Sumitomo Corporation has entered into a partnership with Gogoro Inc. to accelerate Gogoro’s business expansion through a partnership between Sumitomo Corporation, Gogoro, and Sumitomo Mitsui Finance and Leasing Co., Ltd.

This collaboration, , Sumitomo Corporation will support Gogoro's business expansion in Taiwan and entry into India, Southeast Asia and other global markets, while aiming to expand Sumitomo Corporation and Gogoro's new business opportunities.

Gogoro is a world leading technology and mobile energy company that offers swappable batteries for two-wheel electric scooters (Smartscooter). Gogoro utilizes a network of battery swapping stations (“GoStation®”) to provide clean and easy access to portable power. By integrating big data from these ecosystems, the company optimizes energy efficiency, reliability, and safety, as well as battery longevity, and has helped Taiwan reduce CO2 emissions by more than 950,000 tons since the service began in 2015.

For Gogoro's further global expansion, Sumitomo will support Gogoro's global business development, including Taiwan, India, and Southeast Asia, by leveraging its global network and knowledge gained from its existing business.

SMFL will also promote expansion into the asset lifecycle management business utilizing Gogoro's batteries and related infrastructure, and carry out the Circular Economy strategy set forth in the medium-term management plan.