The Gogoro electric scooter looks like a toy come to life, but it’s just raised a very serious amount of money, ensuring that more people take seriously its borderline adorable 6.4 kilowatt motor.
The two-year-old, Taiwan-based startup announced this month it had received a massive $300 million Series C round of funding. Gogoro offers its scooter subscribers an app-based sharing platform to quickly and easily swap out dead batteries for fully charged ones at stations that dot a metro area. Imagine: no waiting to charge a battery. In addition to this distinguishing feature — one Tesla appears to be investigating — the company may soon be looking into more than just scooters, and looking to do so with artificial intelligence.
“Gogoro is utilizing the new funding to increase research and development in the AI and machine learning of its network infrastructure as well as in new areas,” a spokesperson for the company tells Inverse. In practice, this tech could be used to provide drivers with special navigation features and ride enhancements to personalize their ride.
Read the full story at inverse.com.