Gogoro Electric Scooters $PPGH - The most important EV SPAC you likely missed.

PPGH (Poema Global Holdings Corp) is slated to combine with Gogoro in Q1. Gogoro is a software and hardware company, currently dominating the electric scooter space in Taiwan with some major expansion underway. The company was started (and operates) with ties to the big boys; Foxconn, etc. They have designed some epic-looking and performing scooters, however, more important is their Powered by Gogoro Network (PBGN). The network offers a swap-in-swap-out battery solution. Check the investor deck (linked here and below) to see the brands they’re already plugged into; refer to slide 21. PBGN is currently providing services to six e-scooter manufacturers (another article on this here). With the cash from the SPAC, they can push the gas (pun intended) harder on expansion in China, India, and Indonesia. Just google "Gogoro" and you'll see the news; linked here for you lazy ones. Also, below are a few important links to check out. China Deal: https://techcrunch.com/2021/10/10/gogoro-launches-battery-swapping-stations-in-china/ Indonesia Deal: https://asia.nikkei.com/Business/Technology/Indonesia-s-Gojek-and-Taiwan-s-Gogoro-to-test-electric-scooters India Deal: https://techcrunch.com/2021/04/21/gogoro-partners-with-indias-hero-motocorp-one-of-the-worlds-largest-two-wheel-vehicle-makers/ Investor doc here: https://www.poema-global.com/presentations Electric Scooter Market Size (current & projections): https://www.grandviewresearch.com/industry-analysis/electric-scooters-market SEC Filings here: https://sec.report/Ticker/PPGH Unless you live somewhere scooter-dominated like Taiwan, you likely have never heard of them or even thought of the e-scooter TAM (total addressable market). The global electric scooters market size is expected to reach USD 20.8 billion in 2021. And, that the market is expected to expand at a compound annual growth rate (CAGR) of 7.6% from 2021 to 2028. (reference is linked HERE). Also, we all know there are a lot of EV plays at the moment, so it's hard to decipher what is fake and what is real. Cough, Trevor Milton & Nikola. Dig into Gogoro; it's the real deal and it's not just the clay models and lofty sales projections others have. The valuation seems realistic. Gogoro plans to go public with an enterprise value of $2.35 billion, which would value the company at less than five times its estimated sales of $500 million in 2022. Lucid (LCID), for reference, has an enterprise value of $68 billion. This values the company at 31 times its sales target for next year. Not hating on LCID, I also own it long-term and have since day one. Just adds perspective. A pushback I’ve seen on the stock is the 2020 sales numbers. Sales in Taiwan saw a dip in 2020. Well… Government rebates were likely the root cause of the slight drop, or more specifically, the reduction in them in 2020 in Taiwan. When the rebates were in place, you could get a new Gogoro for about $30,000NTD (around $1,100 USD). This was half of the normal sticker retail price. At the same time, you’d also get a free year of battery swaps. So, sure, ending the programs had an impact, but they also got the market penetration and mass adoption in Taiwan, testing the model and perfecting the product. It's now time to expand, and the SPAC cash infusion was a good option for the company to secure to fast-track it. The other pushback is geopolitical. If you have an internet connection or TV, you know that Taiwan has some current tension with China. This is not the place to discuss that in-depth here. However, read the China partnership info. This is not like Tesla selling its own brand and product in China. Instead, they are partnering with the two largest existing China scooter manufacturers. I see no reason why this would cease; it's a partnership. So why Taiwan? Taiwan has an estimated 14 million-plus registered scooters; the population is about 24M. People here ride scooters, literally nearly everyone that is of driving age has one... And, with TSMC, Foxconn, etc in Taiwan, if you’re gonna build a scooter company and prove the model and product, Taiwan is the place to do it. You can have the suppliers as your neighbors and also equity partners. And, yes, both are the case with PPGH/GOGORO. When just looking at the Gogoro product and having laid eyes on it and gone for a ride, IMO, this is my favorite 'diamond in the rough' EV SPAC play. I’m in. Long-term play. I own the warrants and commons. Just FYI, they also have GoShare, a service to rent (https://ridegoshare.com/us/). And their e-bike (called EEYO; https://eeyo.bike/us/) is IMO one of the best on the market with its stats/design. I don’t think they even mention it, but it's won design awards and is worth a look. This is *not* financial advice. I am *not* a financial advisor. For entertainment only. Do your own DD.

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Gogoro Electric Scooters $PPGH - The most important EV SPAC you likely missed.

bullish

PPGH (Poema Global Holdings Corp) is slated to combine with Gogoro in Q1.

Gogoro is a software and hardware company, currently dominating the electric scooter space in Taiwan with some major expansion underway. The company was started (and operates) with ties to the big boys; Foxconn, etc. They have designed some epic-looking and performing scooters, however, more important is their Powered by Gogoro Network (PBGN). The network offers a swap-in-swap-out battery solution. Check the investor deck (linked here and below) to see the brands they’re already plugged into; refer to slide 21. PBGN is currently providing services to six e-scooter manufacturers (another article on this here).

With the cash from the SPAC, they can push the gas (pun intended) harder on expansion in China, India, and Indonesia. Just google "Gogoro" and you'll see the news; linked here for you lazy ones. Also, below are a few important links to check out.

China Deal: https://techcrunch.com/2021/10/10/gogoro-launches-battery-swapping-stations-in-china/

Indonesia Deal: https://asia.nikkei.com/Business/Technology/Indonesia-s-Gojek-and-Taiwan-s-Gogoro-to-test-electric-scooters

India Deal: https://techcrunch.com/2021/04/21/gogoro-partners-with-indias-hero-motocorp-one-of-the-worlds-largest-two-wheel-vehicle-makers/

Investor doc here: https://www.poema-global.com/presentations

Electric Scooter Market Size (current & projections): https://www.grandviewresearch.com/industry-analysis/electric-scooters-market

SEC Filings here: https://sec.report/Ticker/PPGH

Unless you live somewhere scooter-dominated like Taiwan, you likely have never heard of them or even thought of the e-scooter TAM (total addressable market). The global electric scooters market size is expected to reach USD 20.8 billion in 2021. And, that the market is expected to expand at a compound annual growth rate (CAGR) of 7.6% from 2021 to 2028. (reference is linked HERE).

Also, we all know there are a lot of EV plays at the moment, so it's hard to decipher what is fake and what is real. Cough, Trevor Milton & Nikola. Dig into Gogoro; it's the real deal and it's not just the clay models and lofty sales projections others have.

The valuation seems realistic. Gogoro plans to go public with an enterprise value of $2.35 billion, which would value the company at less than five times its estimated sales of $500 million in 2022. Lucid (LCID), for reference, has an enterprise value of $68 billion. This values the company at 31 times its sales target for next year. Not hating on LCID, I also own it long-term and have since day one. Just adds perspective.

A pushback I’ve seen on the stock is the 2020 sales numbers. Sales in Taiwan saw a dip in 2020. Well… Government rebates were likely the root cause of the slight drop, or more specifically, the reduction in them in 2020 in Taiwan. When the rebates were in place, you could get a new Gogoro for about $30,000NTD (around $1,100 USD). This was half of the normal sticker retail price. At the same time, you’d also get a free year of battery swaps. So, sure, ending the programs had an impact, but they also got the market penetration and mass adoption in Taiwan, testing the model and perfecting the product. It's now time to expand, and the SPAC cash infusion was a good option for the company to secure to fast-track it.

The other pushback is geopolitical. If you have an internet connection or TV, you know that Taiwan has some current tension with China. This is not the place to discuss that in-depth here. However, read the China partnership info. This is not like Tesla selling its own brand and product in China. Instead, they are partnering with the two largest existing China scooter manufacturers. I see no reason why this would cease; it's a partnership.

So why Taiwan? Taiwan has an estimated 14 million-plus registered scooters; the population is about 24M. People here ride scooters, literally nearly everyone that is of driving age has one... And, with TSMC, Foxconn, etc in Taiwan, if you’re gonna build a scooter company and prove the model and product, Taiwan is the place to do it. You can have the suppliers as your neighbors and also equity partners. And, yes, both are the case with PPGH/GOGORO.

When just looking at the Gogoro product and having laid eyes on it and gone for a ride, IMO, this is my favorite 'diamond in the rough' EV SPAC play. I’m in. Long-term play. I own the warrants and commons.

Just FYI, they also have GoShare, a service to rent (https://ridegoshare.com/us/). And their e-bike (called EEYO; https://eeyo.bike/us/) is IMO one of the best on the market with its stats/design. I don’t think they even mention it, but it's won design awards and is worth a look.

This is *not* financial advice. I am *not* a financial advisor. For entertainment only. Do your own DD.

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