917Ventures, Ayala and Gogoro to form Gogoro Philippines.

Private equity firm 917Ventures, business conglomarate Ayala and mobility services provider Gogoro, agreed to form Gogoro Philippines, a joint venture to aid automobile battery swap technology in the Philippine transportation landscape. Financial terms were not disclosed. “We are establishing a new smart electric transportation era in the Philippines. Gogoro Philippines, our joint venture with Globe’s 917Ventures Inc. and the Ayala Group, continues our global mission to empower cities with intelligent, eco-friendly mobility solutions that are open and accessible. Together, we are focused on accelerating the mass market shift to smart electric mobility and battery swapping addressing the urban mobility energy demands in a safe, sustainable, and scalable way," Horace Luke, Gogoro Founder and CEO.