As part of its strategy to expand its operations around the world, Gogoro is taking its business from Taiwan to Philippines. Filipinos should expect to see a surge of electric scooters sooner.
Gayam Motor Works (GMW)
Gayam Motor Works, a Global EV Pioneer Announces USD 50Mn Investment Commitment from GEM, Seeks to Go Public in Coming Months
Thursday, April 1, 2021 2:37PM IST (9:07AM GMT)
New York, United States & Hyderabad, India: Gayam Motor Works (GMW) today announced a US$50Mn investment commitment from Luxemberg based GEM Global Yield LLC SCS (“GEM”) as the company plans to go public. The commitment will be made available on the first day of trading or in tranches to be drawn at the company’s option over a three-year period. With certainty of the investment upon listing, GMW is now well-positioned to deliver on the company’s vision of accelerating the world’s transition towards smart and sustainable mobility.