TAIPEI (Taiwan News) — Gogoro said Tuesday it will receive a NT$2.5 billion (US$83 million) investment from Ruentex Group Chair Yin Yen-liang (尹衍樑), with funds to be injected through a private placement next year.

Gogoro said the fresh capital would help sustain long-term growth and strengthen its strategic roadmap, per CNA. The company also confirmed interim chief Chiang Chia-wei (姜家煒) as its new CEO.

Gogoro projects its energy business will break even next year and achieve profitability in vehicle operations by 2028. Management said the investment is critical to hitting those milestones.

Yin, a major shareholder, praised Gogoro’s progress and reaffirmed confidence in its role as part of Taiwan’s net-zero transition. He called the company’s urban sustainability vision a long-term strength.

Gogoro Chair Tseng Ta-meng (曾達夢) said the board remains committed to Taiwan as Gogoro’s core market while accelerating battery-swapping expansion in Southeast Asia.

Newly minted Gogoro CEO Chiang said the funds will support next-generation vehicle and battery launches and expansion in Vietnam. Gogoro also reported Q2 operating cash flow of NT$456.6 million (US$15.2 million), up from NT$144.16 million a year earlier, per UDN.