Globe bringing Gogoro electric scooters to PH in Q1/23
Globe [GLO 2350.0 2.2%] [link] confirmed that its wholly-owned subsidiary, 917Ventures, is planning to pilot Gogoro, the Taiwan-based electric scooter, next quarter.
GLO said that the quick-swap batteries make Gogoro scooters a good “eco-friendly alternative” for the “logistics and last-mile delivery industry”.
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I’ve been hearing lots of talk behind the scenes of the Ayala Group investing in IT people and infrastructure to build-out some kind of logistics service.
I don’t know how this build-out relates to the current logistics assets inside the Ayala Group (as part of Ayala Corp [AC 715.0 2.7%] through AC Logistics, and as part of AyalaLand Logistics Holdings [ALLHC 3.1 1.9%]), or whether this build-out is in anticipation of some acquisition or series of acquisitions.
I also don’t know if GLO and AC are planning on keeping the Gogoro scooter in-house, or if they’re hoping to push this as a cost-effective alternative to the hundreds of delivery companies that currently use scooters powered by fossil fuels.
I’m sure GLO shareholders would rather GLO address the wider market, but it’s too early to say how this plays into the full Ayala strategy at this point.
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Merkado Barkada's opinions are provided for informational purposes only, and should not be considered a recommendation to buy or sell any particular stock. These daily articles are not updated with new information, so each investor must do his or her own due diligence before trading, as the facts and figures in each particular article may have changed.
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