Gogoro preps for CES as it wraps up $100M funding round

The company says that it will unveil its first products at CES in January that will "transform energy distribution and management in the world's cities."

Gogoro co-founder and CEO Horace Luke. 

Gogoro, a company co-founded in 2011 by two HTC execs with the chairwoman's blessing, has yet to launch a product but has now raised $150 million.

Gogoro, which is working on energy networks for "smart cities," announced Thursday that it is "finalizing" a $100 million Series B round of funding. Gogoro didn't say which companies joined the round, but the company's statement included a comment from Panasonic, which is a strategic partner.
Yoshihiko Yamada, executive vice president of Panasonic, said that Gogoro is "committed to reshaping the way major urban areas utilize energy, and its compelling vision of transformation has great potential for smart cities."

Horace Luke and Matt Taylor co-founded the company. Luke, who served as HTC's chief innovation officer, is CEO of Gogoro. Taylor was HTC's chief technologist. The company previously raised $50 million in a Series A round led by their former boss and current HTC Chairwoman Cher Wang.

Taiwan-based Gogoro's focus is mobile connectivity and data analytics to affect energy distribution and management. In its statement Thursday, Gogoro said that it's participating in the creation of "a more intelligent and adaptive energy network for consumers."

Conspicuously missing from the announcement was an actual product launch. Gogoro said it plans to unveil products at the massive Consumer Electronics Show in January.