PTI inputs)