HPCL and Gogoro inks pact to set-up battery swapping across India

Gogoro to rollout battery swapping stations to thousands of HPCL retail gas outlets across India in coming years.

Gogoro Inc., a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, has signed a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Ltd. (HPCL), a major Indian oil company, with more than 21,000 retail outlets.

“India is in the early stages of a massive electric transformation of its urban two-wheel transportation system and it is increasingly evident that battery swapping is a critical component to broad adoption, so building out the swapping infrastructure is crucial. Today, we are announcing a partnership with HPCL, one of India’s leading oil companies, to rollout thousands of Gogoro battery swapping stations across its retail outlets throughout the country in the coming years,” said Horace Luke, founder, and CEO of Gogoro. “There is nowhere on earth that needs smart electric transportation more than India, and Gogoro is joining together with the Indian business community and national and local governments to deploy a battery swapping and electric vehicle ecosystem that is open, accessible and scalable.” 

“HPCL and Gogoro are partnering to develop a broad battery swapping infrastructure for two-wheel vehicles that will both grow and sustain a leading electric vehicle ecosystem in India that is safe, clean and readily available across India’s cities,” said DK Sharman, Executive Director, Corporate Strategy and Business Development at HPCL.

Gogoro, which has achieved nearly 500 million battery swaps to date, has developed a platform that HPCL can embrace and emulate, Garg added.