Gogoro, the Taiwanese paladin for two-wheeler battery swapping, is working with the Indian state of Maharashtra to establish state-wide battery charging and swapping infrastructure. The initiative will be driven by a “50-50” partnership between Gogoro and Belrise Industries, an automotive systems manufacturer based in India, that will form an infrastructure company to own the batteries and swapping stations in Maharashtra, according to Gogoro’s CEO and co-founder Horace Luke.
Additional infrastructure-related investors will participate down the line in the joint venture, which aims to invest up to $2.5 billion over eight years in Maharashtra, according to a non-binding MOU signed by the state, Gogoro and Belrise at …
