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Gates Industrial, Gogoro Partner To Accelerate Sustainable Urban Transportation

Gates Industrial Corp PLC (NYSE:GTES) and Gogoro announced an expanded exclusive partnership to accelerate sustainable urban transportation. As part of the…
byAkanksha Bakshi
November 16, 2021
1 minute read
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  • Gates Industrial Corp PLC (NYSE:GTES) and Gogoro announced an expanded exclusive partnership to accelerate sustainable urban transportation.
  • As part of the renewed partnership, the parties co-developed FLO DRIVE, a vehicle drivetrain system based on Gates Carbon Drive that will be exclusively available to Powered By Gogoro Network (PBGN) vehicle makers through the Gogoro Development Kit (GDK).
  • “Gogoro’s battery swapping platform and robust vehicle ecosystem are unmatched, and this partnership will allow both of us to continue the rapid expansion of electric micromobility,” said Ivo Jurek, CEO, Gates.
  • Price Action: GTES shares are trading higher by 1.27% at $16.8 on the last check Tuesday.
 
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