Reported 8 months ago
JASOIL, a global lubricant manufacturer, has invested $50 million in Gogoro, following the footsteps of Ruentex Group's chairman, Yen Lan-lin. CEO of Gogoro, Horace Lu, sees this investment as proof of the market feasibility and success of Gogoro's battery swap ecosystem. With JASOIL being the world's largest lubricant manufacturer, this investment from BP-backed JASOIL totals $50 million, showcasing a strategic move towards diversifying its product line and staying at the forefront of technological advancements.
Source: YAHOO