Gogoro signs agreement with HPCL to set up battery swapping centers across the country

Mumbai, November 6 (Language) Battery swapping company Gogoro has entered into an initial agreement with Hindustan Petroleum Corporation Limited (HPCL) to set up battery swapping stations across the country in the coming years.

Gogoro is listed on the American stock exchange Nasdaq.

Under this agreement, Gogoro will develop a comprehensive battery swapping infrastructure for electric two-wheelers by setting up battery swapping centers at HPCL retail outlets across the country, Gogoro said in a statement.

According to the statement, public sector oil marketing company HPCL has about 21,000 retail shops across the country.

Horace Luke, Founder and Chief Executive Officer (CEO), Gogoro, said, “We are announcing our partnership with HPCL to launch thousands of Gogoro battery swapping centers at its retail outlets across the country in the coming years.”

He said India is in the early stages of mass electric vehicle adoption in its urban two-wheeler transportation system. It is becoming increasingly clear that battery swapping is critical to widespread acceptance, so building out its infrastructure is vital.

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