Gogoro releases first quarter 2022 financial results with yoy revenue growth of 61% and total subscribers surpassing 467,000

Taipei, taiwan , may 12, 2022 /prnewswire/ -- gogoro inc. (nasdaq: ggr), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today released its financial results for its first quarter ended march 31, 2022. first quarter highlights record first quarter revenue of $94.5 million, up 61.0% year-over-year sales of hardware and other revenues of $65.1 million, up 87.1% year-over-year gogoro network revenue of $29.4 million, up 23.0% year-over-year strong growth in number of new subscribers, bringing total subscribers to more than 467,000 "our first quarter reflects the strength of our core business model across gogoro's vehicle and component  hardware sales and gogoro network battery swapping subscriptions and the industry-leading scale of our ecosystem," said horace luke, founder, chairman, and chief executive officer of gogoro.
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