Gates Industrial, Gogoro Partner To Accelerate Sustainable Urban Transportation

Gates Industrial Corp PLC 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.