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Financial Liabilities at Fair Value Through Profit or Loss - Summary (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of financial liabilities [line items]
Financial liabilities	$ 25,475	$ 25,935
Financial liabilities at fair value through profit or loss
Disclosure of financial liabilities [line items]
Financial liabilities	30,832	46,949
Earnout liabilities
Disclosure of financial liabilities [line items]
Financial liabilities	16,380	24,147
Earn-in liabilities
Disclosure of financial liabilities [line items]
Financial liabilities	9,079	13,384
Warrant liabilities
Disclosure of financial liabilities [line items]
Financial liabilities	5,373	9,418
Redeemable preferred shares
Disclosure of financial liabilities [line items]
Financial liabilities	$ 0	$ 0

- Definition

The amount of liabilities that are: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or (b) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to deliver a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose, rights, options or warrants to acquire a fixed number of the entity’s own equity instruments for a fixed amount of any currency are equity instruments if the entity offers the rights, options or warrants pro rata to all of its existing owners of the same class of its own non-derivative equity instruments. Also, for those purposes the entity’s own equity instruments do not include puttable financial instruments that are classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. As an exception, an instrument that meets the definition of a financial liability is classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A-16B or paragraphs 16C-16D of IAS 32. [Refer: Financial instruments, class [member]; Financial assets; Derivatives [member]]

+ References + Details

Equity - Capital Surplus (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Equity [abstract]
Capital surplus - Issuance of ordinary shares	$ 599,077	$ 598,317
Capital surplus - Expired share options	2,209	2,209
Capital surplus - Employee restricted shares (Note 22)	52,260	37,126
Capital surplus - Employee share options (Note 22)	16,366	5,818
Accumulated deficits	(425,978)	(349,940)
Other equity	4,729	5,420
Reserves	$ 248,663	$ 298,950

Loss Per Share - Shares (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings per share [abstract]
Weighted average number of ordinary shares in computation of basic loss per share (in shares)	234,803	222,000	193,334
Weighted average number of ordinary shares used in calculating diluted loss per share (in shares)	234,803	222,000	193,334

Borrowings

12 Months Ended

Dec. 31, 2023

Disclosure Of Financial Instrument [Abstract]

BORROWINGS


	As of December 31,
	2023		2022
Bank loans - Syndicated loans (Note a)	$	309,425	$	221,405
Bank loans - Loans for batteries (Note b)	85,276		111,611
Bank loans - Loans for procurement and operating capital	15,470		48,158
Bonds (Note c)	—		—
	$	410,171	$	381,174

Current	75,590		87,982
Non-current	334,581		293,192
	$	410,171	$	381,174

Interest rates
Bank loans - Syndicated loans	3.21%-3.26%		2.74%-2.93%
Bank loans - Loans for batteries	3.25%		2.94%
Bank loans - Loans for procurement and operating capital	2.05%-2.30%		1.70%-2.29%

a.Bank loans - Syndicated loans


	As of December 31,
	2023		2022
Syndicated loans	$	309,425	$	221,405

Current	$	27,552	$	13,774
Non-current	281,873		207,631
	$	309,425	$	221,405

In order to replenish the operating fund for purchasing the batteries of electric scooters, for building battery swapping stations and for developing upgraded batteries of electric scooters, Gogoro Network, Taiwan Branch has signed a syndicated loan agreement with Mega International Commercial Bank Co., Ltd. (the “Mega Bank”), the mandated lead arranger, and other banks or financial institutions as participants in August 2016. Such syndicated loan agreement was renewed in March 2019 with a five-year term loan credit facility of NT$7,200,000 thousand. Such syndicated loan agreement was further renewed in September 2022 with a five-year term loan credit facility of NT$10,700,000 thousand (the “2022 Syndicated Loan”).

The required financial ratios were amended as follows:

1)Liquidity ratio no lower than 100%.

2)Debt ratio ((Total liabilities - Lease liabilities) / Total Equity) no higher than 400% when net profit margin lower than 0%, and no higher than 450% when net profit margin higher than 0%, respectively.

As of December 31, 2023 and 2022, the Company maintained the financial ratios.

Refer to Note 8 for information in relation to demand deposits pledged as collateral.

b.Bank loans - Loans for batteries


	As of December 31,
	2023		2022
Loans for batteries	$	85,276	$	111,611

Current	$	32,568	$	26,050
Non-current	52,708		85,561
	$	85,276	$	111,611

In order to replenish the operating fund for purchasing the batteries of electric scooters, Gogoro Network, Taiwan Branch entered into a facility agreement with the Mega Bank in January 2021 for a two-year term loan of $200,000 thousand. Such facility agreement was amended in December 2022 to extend the maturity of the outstanding principal amount of NT$3,975,000 thousand to four year and ten months. A modification loss of $900 thousand was recognized in “Finance costs” in profit or loss (Note 19).

The required financial ratios were amended as follows:

1)Liquidity ratio no lower than 100%.

As of December 31, 2023 and 2022, the Company maintained the financial ratios.

c.Bonds

In July 2018, Gogoro issued unsecured bonds with an notional amount of $100,000 thousand. The major terms of the unsecured bonds were as follows:


Maturity Date	Interest Rate	Payments
July 2022	1st year: 300bps + 90-day Libor rate. 2nd year and 3rd year: 350bps + 90-day Libor rate. 4th year: 400bps + 90-day Libor rate.	Redemption of notional amount: Maturity date Interest payment: Quarterly

The agreement required the Company to maintain a net asset value of $100,000 thousand. The principal and associated interest of the unsecured bonds were fully paid in July 2022.

Inventories - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Inventories - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Inventories [Abstract]
Cost of revenue related to inventories	$ 169,220	$ 195,616	$ 186,179
Impairment losses (reversal of impairment losses) on inventories	$ 2,460	$ 3,045	$ (639)

Significant Contingent Liabilities and Unrecognized Commitments	12 Months Ended
	Dec. 31, 2023
Significant Contingent Liabilities And Unrecognized Commitments [Abstract]
SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED COMMITMENTS	SIGNIFICANT CONTINGENT LIABILITIES AND UNRECOGNIZED COMMITMENTS On December 26, 2019, Stone Energy Technology Corporation (“Stone Energy”) filed a lawsuit for patent infringement against Gogoro Taiwan Limited, Gogoro Network (Cayman), Gogoro Network (Cayman) Taiwan Branch and Gogoro Taiwan Sales and Services Limited in the Intellectual Property and Commercial Court (“IPCC”) of the Republic of China. On June 14, 2023, the Supreme Court had rejected Stone Energy’s appeal. No further legal action had been taken by Stone Energy and the litigation was finalized. As such, no provision had been recognized as of December 31, 2023. As of December 31, 2023, the Company is facing three litigation cases, which have been initiated by former executives, managers and employees amounting to approximately $2,065 thousand. These cases are currently undergoing proceedings in the Taiwanese district courts and high court. The Company is defending for the favorable results. Due to the uncertainty of timing and the amount of estimated future cash flows, no provision had been recognized as of December 31, 2023. On January 5, 2024, a service provider filed a lawsuit against Gogoro Taiwan Limited for a claim amounting to approximately $684 thousand in relation to a past event pursuant to the relevant service agreement. The litigation is currently undergoing proceedings in the Taiwan Taipei District Court. While there is insufficient information to ascertain the chance of winning the case, the Company is defending for the favorable result. Due to the uncertainty of timing and the amount of estimated future cash flows, no provision had been recognized as of December 31, 2023.

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023
Auditor Information [Abstract]
Auditor Name	Deloitte & Touche
Auditor Location	Taipei, TaiwanRepublic of China
Auditor Firm ID	1060

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (76,038)	$ (98,908)	$ (67,362)
Adjustments for:
Depreciation expenses	97,798	93,875	93,776
Amortization expenses	579	932	1,043
Impairment losses (reversal of impairment losses)	4,338	3,568	(120)
Share-based payments	26,324	37,907	5,038
Listing expense	0	178,804	0
Finance costs	11,925	12,671	11,088
Finance income	(2,946)	(2,942)	(625)
Loss on disposals of property, plant and equipment	1,642	0	0
Other losses, net	615	973	315
(Gain) loss on financial liabilities at fair value through profit or loss	(16,117)	(205,938)	7,465
Share of loss of investments accounted for using equity method	1,221	0	0
Income tax expense	0	2	0
Changes in operating assets and liabilities:
Increase in trade receivables	(1,483)	(41)	(3,669)
Decrease (increase) in inventories	21,709	(44,609)	21,200
Decrease (increase) in other assets	9,741	(5,128)	(7,246)
(Decrease) increase in notes and trade payables	(762)	(14,379)	23,388
(Decrease) increase in contract liabilities	(1,359)	(5,788)	5,213
Decrease in provisions for product warranty	(2,575)	(7,580)	(1,932)
(Decrease) increase in other liabilities	(6,723)	1,379	3,422
Cash generated from (used in) operations	67,889	(55,202)	90,994
Interest income received	2,946	2,942	669
Interest expense paid	(11,682)	(12,530)	(10,906)
Income tax refund received	(58)	0	37
Net cash generated from (used in) operating activities	59,095	(64,790)	80,794
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for acquisitions of property, plant and equipment	(117,816)	(123,102)	(127,739)
Proceeds from disposals of property, plant and equipment	1,549	418	3,075
Payments for acquisitions of intangible assets	(466)	(590)	(667)
Payments for acquisitions of investments accounted for using equity method	(18,900)	0	0
Refundable deposits paid	(462)	(147)	(323)
Decrease in time deposits with original maturities of more than three months	0	26,479	82,822
(Increase) decrease in restricted deposits	(531)	(4,160)	1,314
Net cash used in investing activities	(136,626)	(101,102)	(41,518)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the Mergers (Note 4)	0	32,145	0
Proceeds from PIPE Investments (Note 17)	0	294,820	0
Proceeds from bank loans	155,069	173,372	123,729
Repayments of bank loans	(127,221)	(90,647)	(42,630)
Repayments of bonds	0	(102,594)	0
Dividends paid for redeemable preferred shares	0	(2,094)	(7,000)
Payments for redemption of redeemable preferred shares	0	(106,055)	0
Guarantee deposits received	0	335	0
Guarantee deposits refunded	(62)	0	(103)
Repayments of the principal portion of lease liabilities	(12,635)	(12,886)	(12,232)
Net cash generated from financing activities	15,151	186,396	61,764
Effects of exchange rate changes on cash and cash equivalents	165	(1,833)	(2,653)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(62,215)	18,671	98,387
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR	236,100	217,429	119,042
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR	$ 173,885	$ 236,100	$ 217,429

Notes And Trade Payables (Tables)

12 Months Ended

Dec. 31, 2023

Subclassifications of assets, liabilities and equities [abstract]

Schedule of Notes Payable and Trade Payable


	As of December 31,
	2023		2022
Notes payables	$	182	$	824
Trade payables	37,935		38,055
	$	38,117	$	38,879

Provisions - Disclosure of Movement of Provisions for Product Warranty (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Provisions [Roll Forward]
Balance as of January 1	$ 8,050	$ 15,630	$ 17,562
Additional provisions recognized	3,209	4,240	5,642
Unused provisions reversed	(62)	(4,449)	0
Provisions used	(4,684)	(5,884)	(7,811)
Exchange differences on translation	(7)	(1,487)	237
Balance as of December 31	$ 6,506	$ 8,050	$ 15,630

Financial Liabilities at Fair Value Through Profit or Loss

12 Months Ended

Dec. 31, 2023

Disclosure Of Financial Instrument [Abstract]

FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS


	As of December 31,
	2023		2022
Earnout liabilities (Note a)	$	16,380	$	24,147
Earn-in liabilities (Note b)	9,079		13,384
Warrant liabilities (Note c)	5,373		9,418
Redeemable preferred shares (Note d)	—		—
	$	30,832	$	46,949

a.Earnout liabilities

Pursuant to the Merger Agreement, during the period between the closing date and the sixth anniversary of the closing date, eligible shareholders of Gogoro may receive up to 12,000,000 additional ordinary shares of Gogoro (the “Earnout Shares”), with one-third of the Earnout Shares issuable if over any 20 trading days within any 30 trading day period the volume-weighted average price of the ordinary shares of Gogoro is greater than or equal to $15.00, $17.50 and $20.00, respectively (the “Earnout Arrangement”). The rights to the Earnout Shares were recognized as financial liabilities with offset to accumulated deficits in equity. As of December 31, 2023 and 2022, no Earnout Shares were issued. Refer to Note 24 for information in relation to the fair value measurement of the earnout liabilities.

b.Earn-in liabilities

Concurrently with the execution and delivery of the Merger Agreement, Gogoro, Poema and Poema Global Partners LLC (the “Sponsor”) have entered into a support agreement (the “Sponsor Support Agreement”).

Under the Sponsor Support Agreement, 6,393,750 ordinary shares of Gogoro held by the Sponsor immediately after the first effective time of the Mergers shall become unvested and subjected to forfeiture (the “Sponsor Earn-in Shares”). Subject to the terms and conditions contemplated by the Sponsor Support Agreement, during the period between the closing date and the sixth anniversary of the closing date, one-third of the Sponsor Earn-in Shares shall vest if over any 20 trading days within any 30 trading day period the volume-weighted average price of the ordinary shares of Gogoro is greater than or equal to $15.00, $17.50 and $20.00, respectively. The rights to Sponsor Earn-in Shares were accounted for as a contingent consideration for the Mergers and recognized as financial liabilities. As of December 31, 2023 and 2022, no Sponsor Earn-in Shares were vested. Refer to Note 24 for information in relation to the fair value measurement of the earn-in liabilities.

c.Warrant liabilities

Pursuant to the Merger Agreement, on the closing date, Gogoro assumed warrants previously issued by Poema, consisting of 9,400,000 private placement warrants (the “Private Placement Warrants”) and 17,250,000 public warrants (the “Public Warrants”). The warrants have an exercise price of $11.50 per share, subject to adjustments, and will expire five years after the completion of the Mergers or earlier upon redemption or liquidation. Refer to Note 24 for information in relation to the fair value measurement of the warrant liabilities

d.Redeemable preferred shares

On July 21, 2020, board of directors of Gogoro resolved to issue 22,000 thousand redeemable preferred shares, with a par value of $1.00 each, at $5.00 per share. On July 31, 2020, Gogoro issued 20,000 thousand redeemable preferred shares with a total consideration of $100,000 thousand. The subscription terms of the redeemable preferred shares (the “Subscription Shares”) were as follows:

i.The Subscription Shares will have a non-cumulative dividend at a rate of 7% per annum, which shall be payable in the sole discretion of board of directors of Gogoro. Dividends shall be payable with respect to dividend accrual periods for any given issuance of the Subscription Shares, which are each complete calendar quarter following the issuance of the Subscription Shares. The Subscription Shares shall not participate in the dividend distribution, if any, for ordinary shares.

ii.The Subscription Shares will be non-voting.

iii.The Subscription Shares will have a liquidation preference over all other equity shares of Gogoro.

iv.Gogoro could, in its sole discretion, decide to redeem the Subscription Shares at the amount equal to the issue price of the Subscription Shares held considering the change of exchange rates between initial date and redemption date and also plus the pro rata declared but unpaid dividends, if any. Such redemption shall not take place within one year from the July 31, 2020.

Considering the fact that the Gogoro had a concrete plan to redeem the preferred shares in the foreseeable future and such financial instrument contained embedded derivatives, the Company recognized the redeemable preferred shares and the embedded derivatives as financial liabilities and designated as at FVTPL.

Pursuant to the resolution of the board of directors in December 2021, Gogoro redeemed all redeemable preferred shares at the redemption amount of $108,149 thousand, including dividends of $2,094 thousand, in January 2022.

Borrowings - Summary of Borrowings (Details) $ in Thousands, $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 TWD ($)
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 410,171	$ 381,174
Current	75,590	87,982
Non-current	334,581	293,192
Borrowings	410,171	381,174
Bank loans - Syndicated loans
Disclosure of detailed information about borrowings [line items]
Borrowings	309,425	221,405
Current	27,552	13,774
Non-current	281,873	207,631
Borrowings	309,425	221,405
Bank loans - Syndicated loans
Disclosure of detailed information about borrowings [line items]
Borrowings	309,425	221,405
Borrowings	309,425	221,405
Bank loans - Loans for batteries
Disclosure of detailed information about borrowings [line items]
Borrowings	85,276	111,611	$ 3,975
Current	32,568	26,050
Non-current	52,708	85,561
Borrowings	85,276	111,611	$ 3,975
Bank loans - Loans for procurement and operating capital
Disclosure of detailed information about borrowings [line items]
Borrowings	15,470	48,158
Borrowings	$ 15,470	$ 48,158
Borrowings, interest rate	3.25%	2.94%	2.94%
Bonds
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 0	$ 0
Borrowings	$ 0	$ 0
Bottom of range \| Bank loans - Syndicated loans
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate	3.21%	2.74%	2.74%
Bottom of range \| Bank loans - Loans for procurement and operating capital
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate	2.05%	1.70%	1.70%
Top of range \| Bank loans - Syndicated loans
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate	3.26%	2.93%	2.93%
Top of range \| Bank loans - Loans for procurement and operating capital
Disclosure of detailed information about borrowings [line items]
Borrowings, interest rate	2.30%	2.29%	2.29%

Net Loss From Continuing Operations - Finance Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Income (Loss) From Continuing Operations [Abstract]
Interest income on deposits	$ 2,847	$ 2,870	$ 572
Others	99	72	53
Finance income	$ 2,946	$ 2,942	$ 625

Trade Receivables - Summary of the Loss Allowance of Trade Receivables (Details) - Trade receivables - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]
Amount recognized in profit or loss	$ 491	$ 523	$ 519
Write-off	(64)	(726)	(26)
Exchange differences on translation	6	(131)	19
Impairment losses (Lifetime ECL)
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]
Financial assets at beginning of period	1,082	1,416	904
Financial assets at end of period	$ 1,515	$ 1,082	$ 1,416

- Definition

The amount of assets that are: (a) cash; (b) an equity instrument of another entity; (c) a contractual right: (i) to receive cash or another financial asset from another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; or (d) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to receive a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose the entity’s own equity instruments do not include puttable financial instruments classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. [Refer: Financial instruments, class [member]; Financial liabilities]

+ References + Details

Provisions - Narrative (Details)	12 Months Ended
Provisions - Narrative (Details)	Dec. 31, 2023
Subclassifications of assets, liabilities and equities [abstract]
Warranty period	2 years

Trade Receivables - Summary of Trade Receivables, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2021
Disclosure of credit risk exposure [line items]
Current trade receivables	$ 17,135	$ 16,143	$ 16,625
Trade receivables
Disclosure of credit risk exposure [line items]
Current trade receivables	18,650	17,225
Accumulated impairment losses
Disclosure of credit risk exposure [line items]
Current trade receivables	$ (1,515)	$ (1,082)

Critical Accounting Judgements and Key Sources of Estimation Uncertainty	12 Months Ended
	Dec. 31, 2023
Critical Accounting Judgements And Key Sources Of Estimation Uncertainty [Abstract]
CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY	CRITICAL ACCOUNTING JUDGMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the Company’s accounting policies, management is required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised if the revisions affect only that period or in the period of the revisions and future periods if the revisions affect both current and future periods. a.Estimated useful lives of property, plant and equipment The costs of property, plant and equipment are charged as depreciation expense over the estimated useful lives of the respective assets using the straight-line method. The Company periodically reviews changes in technology and industry conditions, asset retirement activity and residual values to determine adjustments to estimated remaining useful lives and depreciation rates. Actual economic lives may differ from estimated useful lives. Periodic reviews could result in a change in depreciable lives and therefore depreciation expense in future periods. b.Net realizable value of inventories The Company writes down the carrying amount of inventories to the net realizable value if those inventories are damaged, if they have become wholly or partially obsolete, if their selling prices have declined, if they have been acquired for an excessive period or time, or if they are slow-moving. Estimates of net realizable value are based on the most reliable evidence available at the time the estimates are made, of the amount the inventories are expected to realize. These estimates take into consideration including fluctuations of price or cost directly relating to events occurring after the end of the period to the extent that such events confirm conditions existing at the end of the period. c.Provisions for product warranty The Company accrues a warranty reserve for the electric scooters sold, which includes the Company’s best estimate of the projected costs to repair or replace items under warranties and recalls when identified. These estimates are based on actual claims incurred to date as well as the forecasted claims based on historical experience and an estimate of the working hours, material costs and hourly wage rates, depending on the types of electric scooters. These estimates are inherently uncertain due to the Company’s relatively short history of sales, and changes to our historical or projected warranty experience may cause material changes to the warranty reserve in the future. Warranty expense is recorded as a component of cost of revenue in the consolidated statements of comprehensive income. Refer to Note 16 for information in relation to provisions for product warranty. d.Share-based payment arrangements To determine the fair value of restricted shares granted to executives and employees, the Company estimated the grant date fair value of its common stock using the income approach which incorporated future growth prospects and economic benefits resulting from the execution of the Company’s business strategy and anticipated operational improvements. Since the Company was previously privately-held, the pricing inputs, including but not limited to the discount rate and perpetual growth rate, were estimated based on its peer or similar companies. To determine the fair values of share options granted to directors, executives and employees, the Company estimates the grant date fair values of its share options using the Binomial Model which incorporates probabilities of upward and downward movements of stock price and anticipated exercise behavior of the holders of such options. Since the Company was newly listed and does not have a sufficient length of historical stock price record, some of the pricing inputs, including but not limited to the expected stock price volatility and expected early-exercise multiples, are estimated based on its guideline companies or empirical study results. If the actual changes of inputs in the future differ from expectation, the fair value might vary accordingly. Refer to Note 22 for information in relation to share-based payment arrangements. e.Fair value measurements of financial liabilities at FVTPL Some of the Company’s financial liabilities at FVTPL are categorized within Level 3 in the fair value measurements according to IFRS 13 “Fair Value Measurement.” The valuation of earnout liabilities, earn-in liabilities and Private Placement Warrants are performed using Monte Carlo simulations with unobservable inputs including the volatility in connection with the financial instruments. Significant judgment is required to determine the appropriateness of those unobservable inputs. Refer to Note 13 for information in relation to financial liabilities at FVTPL and Note 24 for information in relation to the fair value measurements.

Financial Instruments - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Financial Instrument [Abstract]
Gains (losses) recognised in profit or loss attributable to change in unrealised gains or losses for liabilities held at end of period, fair value measurement	$ 13,528	$ 189,147
Sensitivity analysis, effect on a 10 basis point increase or decrease of interest rates	$ 361	$ 278	$ 392

Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [abstract]

Summary of Share Capital

Share capital


	As of December 31,
	2023		2022
Ordinary shares, $0.0001 par value (Note i)	$	24	$	24
Series C preferred shares, $1 par value (Note ii)	—		—
	$	24	$	24

i.Ordinary shares


	Unit: in Thousands of Shares
	As of December 31,
	2023	2022
Ordinary shares

Number of shares authorized	450,000	450,000
Number of shares issued and fully paid	245,721	244,211

The movements of the number of ordinary shares issued and fully paid were as follows:


	Unit: in Thousands of Shares
	For the Year Ended December 31,
	2023	2022	2021
Number of shares as of January 1	244,211	126,100	126,100
Issuance of ordinary shares in relation to the Merger Agreement	—	88,643	—
Issuance of ordinary shares in relation to the PIPE Agreements	—	29,482	—
Reacquisition of restricted shares due to forfeiture	(261)	(274)	—
Issuance of ordinary shares in relation to exercise of share options	—	1	—
Issuance of ordinary shares in relation to vesting of restricted stock units	1,771	259	—
Number of shares as of December 31	245,721	244,211	126,100

Series C preferred shares


	Unit: in Thousands of Shares
	As of December 31,
	2023	2022
Series C preferred shares

Number of shares authorized	—	—
Number of shares issued and fully paid	—	—

The movements of the number of preferred shares issued and fully paid were as follows:


	Unit: in Thousands of Shares
	For the Year Ended December 31,
	2023	2022	2021
Number of shares as of January 1	—	75,025	75,025
Repurchase of Series C preferred shares	—	(75,025)	—
Number of shares as of December 31	—	—	75,025

Summary of Capital Surplus

Reserves


	As of December 31,
	2023		2022
Capital surplus - Issuance of ordinary shares	$	599,077	$	598,317
Capital surplus - Expired share options	2,209		2,209
Capital surplus - Employee restricted shares (Note 22)	52,260		37,126
Capital surplus - Employee share options (Note 22)	16,366		5,818
Accumulated deficits	(425,978)		(349,940)
Other equity	4,729		5,420
	$	248,663	$	298,950

Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2023

Earnings per share [abstract]

Loss Per Share


	Unit: in U.S. Dollars Per Share
	For the Year Ended December 31
	2023		2022		2021
Basic and diluted loss per share	$	(0.32)	$	(0.45)	$	(0.35)

a.Net loss


	For the Year Ended December 31
	2023		2022		2021
Net loss	$	(76,038)	$	(98,908)	$	(67,362)

b.Number of shares


	Unit: in Thousands of Shares
	For the Year Ended December 31
	2023	2022	2021
Weighted average number of ordinary shares used in calculating basic and diluted loss per share	234,803	222,000	193,334

Material Accounting Policy Information (Policies)

12 Months Ended

Dec. 31, 2023

Summary Of Significant Accounting Policies [Abstract]

Basis of preparation

The consolidated financial statements are presented in thousands of U.S. dollars and all values are rounded to the nearest thousand dollars, except where otherwise indicated.

Compliance with IFRSs

The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”), International Accounting Standards (“IAS”), IFRIC Interpretations (“IFRIC”), and SIC Interpretations (“SIC”) issued by the International Accounting Standards Board (“IASB”) (collectively, “IFRSs”).

Basis of accounting

The consolidated financial statements, except for cash flow information, have been prepared using the accrual basis of accounting.

The consolidated financial statements have been prepared on the historical cost basis, except for the revaluation of certain financial instruments that are measured at fair values at the end of each reporting period.

All assets and liabilities for which fair value is measured or disclosed in the consolidated financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

i.Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities

ii.Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly

iii.Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data

For assets and liabilities that are recognized in the consolidated financial statements at fair value on a recurring basis, the Company determines whether transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.

Current/non-current distinction

Current and non-current assets, and current and non-current liabilities, are presented as separate classifications in the consolidated statement of financial position.

An asset is classified as current when:

•it expects to realize the asset, or intends to sell or consume it, in its normal operating cycle

•it holds the asset primarily for the purpose of trading

•it expects to realize the asset within twelve months after the reporting period; or

•the asset is cash or a cash equivalent unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.

A liability is classified as current when:

•it expects to settle the liability in its normal operating cycle

•it holds the liability primarily for the purpose of trading

•the liability is due to be settled within twelve months after the reporting period

•it does not have the right at the end of the reporting period to defer settlement of the liability for at least twelve months after the reporting period.

All other assets and liabilities are classified as non-current.

New and amended IFRSs that are effective for the current year

The Company has applied IFRS 17 “Insurance Contracts” including the June 2020 and December 2021 Amendments to IFRS 17, Amendments to IAS 1 “Disclosure of Accounting Policies”, Amendments to IAS 8 “Definition of Accounting Estimates”, Amendments to IAS 12 “Deferred Tax related to Assets and Liabilities arising from a Single Transaction” and Amendments to IAS 12 “International Tax Reform - Pillar Two Model Rules” that are mandatorily effective for the accounting period that began on or after 1 January 2023. The application has not had any material impact on the disclosures or on the amounts reported in the Company’s consolidated financial statements.

New and amended IFRSs in issue but not yet effective


New IFRSs						Effective Date Announced by IASB
Amendments to IFRS 10 and IAS 28 “Sale or Contribution of Assets between an Investor and its Associate or Joint Venture”						To be determined by IASB
Amendments to IAS 1 “Classification of Liabilities as Current or Non-current”						January 1, 2024
Amendments to IAS 1 “Non-current Liabilities with Covenants”						January 1, 2024
Amendments to IAS 7 and IFRS 7 “Supplier Finance Arrangements”						January 1, 2024
Amendments to IFRS 16 “Lease Liability in a Sale and Leaseback”						January 1, 2024
Amendments to IAS 21 “Lack of Exchangeability”						January 1, 2025

The Company does not expect that the application of the above standards and interpretations will have a material impact on the consolidated financial statements of the Company in future periods.

Basis of consolidation

The consolidated financial statements incorporate the financial statements of Gogoro and entities controlled by Gogoro (its subsidiaries) made up to December 31 each year. Control is achieved when Gogoro:

•has the power over the investee

•is exposed, or has rights, to variable returns from its involvement with the investee

•has the ability to use its power to affect its returns

Gogoro reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.

When the Company has less than a majority of the voting rights of an investee, it considers that it has power over the investee when the voting rights are sufficient to give it the practical ability to direct the relevant activities of the investee unilaterally. The Company considers all relevant facts and circumstances in assessing whether or not the Company’s voting rights in an investee are sufficient to give it power, including:

•the size of the Company’s holding of voting rights relative to the size and dispersion of holdings of the other vote holders

•potential voting rights held by the Company, other vote holders or other parties

•rights arising from other contractual arrangements

•any additional facts and circumstances that indicate that the Company has, or does not have, the current ability to direct the relevant activities at the time that decisions need to be made, including voting patterns at previous shareholders’ meetings

Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with the Company’s accounting policies.

All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between the entities of the Company are eliminated on consolidation.

Details of each Company’s subsidiary at the end of the reporting period are as follows:


			% of Ownership
			December 31
Investor	Investee	Principal Activities	2023	2022
Gogoro Inc.	Gogoro Taiwan Limited	Manufacture and research and development of electric scooters and bikes	100.00	100.00
	Gogoro Network	Provision of energy services to consumers using battery swapping system	100.00	100.00
	Gogoro Europe B.V. (Note i)	Holding company	—	100.00
	Gogoro Network Pte. Ltd.	Holding company	100.00	100.00
	GoShare Pte. Ltd.	Holding company	100.00	100.00
	Starship Merger Sub II Limited (Note ii)	Holding company	—	100.00
	Gogoro Network Infrastructure Pte. Ltd. (Note iii)	Holding company	100.00	—
Gogoro Taiwan Limited	Gogoro Taiwan Sales and Services Limited	Sale of electric scooters and related products and provision of after-sale services	100.00	100.00
	GoPocket Taiwan Limited	Issuance of reward points	100.00	100.00
	Gogoro Singapore Holding Pte. Ltd.	Holding company	100.00	100.00
GoShare Pte. Ltd.	GoShare Taiwan Limited	Provision of electric scooters free float sharing services	100.00	100.00
Gogoro Network Pte. Ltd.	Gogoro B.V.	Holding company	100.00	100.00
	Gogoro Network B.V.	Holding company	100.00	100.00
	Rui Li Trading (Shanghai) Limited (Note iv)	Holding company	—	—
	Gogoro India Private Limited	Manufacture and sale of electric scooters and related products and provision of after-sale services	100.00	100.00
Gogoro Singapore Holding Pte. Ltd.	Gogoro Europe Sales and Services B.V.	Sale of electric scooters and related products	100.00	100.00
	Rui Yi Trading (Shanghai) Limited	Holding company	100.00	100.00

i.Gogoro Europe B.V. was approved to dissolve its business in November 2020. The liquidation was completed in February 2023.

ii.Starship Merger Sub II Limited was incorporated as an exempted company with limited liability under the laws of Cayman Islands in August 2021 and was merged with Gogoro Inc. in April 2023.

iii.Gogoro Network Infrastructure Pte. Ltd. was incorporated as a private company limited by shares under the laws of Singapore in October 2023.

iv.Rui Li Trading (Shanghai) Limited had no paid-in capital as of December 31, 2022 and 2023.

Investments in associates

An associate is an entity over which the Company has significant influence and that is neither a subsidiary nor an interest in a joint venture. Significant influence is the power to participate in the financial and operating policy decisions of the investee but is not control or joint control over those policies.

The results and assets and liabilities of associates or joint ventures are incorporated in these financial statements using equity method of accounting, except when the investment is classified as held for sale, in which case it is accounted for in accordance with IFRS 5.

Under equity method, an investment in an associate is recognized initially in the consolidated statement of financial position at cost and adjusted thereafter to recognize the Company’s share of the profit or loss and other comprehensive income of the associate. When the Company’s share of losses of an associate exceeds the Company’s interest in that associate (which includes any long-term interests that, in substance, form part of the Company’s net investment in the associate), the Company discontinues recognizing its share of further losses. Additional losses are recognized only to the extent that the Company has incurred legal or constructive obligations or made payments on behalf of the associate.

An investment in an associate is accounted for using equity method from the date on which the investee becomes an associate. On acquisition of the investment in an associate, any excess of the cost of the investment over the Company’s share of the net fair value of the identifiable assets and liabilities of the investee is recognized as goodwill, which is included within the carrying amount of the investment. Any excess of the Company’s share of the net fair value of the identifiable assets and liabilities over the cost of the investment, after reassessment, is recognized immediately in profit or loss in the period in which the investment is acquired.

If there is objective evidence that the Company’s net investment in an associate is impaired, the requirements of IAS 36 are applied to determine whether it is necessary to recognize any impairment loss with respect to the Company’s investment. When necessary, the entire carrying amount of the investment (including goodwill) is tested for impairment in accordance with IAS 36 as a single asset by comparing its recoverable amount (higher of value in use and fair value less costs of disposal) with its carrying amount. Any impairment loss recognized is not allocated to any asset, including goodwill that forms part of the carrying amount of the investment. Any reversal of that impairment loss is recognized in accordance with IAS 36 to the extent that the recoverable amount of the investment subsequently increases.

When a Company’s entity transacts with an associate of the Company, profits and losses resulting from the transactions with the associate are recognized in the Company’s consolidated financial statements only to the extent of interests in the associate that are not related to the Company.

Foreign currencies

In preparing the financial statements of the Company’s entities, transactions in currencies other than the entity’s functional currency (foreign currencies) are recognized at the rates of exchange prevailing on the dates of the transactions. At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing at that date. Non-monetary items carried at fair value that are denominated in foreign currencies are translated at the rates prevailing at the date when the fair value was determined. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated. Exchange differences are recognized in profit or loss in the period in which they arise.

For the purpose of presenting consolidated financial statements, the assets and liabilities of the Company’s foreign operations are translated at exchange rates prevailing on the reporting date. Income and expense items are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during that period, in which case the exchange rates at the date of transactions are used. Exchange differences arising, if any, are recognized in other comprehensive income and accumulated in a foreign exchange translation reserve.

Inventories

Inventories consist of raw materials, semi-finished goods and merchandise and are stated at the lower of cost and net realizable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. Cost is calculated using the weighted average cost method. Inventories are written down to net realizable value item by item, except for when it is appropriate to group similar or related items. Net realizable value represents the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

Property, plant and equipment in the course of construction are measured at cost less any recognized impairment loss. Cost includes professional fees and borrowing costs eligible for capitalization. Samples produced when testing whether an item of property, plant and equipment is functioning properly before that asset reaches its intended use are measured at the lower of cost or net realizable value, and any proceeds from selling those samples and the cost of those samples are recognized in profit or loss. Such assets are classified to the appropriate categories of property, plant and equipment and depreciated when completed and ready for their intended use.

Depreciation is recognized to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method.

The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Leasehold improvements are depreciated over the shorter period of the lease term and the useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related leasehold improvement is depreciated over the useful life of the underlying asset.

An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. The gain or loss arising on the disposal or retirement of an asset is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognized in profit or loss.

At each reporting date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated to determine the extent of the impairment loss (if any). Where the asset does not generate cash flows that are independent from other assets, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. When a reasonable and consistent basis of allocation can be identified, corporate assets are also allocated to individual cash-generating units, or otherwise, they are allocated to the smallest group of cash-generating units for which a reasonable and consistent allocation basis can be identified.

Recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognized immediately in profit or loss.

Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss to the extent that it eliminates the impairment loss which has been recognized for the asset in prior years.

Intangible assets

Intangible assets acquired separately

Intangible assets with finite useful lives that are acquired separately are carried at cost less accumulated amortization and accumulated impairment losses. Amortization is recognized on a straight-line basis over their estimated useful lives. The estimated useful life and amortization method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis.

Derecognition of intangible assets

An intangible asset is derecognized on disposal, or when no future economic benefits are expected from use or disposal. Gains or losses arising from derecognition of an intangible asset, measured as the difference between the net disposal proceeds and the carrying amount of the asset, are recognized in profit or loss when the asset is derecognized.

Impairment of intangible assets

At each reporting date, the Company reviews the carrying amounts of its intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset

is estimated to determine the extent of the impairment loss (if any). Where the asset does not generate cash flows that are independent from other assets, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. When a reasonable and consistent basis of allocation can be identified, corporate assets are also allocated to individual cash-generating units, or otherwise, they are allocated to the smallest group of cash-generating units for which a reasonable and consistent allocation basis can be identified.

Intangible assets with an indefinite useful life are tested for impairment at least annually and whenever there is an indication at the end of a reporting period that the asset may be impaired.

Financial instruments

Financial assets and financial liabilities are recognized in the Company’s statement of financial position when the Company becomes a party to the contractual provisions of the instrument.

Financial assets and financial liabilities are initially measured at fair value, except for trade receivables that do not have a significant financing component which are measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are recognized immediately in profit or loss.

Financial assets

All regular way purchases or sales of financial assets are recognized and derecognized on a trade date basis. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or convention in the marketplace.

All recognized financial assets are measured subsequently in their entirety at either amortized cost or fair value, depending on the classification of the financial assets.

i.Cash and cash equivalents

Cash equivalents are short-term with original maturity of three months or less, highly liquid investments that are readily convertible to a known amount of cash and which are subject to an insignificant risk of changes in value. Cash equivalents are held for the purpose of meeting short-term cash commitments rather for investment or other purposes.

Bank balances for which use by the Company is subject to third party contractual restrictions are included as part of cash unless the restrictions result in a bank balance no longer meeting the definition of cash. If the contractual restrictions to use the cash extend beyond 12 months after the end of the reporting period, the related amounts are classified as non-current in the statement of financial position.

ii.Classification of financial assets

Debt instruments that meet the following conditions are measured subsequently at amortized cost:

•The financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows; and

•The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

Financial assets at amortized cost

The effective interest method is a method of calculating the amortized cost of a debt instrument and of allocating interest income over the relevant period.

For financial assets other than purchased or originated credit-impaired financial assets, the effective interest rate is the rate that exactly discounts estimated future cash receipts (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) excluding expected credit losses, through the expected life of the debt instrument, or, where appropriate, a shorter period, to the gross carrying amount of the debt instrument on initial recognition. For purchased or originated credit-impaired financial assets, a credit-adjusted effective interest rate is calculated by discounting the estimated future cash flows, including expected credit losses, to the amortized cost of the debt instrument on initial recognition.

The amortized cost of a financial asset is the amount at which the financial asset is measured at initial recognition minus the principal repayments, plus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount, adjusted for any loss allowance. The gross carrying amount of a financial asset is the amortized cost of a financial asset before adjusting for any loss allowance.

Interest income is recognized using the effective interest method for debt instruments measured subsequently at amortized cost. For financial assets other than purchased or originated credit-impaired financial assets, interest income is calculated by applying the effective interest rate to the gross carrying amount of a financial asset, except for financial assets that have subsequently become credit-impaired. For financial assets that have subsequently become credit-impaired, interest income is recognized by applying the effective interest rate to the amortized cost of the financial asset. If, in subsequent reporting periods, the credit risk on the credit-impaired financial instrument improves so that the financial asset is no longer credit-impaired, interest income is recognized by applying the effective interest rate to the gross carrying amount of the financial asset.

iii.Foreign exchange gains and losses

The carrying amount of financial assets that are denominated in a foreign currency is determined in that foreign currency and translated at the spot rate at the end of each reporting period. Specifically, for financial assets measured at amortized cost that are not part of a designated hedging relationship, exchange differences are recognized in profit or loss.

iv.Impairment of financial assets

The Company recognizes a loss allowance for expected credit losses on investments in debt instruments that are measured at amortized cost. The amount of expected credit losses is updated at each reporting date to reflect changes in credit risk since initial recognition of the respective financial instrument.

The Company always recognizes lifetime expected credit losses (ECL) for trade receivables. The expected credit losses on these financial assets are estimated using a provision matrix based on the Company’s historical credit loss experience, adjusted for factors that are specific to the debtors, general economic conditions and an assessment of both the current as well as the forecast direction of conditions at the reporting date, including time value of money where appropriate.

For all other financial instruments, the Company recognizes lifetime ECL when there has been a significant increase in credit risk since initial recognition. However, if the credit risk on the financial instrument has not increased significantly since initial recognition, the Company measures the loss allowance for that financial instrument at an amount equal to 12-month ECL.

Lifetime ECL represents the expected credit losses that will result from all possible default events over the expected life of a financial instrument. In contrast, 12-month ECL represents the portion of lifetime ECL that is expected to result from default events on a financial instrument that are possible within 12 months after the reporting date.

Significant increase in credit risk

In assessing whether the credit risk on a financial instrument has increased significantly since initial recognition, the Company compares the risk of a default occurring on the financial instrument at the reporting date with the risk of a default occurring on the financial instrument at the date of initial recognition. In making this assessment, the Company considers both quantitative and qualitative information that is reasonable and supportable, including historical experience and forward-looking information that is available without undue cost or effort. Forward-looking information includes the future prospects of the industries in which the Company’s debtors operate as well as consideration of various external sources of actual and forecast economic information that relates to the Company’s core operations.

In particular, the following information is taken into account when assessing whether credit risk has increased significantly since initial recognition:

•existing or forecast adverse changes in business, financial or economic conditions that are expected to cause a significant decrease in the debtor’s ability to meet its debt obligations;

•an actual or expected significant deterioration in the operating results of the debtor;

•significant increases in credit risk on other financial instruments of the same debtor; and

•an actual or expected significant adverse change in the regulatory, economic, or technological environment of the debtor that results in a significant decrease in the debtor’s ability to meet its debt obligations.

Irrespective of the outcome of the above assessment, the Company presumes that the credit risk on a financial asset has increased significantly since initial recognition when contractual payments in relation to battery swapping service are more than 30 days past due and when contractual payments in relation to other products and services are more than 90 days past due, unless the Company has reasonable and supportable information that demonstrates otherwise.

Despite the foregoing, the Company assumes that the credit risk on a financial instrument has not increased significantly since initial recognition if the financial instrument is determined to have low credit risk at the reporting date. A financial instrument is determined to have low credit risk if:

•the financial instrument has a low risk of default;

•the debtor has a strong capacity to meet its contractual cash flow obligations in the near term; or

•adverse changes in economic and business conditions in the longer term may, but will not necessarily, reduce the ability of the borrower to fulfill its contractual cash flow obligations

The Company considers a financial asset to have low credit risk when the counterparty has no past due amounts.

The Company regularly monitors the effectiveness of the criteria used to identify whether there has been a significant increase in credit risk and revises them as appropriate to ensure that the criteria are capable of identifying significant increase in credit risk before the amount becomes past due.

Definition of default

The Company considers the following as constituting an event of default for internal credit risk management purposes as historical experience indicates that financial assets that meet either of the following criteria are generally not recoverable:

•when there is a breach of contracts by the debtor; or

•information developed internally or obtained from external sources indicates that the debtor is unlikely to pay its creditors, including the Company, in full without taking into account any collateral held by the Company.

Irrespective of the above analysis, the Company considers that default has occurred when a financial asset in relation to battery swapping service is more than 120 days past due and when a financial asset in relation to other products or services is more than 365 days past due unless the Company has reasonable and supportable information to demonstrate that a more lagging default criterion is more appropriate.

Credit-impaired financial assets

A financial asset is credit-impaired when one or more events that have a detrimental impact on the estimated future cash flows of that financial asset have occurred. Evidence that a financial asset is credit-impaired includes observable data about the following events:

•significant financial difficulty of the debtor;

•a breach of contract, such as a default or past due event;

•the lenders of the debtor, for economic or contractual reasons relating to the debtor’s financial difficulty, having granted to the debtor concessions that the lenders would not otherwise consider; or

•it is becoming probable that the debtor will enter bankruptcy or other financial reorganization.

Write-off policy

The Company writes off a financial asset when there is information indicating that the debtor is in severe financial difficulty and there is no realistic prospect of recovery, e.g. when the debtor has been placed under liquidation or has entered into bankruptcy proceedings. Financial assets written off may still be subject to enforcement activities under the Company’s recovery procedures, taking into account legal advice where appropriate. Any recoveries made are recognized in profit or loss.

Measurement and recognition of expected credit losses

The measurement of expected credit losses is a function of the probability of default, loss given default and the exposure at default. The assessment of the probability of default and loss given default is based on historical data adjusted by forward-looking information as described above. As for the exposure at default, for financial assets, this is represented by the assets’ gross carrying amount at the reporting date; for financial guarantee contracts, the exposure includes the amount of guaranteed debt that has been drawn down as at the reporting date, together with any additional guaranteed amounts expected to be drawn down by the borrower in the future by default date determined based on historical trend, the

Company’s understanding of the specific future financing needs of the debtors, and other relevant forward-looking information.

For financial assets, the expected credit loss is estimated as the difference between all contractual cash flows that are due to the Company in accordance with the contract and all the cash flows that the Company expects to receive, discounted at the original effective interest rate. For a lease receivable, the cash flows used for determining the expected credit losses is consistent with the cash flows used in measuring the lease receivable in accordance with IFRS 16.

If the Company has measured the loss allowance for a financial instrument at an amount equal to lifetime ECL in the previous reporting period, but determines at the current reporting date that the conditions for lifetime ECL are no longer met, the Company measures the loss allowance at an amount equal to 12-month ECL at the current reporting date, except for assets for which the simplified approach was used.

The Company recognizes an impairment gain or loss in profit or loss for all financial instruments with a corresponding adjustment to their carrying amount through a loss allowance account.

v.Derecognition of financial assets

The Company derecognizes a financial asset only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity. If the Company neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the transferred asset, the Company recognizes its retained interest in the asset and an associated liability for amounts it may have to pay. If the Company retains substantially all the risks and rewards of ownership of a transferred financial asset, the Company continues to recognize the financial asset and also recognizes a collateralized borrowing for the proceeds received.

On derecognition of a financial asset measured at amortized cost, the difference between the asset’s carrying amount and the sum of the consideration received and receivable is recognized in profit or loss.

Equity instruments

Debt and equity instruments issued by Gogoro are classified as either financial liabilities or as equity in accordance with the substance of the contractual arrangements and the definitions of a financial liability and an equity instrument.

An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments issued by Gogoro are recognized at the proceeds received, net of direct issue costs.

Repurchase of Gogoro’s own equity instruments is recognized and deducted directly in equity. No gain or loss is recognized in profit or loss on the purchase, sale, issue or cancellation of Gogoro’s own equity instruments.

Financial liabilities

All financial liabilities are measured subsequently at amortized cost using the effective interest method or at fair value through profit or loss (“FVTPL”).

i.Subsequent measurement

Financial liabilities at FVTPL

Financial liabilities are classified as at FVTPL when the financial liability is:

•contingent consideration of an acquirer in a business combination;

•held for trading; or

•it is designated as at FVTPL.

A financial liability is classified as held for trading if either:

•it has been acquired principally for the purpose of repurchasing it in the near term;

•on initial recognition it is part of a portfolio of identified financial instruments that the Company manages together and has a recent actual pattern of short-term profit-taking; or

•it is a derivative, except for a derivative that is a financial guarantee contract or a designated and effective hedging instrument.

A financial liability other than a financial liability held for trading or contingent consideration of an acquirer in a business combination may be designated as at FVTPL upon initial recognition if either:

•such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise;

•the financial liability forms part of a group of financial assets or financial liabilities or both, which is managed and its performance is evaluated on a fair value basis, in accordance with the Company’s documented risk management or investment strategy, and information about the grouping is provided internally on that basis; or

•it forms part of a contract containing one or more embedded derivatives, and IFRS 9 permits the entire combined contract to be designated as at FVTPL.

Financial liabilities at FVTPL are measured at fair value, with any gains or losses arising on changes in fair value recognized in profit or loss to the extent that they are not part of a designated hedging relationship. The net gain or loss recognized in profit or loss incorporates any interest paid on the financial liability.

However, for financial liabilities that are designated as at FVTPL, the amount of change in the fair value of the financial liability that is attributable to changes in the credit risk of that liability is recognized in other comprehensive income, unless the recognition of the effects of changes in the liability’s credit risk in other comprehensive income would create or enlarge an accounting mismatch in profit or loss. The remaining amount of change in the fair value of liability is recognized in profit or loss. Changes in fair value attributable to a financial liability’s credit risk that are recognized in other comprehensive income are not subsequently reclassified to profit or loss; instead, they are transferred to retained earnings upon derecognition of the financial liability.

Financial liabilities at amortized cost

Financial liabilities that are not contingent consideration of an acquirer in a business combination, held-for-trading, or designated as at FVTPL, are measured subsequently at amortized cost using the effective interest method.

The effective interest method is a method of calculating the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments, including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts, through the expected life of the financial liability, or where appropriate a shorter period, to the amortized cost of a financial liability.

ii.Foreign exchange gains and losses

For financial liabilities that are denominated in a foreign currency and are measured at amortized cost at the end of each reporting period, the foreign exchange gains and losses are determined based on the amortized cost of the instruments. These foreign exchange gains and losses are recognized in profit or loss for financial liabilities that are not part of a designated hedging relationship.

The fair value of financial liabilities denominated in a foreign currency is determined in that foreign currency and translated at the spot rate at the end of the reporting period. For financial liabilities that are measured as at FVTPL, the foreign exchange component forms part of the fair value gains or losses and is recognized in profit or loss for financial liabilities that are not part of a designated hedging relationship.

iii.Derecognition of financial liabilities

The Company derecognizes financial liabilities when, and only when, the Company’s obligations are discharged, cancelled or have expired. The difference between the carrying amount of the financial liability derecognized and the consideration paid and payable is recognized in profit or loss.

When the Company exchanges with the existing lender one debt instrument into another one with substantially different terms, such exchange is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. Similarly, the Company accounts for substantial modification of terms of an existing liability or part of it as an extinguishment of the original financial liability and the recognition of a new liability. It is assumed that the terms are substantially different if the discounted present value of the cash flows under the new terms, including any fees paid net of any fees received and discounted using the original effective interest rate is at least 10 per cent different from the discounted present value of the remaining cash flows of the original financial liability. If the modification is not substantial, the difference between the carrying amount of the liability before the modification and the present value of the cash flows after modification is recognized in profit or loss.

Provisions

Provisions are recognized when the Company has a present legal or constructive obligation as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using

the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows when the effect of the time value of money is material.

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognized as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Warranties

Provisions for the expected cost of warranty obligations under local sale of goods legislation are recognized at the date of sale of the relevant products, at the management’s best estimate of the expenditure required to settle the Company’s obligations.

Revenue recognition

Revenue is measured based on the consideration to which the Company expects to be entitled in a contract with a customer and excludes amounts collected on behalf of third parties. The Company recognizes revenue when it transfers control of a product or service to a customer.

Revenue from sales of hardware

Revenue is recognized when the control of the electric scooters is transferred to the dealerships, retailers or customers. The transaction price of sales of electric scooters, taking into account the effects of any variable considerations and considerations payable to customers, received in advance in most of the transactions is recognized as a contract liability at the time of the initial sales transaction and is released when control is transferred. Warranties associated with the sale of electric scooters cannot be purchased separately and serve as an assurance that the products sold comply with the agreed-upon specifications. Accordingly, the Company accounts for warranties in accordance with IAS 37 “Provisions, Contingent Liabilities and Contingent Assets” (Note 16).

Revenue from battery swapping service

Revenue from battery swapping service is billed in arrears based on the service plan chosen by customers. For monthly fixed fee plans, monthly charges, taking into account the effects of any variable considerations, are recognized as revenue on a straight-line basis over the period when performance obligation is satisfied. For usage plans that contain both monthly fixed fees and variable charges by usage, revenues, taking into account the effects of any variable considerations, are recognized based on the usage in accordance with contract terms in addition to fixed monthly charges.

Service revenue

Service revenue mainly includes maintenance services of electric scooters, extended warranty service separately purchased by customers and leasing service of electric scooters. Revenue, taking into account the effects of any variable considerations, is recognized over the period in which the services are provided.

Leases

The Company as lessee

The Company assesses whether a contract is, or contains, a lease, at inception of the contract. The Company recognizes a right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for short-term leases defined as leases with a lease term of 12 months or less and leases of low value assets. For these leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed.

The lease liabilities are initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate.

The incremental borrowing rate depends on the term, currency and start date of the lease. The lease liabilities are subsequently measured by increasing the carrying amounts to reflect interest on the lease liabilities using the effective interest method and by reducing the carrying amounts to reflect the lease payments made. The lease liabilities are presented as a separate line in the consolidated statement of financial position.

Lease payments included in the measurement of the lease liability comprise:

•fixed lease payments, including in-substance fixed payments, less any lease incentives receivable;

•variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date;

•the amount expected to be payable by the lessee under residual value guarantees;

•the exercise price of purchase options, if the lessee is reasonably certain to exercise the options; and

•payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease.

The Company remeasures a lease liability and makes a corresponding adjustment to the related right-of-use asset whenever:

•the lease term has changed or there is a significant event or change in circumstances resulting in a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate;

•the lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using an unchanged discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used); or

•a lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured based on the lease term of the modified lease by discounting the revised lease payments using a revised discount rate at the effective date of the modification.

The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. The right-of-use assets are subsequently measured at cost less accumulated depreciation and impairment losses. The right-of-use assets are presented as a separate line in the consolidated statement of financial position.

Whenever the Company incurs an obligation for costs to dismantle and remove a leased asset, restore the site on which it is located or restore the underlying asset to the condition required by the terms and conditions of the lease, a provision is recognized and measured under IAS 37. To the extent that the costs relate to a right-of-use asset, the costs are included in the related right-of-use asset, unless those costs are incurred to produce inventories.

Right-of-use assets are depreciated over the shorter period of lease term and useful life of the right-of-use asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease.

The Company applies IAS 36 to determine whether a right-of-use asset is impaired and accounts for any identified impairment loss.

Variable rents that do not depend on an index or rate are not included in the measurement the lease liability and the right-of-use asset. The related payments are recognized as an expense in the period in which the event or condition that triggers those payments occurs.

As a practical expedient, IFRS 16 permits a lessee not to separate non-lease components, and instead account for any lease and associated non-lease components as a single arrangement.

Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

All other borrowing costs are recognized in profit or loss in the period in which they are incurred.

Government grants

Government grants are not recognized until there is reasonable assurance that the Company will comply with the conditions attaching to them and that the grants will be received.

Government grants are recognized in profit or loss on a systematic basis over the periods in which the Company recognizes as expenses the related costs for which the grants are intended to compensate. Specifically, government grants whose primary condition is that the Company should purchase, construct or otherwise acquire non-current assets (including property, plant and equipment) are recognized as deferred income in the consolidated statement of financial position and transferred to profit or loss on a systematic and rational basis over the useful lives of the related assets.

Government grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the Company with no future related costs are recognized in profit or loss in the period in which they become receivable.

Employee benefits

Retirement and termination benefit costs

Payments to defined contribution retirement benefit plans are recognized as an expense when employees have rendered service entitling them to the contributions. Payments made to state-managed retirement benefit plans are accounted for as payments to defined contribution plans where the Company’s obligations under the plans are equivalent to those arising in a defined contribution retirement benefit plan.

A liability for a termination benefit is recognized at the earlier of when the entity can no longer withdraw the offer of the termination benefit and when the entity recognizes any related restructuring costs.

Short-term and other long-term employee benefits

A liability is recognized for benefits accruing to employees in the period the related service is rendered.

Liabilities recognized in respect of short-term employee benefits, including wages and salaries, annual leave and sick leave, are measured at the undiscounted amount of the benefits expected to be paid in exchange for the related service.

Liabilities recognized in respect of other long-term employee benefits are measured at the present value of the estimated future cash outflows expected to be made by the Company in respect of services provided by employees up to the reporting date.

Share-based payment arrangements

Share-based payment transactions of Gogoro

Equity-settled share-based payments to employees and others providing similar services are measured at the fair value of the equity instruments at the grant date. The fair value excludes the effect of non-market-based vesting conditions.

The fair value determined at the grant date of the equity-settled share-based payments is expensed on a straight-line basis over the vesting period, based on the Company’s estimate of the number of equity instruments that will eventually vest. At each reporting date, the Company revises its estimate of the number of equity instruments expected to vest as a result of the effect of non-market-based vesting conditions. The impact of the revision of the original estimates, if any, is recognized in profit or loss such that the cumulative expense reflects the revised estimate, with a corresponding adjustment to reserves.

Equity-settled share-based payment transactions with parties other than employees are measured at the fair value of the goods or services received, except where that fair value cannot be estimated reliably, in which case they are measured at the fair value of the equity instruments granted, measured at the date the entity obtains the goods or the counterparty renders the service.

The Company recognizes stock exchange listing service received in acquiring a special purpose acquisition company as part of a share-based payment transaction, measured as the difference between the fair value of the equity instruments issued to acquire the special purpose acquisition company and the fair value of the identifiable net assets acquired.

Taxation

The income tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in profit or loss because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The Company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

A provision is recognized for those matters for which the tax determination is uncertain but it is considered probable that there will be a future outflow of funds to a tax authority. The provisions are measured at the best estimate of the amount expected to become payable. The assessment is based on the judgement of tax professionals within the Company supported by previous experience in respect of such activities and in certain cases based on specialist independent tax advice.

Deferred tax

Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the liability method. Deferred tax liabilities are generally recognized for all taxable temporary differences and deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilized. Such assets and liabilities are not recognized if the temporary difference arises from the initial recognition of other assets and liabilities in a transaction that affects neither the taxable profit nor the

accounting profit. In addition, a deferred tax liability is not recognized if the temporary difference arises from the initial recognition of goodwill.

Deferred tax liabilities are recognized for taxable temporary differences arising on investments in subsidiaries, associates and joint ventures, except where the Company is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets arising from deductible temporary differences associated with such investments are only recognized to the extent that it is probable that there will be sufficient taxable profits against which to utilize the benefits of the temporary differences and they are expected to reverse in the foreseeable future.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realized based on tax laws and rates that have been enacted or substantively enacted at the reporting date.

The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis.

Current tax and deferred tax for the year

Current and deferred tax are recognized in profit or loss, except when they relate to items that are recognized in other comprehensive income or directly in equity, in which case the current and deferred tax are also recognized in other comprehensive income or directly in equity respectively.

Loss Per Share

12 Months Ended

Dec. 31, 2023

Earnings per share [abstract]

LOSS PER SHARE


	Unit: in U.S. Dollars Per Share
	For the Year Ended December 31
	2023		2022		2021
Basic and diluted loss per share	$	(0.32)	$	(0.45)	$	(0.35)

a.Net loss


	For the Year Ended December 31
	2023		2022		2021
Net loss	$	(76,038)	$	(98,908)	$	(67,362)

b.Number of shares


	Unit: in Thousands of Shares
	For the Year Ended December 31
	2023	2022	2021
Weighted average number of ordinary shares used in calculating basic and diluted loss per share	234,803	222,000	193,334

Weighted average number of ordinary shares used in calculating basic loss per share included ordinary share and potentially preferred shares converted to ordinary shares mandatorily. The share-based payments mentioned in Note 22 and Earnout Shares, Sponsor Earn-in Shares, warrants and redeemable preferred shares mentioned in Note 13 belongs to potential ordinary shares, which were anti-dilutive for the years ended December 31, 2023, 2022 and 2021 and hence excluded from calculating diluted loss per share.

Prior period results had been retrospectively adjusted to reflect the 1:0.8752888353 share subdivision effected on the closing date. Refer to Note 17 for information in relation to share subdivision.

Equity - Share Capital (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of classes of share capital [line items]
Share capital	$ 24	$ 24
Ordinary Shares
Disclosure of classes of share capital [line items]
Par value per share (in dollars per share)	$ 0.0001
Share capital	$ 24	24
Series C Preferred Shares
Disclosure of classes of share capital [line items]
Par value per share (in dollars per share)	$ 1
Share capital	$ 0	$ 0

Income Taxes Relating to Continuing Operations - Disclosure of Reconciliation of Accounting Income (Loss) and Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Abstract]
Loss before income tax	$ (76,038)	$ (98,906)	$ (67,362)
Tax at the domestic rates applicable to profits in the country concerned	(20,321)	(21,554)	(14,913)
Tax effect of expenses that are not deductible for tax purposes	9,932	3,431	990
Unrecognized loss carryforwards and deductible temporary differences	10,389	18,125	13,923
Income tax expense	$ 0	$ 2	$ 0

- Definition

The aggregate amount included in the determination of profit (loss) for the period in respect of current tax and deferred tax. [Refer: Current tax expense (income); Deferred tax expense (income)]

+ References + Details

Investments Accounted For Using Equity Method (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of associates [abstract]

Disclosure of Associates


	As of December 31, 2023
Investments accounted for using equity method
Zypp	$	15,716
GPH	2,025
	$	17,741

Details of each Company’s associate at the end of the reporting period are as follows:


			% of Ownership
Associate	Country of Incorporation and Principal Place of Business	Principal Activities	December 31, 2023
Bycyshare Technologies Private Limited (Note i)	India	Provision of demand aggregating services and electric vehicle fleet.; provision of consumer marketplace that offers goods and services; sale of electric vehicles and related products; provision of energy services to consumers using battery swapping systems	13.44
Gogoro Philippines Inc. (Note ii)	The Philippines	Sale of electric vehicles and related products and provision of after-sale services; Provision of energy services to consumers using battery swapping systems	30.00

i.13.44% equity interest of Bycyshare Technologies Private Limited (“Zypp”) was acquired by Gogoro Network Pte. Ltd. in January 2023.

ii.Gogoro Philippines Inc. (“GPH”) was incorporated under the laws of the Philippines in June 2023. Gogoro Network Pte. Ltd. acquired 30% equity interest of GPH in the form of capital injection in September 2023.

Financial Information of Associates

Summarized financial information in respect of each of the Company’s associate is set out below. The summarized financial information represented amounts in the associates’ financial statements prepared in accordance with IFRSs adjusted by the Company for equity accounting purposes.


	As of December 31, 2023
	Zypp		GPH
Current assets	$	12,974	$	6,502
Non-current assets	8,489		2,142
Current liabilities	(1,142)		(1,406)
Non-current liabilities	(7,065)		(88)
Equity	13,256		7,150


	For the Year Ended December 31, 2023
	Zypp	GPH
Revenue	30,881	71

Loss for the year and total comprehensive loss for the year	(5,582)	(1,436)

Disclosure of reconciliation of summarised financial information of associate accounted for using equity method to carrying amount of interest in associate

Reconciliation of the summarized financial information to the carrying amount of the interests in Zypp and GPH recognized in the consolidated financial statements:


	As of December 31, 2023
	Zypp			GPH
Net assets	$	13,256		$	7,150

The Company’s share in %	13.44		%	30.00		%

The Company’s share of net assets	1,782			2,145
Trade name	5,196			—
Goodwill	8,738			—
Elimination of the Company's share in the investee's gains or losses resulting from downstream transactions	—			(120)
Carrying amount	$	15,716		$	2,025

Net Loss From Continuing Operations - Finance Costs (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Income (Loss) From Continuing Operations [Abstract]
Interest expense on bank loans		$ 11,343	$ 8,694	$ 6,672
Interest expense on lease liabilities		567	440	530
Interest expense on provisions for restoration		15	0	0
Interest expense on bonds		0	2,637	3,886
Modification loss on bank loans	$ 900	0	900	0
Finance costs		$ 11,925	$ 12,671	$ 11,088

Investments Accounted For Using Equity Method - Reconciliation of Summarized Financial Information to Carrying Amount of Interests (Details) - Gogoro Network Pte. Ltd. $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Disclosure of Associates [Line Items]
Carrying amount	$ 17,741
Zypp
Disclosure of Associates [Line Items]
Net assets	$ 13,256
The Company’s share in %	13.44%
The Company’s share of net assets	$ 1,782
Trade name	5,196
Goodwill	8,738
Elimination of the Company's share in the investee's gains or losses resulting from downstream transactions	0
Carrying amount	15,716
GPH
Disclosure of Associates [Line Items]
Net assets	$ 7,150
The Company’s share in %	30.00%
The Company’s share of net assets	$ 2,145
Trade name	0
Goodwill	0
Elimination of the Company's share in the investee's gains or losses resulting from downstream transactions	(120)
Carrying amount	$ 2,025

Financial Instruments - Change in Liabilities from Financing Activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Balance at January 1	$ 450,847	$ 569,948	$ 487,470
Financing Cash Flows	15,151	(140,569)	61,764
Non-cash Recognition	0	253,174	0
Changes in Fair Values	(16,117)	(205,938)	7,465
Other Changes	21,755	13,596	8,233
Exchange Differences on Translation	720	(39,364)	5,016
Balance at December 31	472,356	450,847	569,948
Bank loans
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Balance at January 1	381,174	334,317	248,617
Financing Cash Flows	27,848	82,725	81,099
Non-cash Recognition	0	0	0
Changes in Fair Values	0	0	0
Other Changes	(20)	900	0
Exchange Differences on Translation	1,169	(36,768)	4,601
Balance at December 31	410,171	381,174	334,317
Bonds
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Balance at January 1	0	100,000	100,000
Financing Cash Flows		(102,594)	0
Non-cash Recognition		0	0
Changes in Fair Values		0	0
Other Changes		2,594	0
Exchange Differences on Translation		0	0
Balance at December 31		0	100,000
Redeemable preferred shares
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Balance at January 1	0	107,862	107,397
Financing Cash Flows		(108,149)	(7,000)
Non-cash Recognition		0	0
Changes in Fair Values		287	7,465
Other Changes		0	0
Exchange Differences on Translation		0	0
Balance at December 31		0	107,862
Earnout liabilities
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Balance at January 1	24,147	0
Financing Cash Flows	0	0
Non-cash Recognition	0	134,423
Changes in Fair Values	(7,767)	(110,276)
Other Changes	0	0
Exchange Differences on Translation	0	0
Balance at December 31	16,380	24,147	0
Earn-in liabilities
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Balance at January 1	13,384	0
Financing Cash Flows	0	0
Non-cash Recognition	0	74,508
Changes in Fair Values	(4,305)	(61,124)
Other Changes	0	0
Exchange Differences on Translation	0	0
Balance at December 31	9,079	13,384	0
Warrant liabilities
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Balance at January 1	9,418	0
Financing Cash Flows	0	0
Non-cash Recognition	0	44,243
Changes in Fair Values	(4,045)	(34,825)
Other Changes	0	0
Exchange Differences on Translation	0	0
Balance at December 31	5,373	9,418	0
Lease liabilities
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Balance at January 1	21,473	26,742	30,342
Financing Cash Flows	(12,635)	(12,886)	(12,232)
Non-cash Recognition	0	0	0
Changes in Fair Values	0	0	0
Other Changes	21,775	10,102	8,233
Exchange Differences on Translation	(475)	(2,485)	399
Balance at December 31	30,138	21,473	26,742
Guarantee deposits received
Disclosure of reconciliation of liabilities arising from financing activities [line items]
Balance at January 1	1,251	1,027	1,114
Financing Cash Flows	(62)	335	(103)
Non-cash Recognition	0	0	0
Changes in Fair Values	0	0	0
Other Changes	0	0	0
Exchange Differences on Translation	26	(111)	16
Balance at December 31	$ 1,215	$ 1,251	$ 1,027

Financial Instruments - Bank Credit Limit (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure Of Financial Instrument [Abstract]
Amount used	$ 470,496	$ 401,500
Undrawn borrowing facilities	53,636	126,667
Notional amount	$ 524,132	$ 528,167

Equity - Shares Rollforward (Details) - shares shares in Thousands		12 Months Ended
	Apr. 04, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share Capital [Roll Forward]
Issuance of ordinary shares in relation to the PIPE Agreements (in shares)	29,482
Ordinary Shares
Share Capital [Roll Forward]
Number of shares as of January 1 (in shares)		244,211	126,100	126,100
Issuance of ordinary shares in relation to the Merger Agreement (in shares)		0	88,643	0
Issuance of ordinary shares in relation to the PIPE Agreements (in shares)		0	29,482	0
Reacquisition of restricted shares due to forfeiture (in shares)		(261)	(274)	0
Issuance of ordinary shares in relation to exercise of share options (in shares)		0	1	0
Issuance of ordinary shares in relation to vesting of restricted stock units (in shares)		1,771	259	0
Number of shares as of December 31 (in shares)		245,721	244,211	126,100
Series C Preferred Shares
Share Capital [Roll Forward]
Number of shares as of January 1 (in shares)		0	75,025	75,025
Repurchase of Series C preferred shares		0	(75,025)	0
Number of shares as of December 31 (in shares)	75,025	0	0	75,025

Financial Liabilities at Fair Value Through Profit or Loss - Narrative (Details) $ / shares in Units, $ in Thousands					1 Months Ended
	Apr. 04, 2022 d $ / shares shares	Jul. 31, 2020	Jul. 31, 2020 USD ($) shares	Jul. 21, 2020 $ / shares shares	Jan. 31, 2022 USD ($)	Dec. 31, 2023 shares	Dec. 31, 2022 shares
Disclosure of financial liabilities [line items]
Exercise price of outstanding warrants (in dollars per share)	$ 11.50
Warrant, term	5 years
Number of redeemable preferred shares issued in the period (in shares) \| shares			20,000,000	22,000,000
Redeemable preferred share, par value (usd per share)				$ 1.00
Redeemable preferred shares, price per share (usd per share)				$ 5.00
Proceeds from issuance of redeemable preferred shares \| $			$ 100,000
Redeemable preferred shares, non-cumulative dividend rate		0.07
Redeemable preferred stock, redemption amount \| $					$ 108,149
Redeemable preferred stock, dividend amount \| $					$ 2,094
Private Placement Warrants
Disclosure of financial liabilities [line items]
Number of warrants (in shares) \| shares	9,400,000
Public Warrants
Disclosure of financial liabilities [line items]
Number of warrants (in shares) \| shares	17,250,000
Earnout liabilities
Disclosure of financial liabilities [line items]
Sponsor contingent shares issued (in shares) \| shares	12,000,000
Threshold trading days \| d	20
Trading day period \| d	30
Contingent shares earned (in shares) \| shares						0	0
Earnout liabilities \| Tranche One
Disclosure of financial liabilities [line items]
Earnout percentage	33.30%
Target share price (in dollars per share)	$ 15.00
Earnout liabilities \| Tranche Two
Disclosure of financial liabilities [line items]
Earnout percentage	33.30%
Target share price (in dollars per share)	$ 17.50
Earnout liabilities \| Tranche Three
Disclosure of financial liabilities [line items]
Earnout percentage	33.30%
Target share price (in dollars per share)	$ 20.00
Earn-in liabilities
Disclosure of financial liabilities [line items]
Sponsor contingent shares issued (in shares) \| shares	6,393,750
Threshold trading days \| d	20
Trading day period \| d	30
Contingent shares earned (in shares) \| shares						0	0
Earn-in liabilities \| Tranche One
Disclosure of financial liabilities [line items]
Earnout percentage	33.30%
Target share price (in dollars per share)	$ 15.00
Earn-in liabilities \| Tranche Two
Disclosure of financial liabilities [line items]
Earnout percentage	33.30%
Target share price (in dollars per share)	$ 17.50
Earn-in liabilities \| Tranche Three
Disclosure of financial liabilities [line items]
Earnout percentage	33.30%
Target share price (in dollars per share)	$ 20.00

Share-Based Payment Arrangements - Information on Employee Share Options (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares $ / shares
Options (in Thousands)
Beginning balance (in shares) \| shares	4,848	0
Options granted (in shares) \| shares	6,430	4,874
Options forfeited (in shares) \| shares	(74)	(25)
Options exercised (in shares) \| shares	0	(1)
Options expired (in shares) \| shares	(35)	0
Ending balance (in shares) \| shares	11,169	4,848
Options exercisable, end of year (in shares) \| shares	4,457	1,217
Weighted Average Exercise Price
Beginning balance (in dollars per share) \| $ / shares	$ 5.20	$ 0
Options granted (in dollars per share) \| $ / shares	3.01	5.20
Options forfeited (in dollars per share) \| $ / shares	4.78	5.20
Options exercised (in dollars per share) \| $ / shares	0	5.20
Options expired (in dollars per share) \| $ / shares	5.20	0
Ending balance (in dollars per share) \| $ / shares	3.94	5.20
Options exercisable, end of year (in dollars per share) \| $ / shares	$ 4.18	$ 5.20

Operating Revenue

12 Months Ended

Dec. 31, 2023

Disclosure of disaggregation of revenue from contracts with customers [abstract]

OPERATING REVENUE

OPERATING REVENUES

The Company derived its revenues from contracts with customers for the following products and services:

a.Disaggregation of revenues


	For the Year Ended December 31,
	2023		2022		2021
Products and services

Sales of hardware and related revenue	$	194,018	$	241,428	$	248,137
Battery swapping service revenue	131,785		121,660		99,587
Leasing service revenue	13,253		10,653		10,304
Other revenue	10,790		9,085		7,981
	$	349,846	$	382,826	$	366,009

b.Contract balances


	As of December 31,				As of January 1,
	2023		2022		2022
Trade receivables (Note 6)	$	17,135	$	16,143	$	16,625
Contract liabilities
Sales of hardware and battery swapping service revenues	$	11,606	$	12,965	$	18,753

The Company recognized revenues from contract liabilities as of January 1, 2023, 2022 and 2021 amounting to $11,376 thousand, $10,476 thousand and $12,893 thousand for the years ended December 31, 2023, 2022 and 2021, respectively.

Property, Plant and Equipment - Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	$ 442,969	$ 453,383
Additions	149,293	117,896	$ 128,230
Ending balance	501,876	442,969	453,383
Write-downs of property, plant and equipment	1,387	0	0
Cost
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	755,838	720,425	587,912
Additions	149,293	117,896	128,230
Disposals	22,565	7,923	9,484
Transfers from inventories			766
Reclassifications	0	0	0
Exchange differences on translation	2,850	(74,560)	13,001
Ending balance	885,416	755,838	720,425
Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	(312,869)	(267,042)	(187,980)
Additions	84,785	81,040	81,489
Disposals	(17,865)	(6,530)	(6,081)
Exchange differences on translation	2,364	(28,683)	3,654
Ending balance	(382,153)	(312,869)	(267,042)
Accumulated impairment
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	(1,387)
Batteries
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	359,873	355,531
Ending balance	380,273	359,873	355,531
Batteries \| Costs of revenues
Reconciliation of changes in property, plant and equipment [abstract]
Losses on disposals of property, plant and equipment	1,642
Batteries \| Other
Reconciliation of changes in property, plant and equipment [abstract]
Losses on disposals of property, plant and equipment	2,586
Batteries \| Cost
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	530,113	492,968	397,452
Additions	78,511	90,086	88,689
Disposals	9,365	1,580	158
Transfers from inventories			0
Reclassifications	204	0	0
Exchange differences on translation	3,423	(51,361)	6,985
Ending balance	602,886	530,113	492,968
Batteries \| Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	(170,240)	(137,437)	(89,163)
Additions	54,361	48,453	46,514
Disposals	(5,031)	(638)	(67)
Exchange differences on translation	3,043	(15,012)	1,827
Ending balance	(222,613)	(170,240)	(137,437)
Batteries \| Accumulated impairment
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	0
Undeployed battery packs and related battery cells \| Cost
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	37,400
Ending balance		37,400
Machinery equipment
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	64,675	75,576
Ending balance	63,083	64,675	75,576
Write-downs of property, plant and equipment	1,387
Machinery equipment \| Cost
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	131,541	134,426	108,106
Additions	18,369	15,074	27,856
Disposals	10,436	4,275	5,806
Transfers from inventories			0
Reclassifications	190	0	49
Exchange differences on translation	(833)	(13,684)	4,221
Ending balance	138,831	131,541	134,426
Machinery equipment \| Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	(66,866)	(58,850)	(43,217)
Additions	18,635	18,509	18,060
Disposals	(10,398)	(4,250)	(3,248)
Exchange differences on translation	(709)	(6,243)	821
Ending balance	(74,394)	(66,866)	(58,850)
Machinery equipment \| Accumulated impairment
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	(1,354)
Transportation equipment
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	3,651	6,103
Ending balance	1,479	3,651	6,103
Transportation equipment \| Cost
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	11,292	11,819	10,838
Additions	197	850	457
Disposals	219	153	417
Transfers from inventories			766
Reclassifications	281	0	0
Exchange differences on translation	9	(1,224)	175
Ending balance	11,560	11,292	11,819
Transportation equipment \| Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	(7,641)	(5,716)	(3,143)
Additions	2,560	2,700	2,809
Disposals	(52)	(95)	(303)
Exchange differences on translation	(68)	(680)	67
Ending balance	(10,081)	(7,641)	(5,716)
Transportation equipment \| Accumulated impairment
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	0
Tooling equipment
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	3,373	3,279
Ending balance	3,394	3,373	3,279
Tooling equipment \| Cost
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	40,934	40,176	35,630
Additions	3,699	4,871	4,781
Disposals	1,273	0	829
Transfers from inventories			0
Reclassifications	0	0	0
Exchange differences on translation	32	(4,113)	594
Ending balance	43,392	40,934	40,176
Tooling equipment \| Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	(37,561)	(36,897)	(31,419)
Additions	3,676	4,440	5,748
Disposals	(1,268)	0	(813)
Exchange differences on translation	29	(3,776)	543
Ending balance	(39,998)	(37,561)	(36,897)
Tooling equipment \| Accumulated impairment
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	0
Office equipment
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	490	479
Ending balance	750	490	479
Office equipment \| Cost
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	2,796	2,821	2,552
Additions	561	279	241
Disposals	96	59	166
Transfers from inventories			0
Reclassifications	0	41	2
Exchange differences on translation	5	(286)	192
Ending balance	3,266	2,796	2,821
Office equipment \| Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	(2,306)	(2,342)	(1,869)
Additions	270	260	454
Disposals	(96)	(59)	(15)
Exchange differences on translation	3	(237)	34
Ending balance	(2,483)	(2,306)	(2,342)
Office equipment \| Accumulated impairment
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	(33)
Leasehold improvements
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	8,701	12,341
Ending balance	6,672	8,701	12,341
Leasehold improvements \| Cost
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	36,956	38,141	32,657
Additions	2,524	25	4,208
Disposals	1,091	1,586	2,090
Transfers from inventories			0
Reclassifications	828	4,253	2,536
Exchange differences on translation	39	(3,877)	830
Ending balance	39,256	36,956	38,141
Leasehold improvements \| Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	(28,255)	(25,800)	(19,169)
Additions	5,283	6,678	7,904
Disposals	(1,020)	(1,488)	(1,635)
Exchange differences on translation	66	(2,735)	362
Ending balance	(32,584)	(28,255)	(25,800)
Leasehold improvements \| Accumulated impairment
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	0
Construction in progress
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	2,206	74
Ending balance	46,225	2,206	74
Construction in progress \| Cost
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	2,206	74	677
Additions	45,432	6,711	1,998
Disposals	85	270	18
Transfers from inventories			0
Reclassifications	(1,503)	(4,294)	(2,587)
Exchange differences on translation	175	(15)	4
Ending balance	46,225	2,206	74
Construction in progress \| Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Beginning balance	0	0	0
Additions	0	0	0
Disposals	0	0	0
Exchange differences on translation	0	0	0
Ending balance	0	$ 0	$ 0
Construction in progress \| Accumulated impairment
Reconciliation of changes in property, plant and equipment [abstract]
Ending balance	$ 0

Income Taxes Relating to Continuing Operations - Disclosure Of Major Components Of Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Abstract]
Current tax expense	$ 0	$ 2	$ 0

Merger Transaction

12 Months Ended

Dec. 31, 2023

Business combinations Abstract [Abstract]

MERGER TRANSACTION

On September 16, 2021, Poema Global Holdings Corp., an exempted company incorporated with limited liability under the laws of Cayman Islands (“Poema”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Gogoro, Starship Merger Sub I Limited, an exempted company incorporated with limited liability under the laws of Cayman Islands and a wholly-owned subsidiary of Gogoro (“Merger Sub”) and Starship Merger Sub II Limited, an exempted company incorporated with limited liability under the laws of Cayman Islands and a wholly-owned subsidiary of Gogoro (“Merger Sub II”), pursuant to which, among other transactions, on the terms and subject to the conditions set forth therein, (i) Merger Sub will merge with and into Poema (the “First Merger”), with Poema surviving the First Merger as a wholly owned subsidiary of Gogoro, and (ii) Poema will merge with and into Merger Sub II (the “Second Merger” and together with the First Merger, collectively, the “Mergers”), with Merger Sub II surviving the Second Merger as a wholly-owned subsidiary of Gogoro. The Mergers were completed on April 4, 2022 (the “Closing Date”).

Pursuant to the Merger Agreement, each outstanding ordinary share of Poema was converted into one ordinary share of Gogoro on the Closing Date. This resulted in the issuance of 13,618,735 ordinary shares of Gogoro, including 6,393,750 Sponsor Earn-in Shares as disclosed in Note 13, after redemption by shareholders of Poema. Gogoro has been identified as the accounting acquirer and Poema has been identified as the accounting acquiree. The issuance of ordinary shares of Gogoro was regarded as consideration to acquire the net assets of Poema. The rights to Sponsor Earn-in Shares were accounted for as a contingent consideration measured at fair value as of the Closing Date. The remaining ordinary shares of Gogoro were accounted for as a share-based payment transaction measured at the market price of publicly traded ordinary shares of Poema on the Closing Date. As part of the Mergers, the difference between the fair value of consideration and the value of net assets of Poema represented compensation for the stock exchange listing service and was accounted for as a listing expense in the consolidated statements of comprehensive income. A reconciliation of the listing expense is as follows:


	Merger Transaction in 2022
Consideration
Fair value of ordinary shares of Gogoro, excluding Sponsor Earn-in Shares, as of the Closing Date	$	92,047
Fair value of contingent consideration as of the Closing Date (Note 13)	74,508
	166,555
Less: Net liabilities of Poema as of the Closing Date
Cash and cash equivalents	32,145
Other assets	270
Warrant liabilities	(44,242)
Other liabilities	(422)
	(12,249)

Listing expense	$	178,804

Property, Plant and Equipment - Carrying Amounts (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	$ 501,876	$ 442,969	$ 453,383
Batteries
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	380,273	359,873	355,531
Machinery equipment
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	63,083	64,675	75,576
Transportation equipment
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	1,479	3,651	6,103
Tooling equipment
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	3,394	3,373	3,279
Office equipment
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	750	490	479
Leasehold improvements
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	6,672	8,701	12,341
Construction in progress
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	$ 46,225	$ 2,206	$ 74

Trade Receivables (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure Of Financial Instrument [Abstract]

Summary of Trade Receivables, Net


	As of December 31,
	2023		2022
At amortized cost
Trade receivables	$	18,650	$	17,225
Accumulated impairment losses	(1,515)		(1,082)
	$	17,135	$	16,143

Summary of Estimated Expected Credit Losses Based on Past Due Days

Trade receivables of battery swapping service


	As of December 31, 2023
	Not Overdue		Overdue under 30 Days		Overdue 31-120 Days		Over 121 Days		Total
Expected credit loss rate	0%		0%		50%		100%
Gross carrying amount	$	11,705	$	95	$	98	$	1,339	$	13,237
Impairment losses (Lifetime ECL)	—		—		(49)		(1,339)		(1,388)
Amortized cost	$	11,705	$	95	$	49	$	—	$	11,849


	As of December 31, 2022
	Not Overdue		Overdue under 30 Days		Overdue 31-120 Days		Over 121 Days		Total
Expected credit loss rate	0%		0%		50%		100%
Gross carrying amount	$	12,095	$	118	$	78	$	900	$	13,191
Impairment losses (Lifetime ECL)	—		—		(39)		(900)		(939)
Amortized cost	$	12,095	$	118	$	39	$	—	$	12,252

Trade receivables other than battery swapping service


	As of December 31, 2023
	0-90 Days		91-180 Days		181-365 Days		Over 365 Days		Total
Expected credit loss rate	0%		30%		50%		100%
Gross carrying amount	$	5,102	$	216	$	66	$	29	$	5,413
Impairment losses (Lifetime ECL)	—		(65)		(33)		(29)		(127)
Amortized cost	$	5,102	$	151	$	33	$	—	$	5,286


	As of December 31, 2022
	0-90 Days		91-180 Days		181-365 Days		Over 365 Days		Total
Expected credit loss rate	0%		30%		50%		100%
Gross carrying amount	$	3,816	$	97	$	12	$	109	$	4,034
Impairment losses (Lifetime ECL)	—		(28)		(6)		(109)		(143)
Amortized cost	$	3,816	$	69	$	6	$	—	$	3,891

Summary of the Loss Allowance of Trade Receivables

The movements of the accumulated impairment losses of trade receivables were as follows:


	For the Year Ended December 31,
	2023		2022		2021
Balance as of January 1	$	1,082	$	1,416	$	904
Amount recognized in profit or loss	491		523		519
Write-off	(64)		(726)		(26)
Exchange differences on translation	6		(131)		19
Balance as of December 31	$	1,515	$	1,082	$	1,416

Provisions - Disclosure of Product Warranty (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]
Provisions for product warranty and others	$ 6,506	$ 8,050
Current	4,174	4,812
Non-current	2,332	3,238
Other provisions	$ 6,506	$ 8,050	$ 15,630	$ 17,562

Income Taxes Relating to Continuing Operations (Tables)

12 Months Ended

Dec. 31, 2023

Income Taxes [Abstract]

Disclosure Of Major Components Of Tax Expense (Benefit)


	For the Year Ended December 31
	2023		2022		2021
Current tax expense
Current year	$	—	$	2	$	—

Disclosure of Reconciliation of Accounting Income (Loss) and Income Tax Expense (Benefit)

A reconciliation of accounting loss and income tax expense was as follows:


	For the Year Ended December 31,
	2023		2022		2021
Loss before income tax	$	(76,038)	$	(98,906)	$	(67,362)
Tax at the domestic rates applicable to profits in the country concerned	$	(20,321)	$	(21,554)	$	(14,913)
Tax effect of expenses that are not deductible for tax purposes	9,932		3,431		990
Unrecognized loss carryforwards and deductible temporary differences	10,389		18,125		13,923
Income tax expense	$	—	$	2	$	—

Disclosure of Deductible Temporary Differences and Unused Loss Carryforwards

Deductible temporary differences and unused loss carryforwards for which no deferred tax assets have been recognized in the consolidated balance sheets were as follows:


	As of December 31
	2023		2022
Loss carryforwards
Expire in 2024	$	829	$	829
Expire in 2025	9,868		35,217
Expire in 2026	44,518		66,761
Expire in 2027	38,979		38,973
Expire in 2028	68,604		68,337
Expire in 2029	22,022		22,018
Expire in 2030	33,008		32,685
Expire in 2031	42,150		39,908
Expire in 2032	47,887		47,617
Expire in 2033	62,539		—
	$	370,404	$	352,345

Deductible temporary differences	$	39,682	$	99,069

Borrowings (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure Of Financial Instrument [Abstract]

Summary of detailed information about borrowings


	As of December 31,
	2023		2022
Bank loans - Syndicated loans (Note a)	$	309,425	$	221,405
Bank loans - Loans for batteries (Note b)	85,276		111,611
Bank loans - Loans for procurement and operating capital	15,470		48,158
Bonds (Note c)	—		—
	$	410,171	$	381,174

Current	75,590		87,982
Non-current	334,581		293,192
	$	410,171	$	381,174

Interest rates
Bank loans - Syndicated loans	3.21%-3.26%		2.74%-2.93%
Bank loans - Loans for batteries	3.25%		2.94%
Bank loans - Loans for procurement and operating capital	2.05%-2.30%		1.70%-2.29%

Bank loans - Syndicated loans


	As of December 31,
	2023		2022
Syndicated loans	$	309,425	$	221,405

Current	$	27,552	$	13,774
Non-current	281,873		207,631
	$	309,425	$	221,405

Bank loans - Loans for batteries


	As of December 31,
	2023		2022
Loans for batteries	$	85,276	$	111,611

Current	$	32,568	$	26,050
Non-current	52,708		85,561
	$	85,276	$	111,611

In July 2018, Gogoro issued unsecured bonds with an notional amount of $100,000 thousand. The major terms of the unsecured bonds were as follows:


Maturity Date	Interest Rate	Payments
July 2022	1st year: 300bps + 90-day Libor rate. 2nd year and 3rd year: 350bps + 90-day Libor rate. 4th year: 400bps + 90-day Libor rate.	Redemption of notional amount: Maturity date Interest payment: Quarterly

Bank credit limit


	As of December 31,
	2023		2022
Unsecured bank general credit limit
Amount used*	$	470,496	$	401,500
Amount unused	53,636		126,667
	$	524,132	$	528,167

*The calculation of amount used was based on the initial drawdown of the bank loans, and would not be affected before the Company repaid the full amount of the bank loans. The amount used included guarantees for customs duties and government grants.

Net Loss From Continuing Operations (Tables)

12 Months Ended

Dec. 31, 2023

Net Income (Loss) From Continuing Operations [Abstract]

Components of Net Loss From Continuing Operations

a.Employee benefits expenses


	For the Year Ended December 31
	2023		2022		2021
Short-term employee benefits	$	64,761	$	69,806	$	70,205
Defined contribution plans	2,719		3,064		2,982
Termination benefits	94		2,546		86
Share-based payments	26,324		37,907		5,038
	$	93,898	$	113,323	$	78,311

An analysis of employee benefits expenses by function
Costs of revenues	$	26,418	$	29,668	$	24,417
Operating expenses
Sales and marketing	15,532		21,580		17,457
General and administrative	23,816		27,684		13,908
Research and development	28,132		34,391		22,529
	$	93,898	$	113,323	$	78,311

b.Depreciation and amortization expenses


	For the Year Ended December 31
	2023		2022		2021
Depreciation expenses of property, plant and equipment	$	84,785	$	81,040	$	81,489
Depreciation expenses of right-of-use assets	13,013		12,835		12,287
Amortization expenses of intangible assets	579		932		1,043
	$	98,377	$	94,807	$	94,819

An analysis of depreciation expenses by function
Costs of revenues	$	88,542	$	85,147	$	84,878
Operating expenses
Sales and marketing	3,409		3,076		2,863
General and administrative	4,518		4,339		4,606
Research and development	1,329		1,313		1,429
	$	97,798	$	93,875	$	93,776

An analysis of amortization expenses by function
Costs of revenues	$	62	$	73	$	94
Operating expenses
Sales and marketing	160		183		158
General and administrative	85		187		280
Research and development	272		489		511
	$	579	$	932	$	1,043

c.Impairment losses (reversal of impairment losses)


	For the Year Ended December 31
	2023		2022		2021
Impairment losses on property, plant and equipment	$	1,387	$	—	$	—
Impairment losses (reversal of impairment losses) on inventories	2,460		3,045		(639)
Impairment losses on trade receivables	491		523		519
	$	4,338	$	3,568	$	(120)

An analysis of impairment losses (reversal of impairment losses) by function
Costs of revenues	$	2,460	$	3,045	$	(639)
Operating expenses
Sales and marketing	491		523		519
Other	1,387		—		—
	$	4,338	$	3,568	$	(120)

d.Finance costs


	For the Year Ended December 31
	2023		2022		2021
Interest expense on bank loans	$	11,343	$	8,694	$	6,672
Interest expense on lease liabilities	567		440		530
Interest expense on provisions for restoration	15		—		—
Interest expense on bonds	—		2,637		3,886
Modification loss on bank loans	—		900		—
	$	11,925	$	12,671	$	11,088

e.Finance income


	For the Year Ended December 31
	2023		2022		2021
Interest income on deposits	$	2,847	$	2,870	$	572
Others	99		72		53
	$	2,946	$	2,942	$	625

f.Other income


	For the Year Ended December 31
	2023		2022		2021
Income related to government grants	$	6,422	$	5,682	$	5,446
Others	949		709		4,065
	$	7,371	$	6,391	$	9,511

g.Other losses, net


	For the Year Ended December 31
	2023		2022		2021
Foreign exchange losses, net	$	(346)	$	(1,719)	$	(641)
Others	(607)		(1,458)		(986)
	$	(953)	$	(3,177)	$	(1,627)

h.Gains (losses) on financial liabilities at FVTPL


	For the Year Ended December 31
	2023		2022		2021
Gains on earnout liabilities	$	7,767	$	110,276	$	—
Gains on earn-in liabilities	4,305		61,124		—
Gains on warrant liabilities	4,045		34,825		—
Losses on redeemable preferred shares	—		(287)		(7,465)
	$	16,117	$	205,938	$	(7,465)

Equity

12 Months Ended

Dec. 31, 2023

Equity [abstract]

EQUITY

a.Share capital


	As of December 31,
	2023		2022
Ordinary shares, $0.0001 par value (Note i)	$	24	$	24
Series C preferred shares, $1 par value (Note ii)	—		—
	$	24	$	24

i.Ordinary shares


	Unit: in Thousands of Shares
	As of December 31,
	2023	2022
Ordinary shares

Number of shares authorized	450,000	450,000
Number of shares issued and fully paid	245,721	244,211

The movements of the number of ordinary shares issued and fully paid were as follows:


	Unit: in Thousands of Shares
	For the Year Ended December 31,
	2023	2022	2021
Number of shares as of January 1	244,211	126,100	126,100
Issuance of ordinary shares in relation to the Merger Agreement	—	88,643	—
Issuance of ordinary shares in relation to the PIPE Agreements	—	29,482	—
Reacquisition of restricted shares due to forfeiture	(261)	(274)	—
Issuance of ordinary shares in relation to exercise of share options	—	1	—
Issuance of ordinary shares in relation to vesting of restricted stock units	1,771	259	—
Number of shares as of December 31	245,721	244,211	126,100

Each ordinary share carries one vote and the right for dividends.

Pursuant to the Merger Agreement, immediately prior to the consummation of the Merger, Gogoro effected a recapitalization, whereby each of ordinary shares of Gogoro that were issued and outstanding was subdivided into 0.8752888353 ordinary shares of Gogoro, such that each ordinary share of Gogoro will have a value of $10.00 per share after giving effect to such share subdivision. All ordinary shares, preferred shares and restricted shares were adjusted retroactively for all periods presented in these consolidated financial statements.

Pursuant to the Merger Agreement, each outstanding ordinary share of Poema, after redemption by shareholders of Poema, was converted into one ordinary share of Gogoro on the Closing Date. This resulted in the issuance of 13,618,735 ordinary shares of Gogoro, including 6,393,750 Sponsor Earn-in Shares. As of December 31, 2023 and 2022, no Sponsor Earn-in Shares were vested. Refer to Note 13 for information in relation to Sponsor Earn-in Shares.

Concurrently with the execution of the Merger Agreement, certain investors entered into certain share subscription agreements (each, a “PIPE Agreement”) pursuant to which the investors had committed to subscribe for and purchase 29,482,000 ordinary shares of Gogoro at $10.00 per share for an aggregate purchase price of $294,820 thousand (the “PIPE Investments”). The amount was received on the Closing Date.

ii.Series C preferred shares


	Unit: in Thousands of Shares
	As of December 31,
	2023	2022
Series C preferred shares

Number of shares authorized	—	—
Number of shares issued and fully paid	—	—

The movements of the number of preferred shares issued and fully paid were as follows:


	Unit: in Thousands of Shares
	For the Year Ended December 31,
	2023	2022	2021
Number of shares as of January 1	—	75,025	75,025
Repurchase of Series C preferred shares	—	(75,025)	—
Number of shares as of December 31	—	—	75,025

In 2017, Gogoro issued 85,714 thousand series C preferred shares (adjusted to 75,025 thousand series C preferred shares to reflect the 1:0.8752888353 share subdivision effected on the Closing Date) at an issuance price of $3.50 per share. The major features of series C preferred shares are summarized as follows:

1)The series C preferred shares will have a liquidation preference per share equal to the per share subscription price of such series C preferred shares in preference over the ordinary shares of Gogoro.

2)Each series C preferred share is entitled to the same dividends distributable to each ordinary share as may be declared from time to time by board of directors of Gogoro.

3)The series C preferred shares will convert into ordinary shares on a one to one basis upon the earlier of: (i) at any time immediately before the issuance of any class of shares of Gogoro with rights ranking prior to the series C preferred shares; (ii) Gogoro’s submission of an application with Taipei Exchange for listing on the Emerging Stock Board, or (iii) Gogoro’s submission of a listing application in connection with the IPO to either the Taiwanese Stock Exchange Main Board, Hong Kong Stock Exchange Main Board, Nasdaq or NYSE in connection with its IPO. Prior to an IPO, if Gogoro issues any equity-linked securities for a price per share less than $3.50 per share other than ordinary shares issued in accordance with equity incentive award plans, the series C preferred shares shall be subject to broad-based weighted average anti-dilution protection.

4)Each series C preferred share will have a number of votes equal to the number of ordinary shares into which such series C preferred share is then convertible. The holders of ordinary shares will have one vote per share and will vote together with the ordinary shares, as a single class.

On the Closing Date, immediately prior to the consummation of any of the transactions contemplated by the PIPE Agreements, Gogoro repurchased each series C preferred share that was issued and outstanding for consideration in an amount equal to the initial subscription price for such series C preferred shares. Immediately upon receipt of such consideration, each holder of a series C preferred share applied such amount to the subscription for one ordinary share of Gogoro.

b.Reserves


	As of December 31,
	2023		2022
Capital surplus - Issuance of ordinary shares	$	599,077	$	598,317
Capital surplus - Expired share options	2,209		2,209
Capital surplus - Employee restricted shares (Note 22)	52,260		37,126
Capital surplus - Employee share options (Note 22)	16,366		5,818
Accumulated deficits	(425,978)		(349,940)
Other equity	4,729		5,420
	$	248,663	$	298,950

Retained earnings and dividend policy

1)Subject to any rights and restrictions for the time being attached to any shares, or as otherwise provided for in the Companies Act and the Articles of Association of Gogoro, the board of directors of Gogoro may from time to time

declare dividends (including interim dividends) and other distributions on shares of Gogoro in issue and authorize payment of the same out of the funds of Gogoro lawfully available therefor.

2)Subject to any rights and restrictions for the time being attached to any shares, Gogoro by ordinary resolution may declare dividends, but no dividend shall exceed the amount recommended by the board of directors of Gogoro.

3)The board of directors may determine, before recommending or declaring any dividend, to set aside out of the funds legally available for distribution such sums as they think proper as a reserve or reserves which shall be applicable for meeting contingencies, or for equalizing dividends or for any other purpose to which those funds may be properly applied and pending such application may, at the determination of the board of directors of Gogoro, either be deployed in business of Gogoro or be invested in such investments as the board of directors of Gogoro may from time to time think fit.

Financial Instruments - Fair Value Inputs (Details) - Volatility - Recurring fair value measurement $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Private Placement Warrants
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items]
Significant unobservable input, liabilities	0.635	0.560
Percentage of reasonably possible increase in unobservable input, liabilities	10.00%	10.00%
Percentage of reasonably possible decrease in unobservable input, liabilities	10.00%	10.00%
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, liabilities	$ 741	$ 798
Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, liabilities	$ (765)	$ (1,179)
Earnout liabilities
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items]
Significant unobservable input, liabilities	0.842	0.782
Percentage of reasonably possible increase in unobservable input, liabilities	10.00%	10.00%
Percentage of reasonably possible decrease in unobservable input, liabilities	10.00%	10.00%
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, liabilities	$ 2,807	$ 2,961
Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, liabilities	$ (3,307)	$ (3,883)
Earn-in liabilities
Disclosure of significant unobservable inputs used in fair value measurement of liabilities [line items]
Significant unobservable input, liabilities	0.842	0.782
Percentage of reasonably possible increase in unobservable input, liabilities	10.00%	10.00%
Percentage of reasonably possible decrease in unobservable input, liabilities	10.00%	10.00%
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, liabilities	$ 1,556	$ 1,641
Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, liabilities	$ (1,833)	$ (2,153)

Lease Arrangements - Other Lease Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Presentation of leases for lessee [abstract]
Expenses relating to short-term leases and low-value asset leases	$ 2,800	$ 1,537	$ 1,263
Cash inflow for leases	$ (16,002)
Total cash outflows for leases		$ (14,863)	$ (14,025)

Cash and Cash Equivalents - Disclosure of Cash and Cash Equivalents and Interest Rates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Line Items]
Cash on hand	$ 194	$ 192
Checking accounts and demand deposits	46,305	54,696
Time deposits	111,419	155,092
Repurchase agreements collateralized by bonds	15,967	26,120
Cash and cash equivalents	$ 173,885	$ 236,100	$ 217,429	$ 119,042
Time deposits \| Bottom of range
Cash and Cash Equivalents [Line Items]
Interest rate (as a percent)	0.55%	0.31%
Time deposits \| Top of range
Cash and Cash Equivalents [Line Items]
Interest rate (as a percent)	6.50%	4.45%
Repurchase agreements collateralized by bonds
Cash and Cash Equivalents [Line Items]
Interest rate (as a percent)		0.40%
Repurchase agreements collateralized by bonds \| Bottom of range
Cash and Cash Equivalents [Line Items]
Interest rate (as a percent)	0.63%
Repurchase agreements collateralized by bonds \| Top of range
Cash and Cash Equivalents [Line Items]
Interest rate (as a percent)	0.65%

General Information	12 Months Ended
General Information	Dec. 31, 2023
General Information [Abstract]
GENERAL INFORMATION	GENERAL INFORMATION Gogoro Inc. (“Gogoro”) was incorporated as an exempted company in accordance with the laws and regulations of the Cayman Islands on April 27, 2011. Gogoro is a holding company, through its subsidiaries (collectively referred to as the “Company”), engaging in research and development, manufacture and sales and distribution of electric scooters and electric scooter enabling components, and providing battery swapping service to consumers. The Company’s principal place of business is in Taiwan, the Republic of China (R.O.C.). Gogoro’s ordinary shares are listed and quoted on the National Association of Securities Dealers Quotations (“Nasdaq”) under the symbol "GGR" on April 5, 2022. The consolidated financial statements were approved by the board of directors and authorized for issue on March 29, 2024.

Financial Instruments - Interest Rate Risk (Details) - Interest rate risk - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair value hedges
Disclosure of detailed information about hedging instruments [line items]
Financial assets	$ 129,917	$ 184,669
Financial liabilities	60,970	68,422
Cash flow hedges
Disclosure of detailed information about hedging instruments [line items]
Financial assets	49,465	56,357
Financial liabilities	$ 410,617	$ 381,599

Net Loss From Continuing Operations - Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of attribution of expenses by nature to their function [line items]
Depreciation expense	$ 97,798	$ 93,875	$ 93,776
Costs of revenues
Disclosure of attribution of expenses by nature to their function [line items]
Depreciation expense	88,542	85,147	84,878
Sales and marketing
Disclosure of attribution of expenses by nature to their function [line items]
Depreciation expense	3,409	3,076	2,863
General and administrative
Disclosure of attribution of expenses by nature to their function [line items]
Depreciation expense	4,518	4,339	4,606
Research and development
Disclosure of attribution of expenses by nature to their function [line items]
Depreciation expense	$ 1,329	$ 1,313	$ 1,429

Lease Arrangements (Tables)

12 Months Ended

Dec. 31, 2023

Presentation of leases for lessee [abstract]

Schedule of Right-Of-Use Assets

Right-of-use assets


	As of December 31,
	2023		2022
Carrying amounts
Land and buildings	$	29,788	$	20,211
Others	624		878
	$	30,412	$	21,089


	For the Year Ended December 31
	2023		2022		2021
Additions to right-of-use assets	$	23,146	$	10,330	$	9,800

Depreciation expenses of right-of-use assets
Land and buildings	$	12,639	$	12,400	$	11,901
Others	374		435		386
	$	13,013	$	12,835	$	12,287

Schedule of Lease Liabilities

Lease liabilities


	As of December 31,
	2023		2022
Lease liabilities	$	30,138	$	21,473

Current	$	11,296	$	10,073
Non-current	18,842		11,400
	$	30,138	$	21,473

Discount rates	1.20%-3.10%		1.20%-2.81%

Schedule of Other Lease Information

Other lease information


	For the Year Ended December 31
	2023		2022		2021
Expenses relating to short-term leases and low-value asset leases	$	2,800	$	1,537	$	1,263

Total cash outflows for leases	$	(16,002)	$	(14,863)	$	(14,025)

Lease Arrangements - Lease Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Disclosure of quantitative information about right-of-use assets [line items]
Lease liabilities	$ 30,138	$ 21,473
Current	11,296	10,073
Non-current	18,842	11,400
Lease liabilities	$ 30,138	$ 21,473
Bottom of range
Disclosure of quantitative information about right-of-use assets [line items]
Discount rates (as a percent)	1.20%	1.20%
Top of range
Disclosure of quantitative information about right-of-use assets [line items]
Discount rates (as a percent)	3.10%	2.81%

Share-Based Payment Arrangements - Information on Restricted Share Plan And Share Units (Details) - shares shares in Thousands	1 Months Ended		12 Months Ended
	Mar. 31, 2022	Sep. 30, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restricted Shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Beginning balance (in shares)			5,569	7,791	0
Awards granted (in shares)		8,901	0	0	7,791
Award vested (in shares)			(1,889)	(1,948)	0
Award forfeited (in shares)			(261)	(274)	0
Ending balance (in shares)			3,419	5,569	7,791
Restricted Stock Units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Beginning balance (in shares)			3,614	0
Awards granted (in shares)	3,674		28	3,910
Award vested (in shares)			(1,771)	(259)
Award forfeited (in shares)			(175)	(37)
Ending balance (in shares)			1,696	3,614	0

Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2023

Related Party [Abstract]

Disclosure of Transactions Between Related Parties


Related Party						Relationship with Gogoro
Nan Shan General Insurance Co., Ltd.						Related party in substance
Nan Shan Life Insurance Co., Ltd.						Related party in substance
Yin Shu-Tien Medical Foundation						Related party in substance
Ruentex Construction International Co., Ltd.						Related party in substance
Ruentex Pai Yi Co., Ltd.						Related party in substance
Ruentex Development Co., Ltd.						Related party in substance
RT-Mart International Co., Ltd.						Related party in substance
Animoca Capital HK Advisor Limited						Related party in substance
Gogoro Philippines Inc.						Associate

Compensation of key management personnel


	For the Year Ended December 31
	2023		2022		2021
Share-based payments	$	11,438	$	13,507	$	1,290
Short-term employee benefits	2,943		2,625		2,695
Post-employment benefits	17		14		18
	$	14,398	$	16,146	$	4,003

Property, Plant and Equipment - Non-cash Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of detailed information about property, plant and equipment [abstract]
Additions to property, plant and equipment	$ 149,293	$ 117,896	$ 128,230
Changes in prepayments for property, plant and equipment	5,671	4,772	(109)
Changes in payables for property, plant and equipment	275	434	(382)
Transfer from inventories	(37,423)	0	0
Payments for acquisitions of property, plant and equipment	$ 117,816	$ 123,102	$ 127,739

Share-Based Payment Arrangements (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangements [Abstract]

Information on Restricted Share Plan

Information of restricted shares was as follows:


	Unit: in Thousands of Shares
	For the Year Ended December 31
	2023	2022	2021
Shares unvested as of January 1	5,569	7,791	—
Shares granted	—	—	7,791
Shares vested	(1,889)	(1,948)	—
Shares forfeited	(261)	(274)	—
Shares unvested as of December 31	3,419	5,569	7,791

Information of RSUs was as follows:


	Unit: in Thousands of Shares
	For the Year Ended December 31
	2023	2022
RSUs unvested as of January 1	3,614	—
RSUs granted	28	3,910
RSUs vested	(1,771)	(259)
RSUs forfeited	(175)	(37)
RSUs unvested as of December 31	1,696	3,614

Information on Employee Share Options

Information of share options was as follows:


	For the Year Ended December 31
	2023			2022
	Options (in Thousands)	Weighted Average Exercise Price		Options (in Thousands)	Weighted Average Exercise Price
Options outstanding as of January 1	4,848	$	5.20	—	$	—
Options granted	6,430	3.01		4,874	5.20
Options forfeited	(74)	4.78		(25)	5.20
Options exercised	—	—		(1)	5.20
Options expired	(35)	5.20		—	—
Options outstanding as of December 31	11,169	3.94		4,848	5.20
Options exercisable as of December 31	4,457	4.18		1,217	5.20

Information on Fair Values Of Share Options On The Grant Date

The fair values of share options on the grant dates were derived from the Binomial Model. The inputs to the model were as follows:


	Share Options Granted in August 2023			Share Options Granted in May 2023			Share Options Granted in August 2022
Weighted average share price (in U.S. dollars per share)	$	3.01		$	2.94		$	5.20
Weighted average exercise price (in U.S. dollars per share)	$	3.01		$	3.00		$	5.20
Expected volatility	64.22		%	64.87		%	65.50		%
Option life (in years)	10.0			10.0			10.0
Expected dividend yield	—		%	—		%	—		%
Risk-free interest rate	4.25		%	3.61		%	2.86		%
Expected early exercise multiple	2.2			2.8			2.2

Share-Based Payment Arrangements - Narrative (Details)		1 Months Ended		12 Months Ended
Share-Based Payment Arrangements - Narrative (Details)	Apr. 04, 2022 shares $ / shares	Mar. 31, 2022 shares	Sep. 30, 2021 shares $ / shares	Dec. 31, 2023 USD ($) shares $ / shares	Dec. 31, 2022 USD ($) shares $ / shares	Dec. 31, 2021 USD ($) shares $ / shares	Dec. 31, 2020 shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Unrecognized compensation cost \| $				$ 18,260,000	$ 40,023,000
Share-based payments \| $				26,324,000	37,907,000	$ 5,038,000
Weighted average fair value at measurement date, share options granted \| $				$ 1.76	$ 3.03
Weighted-average fair value of options granted per unit (in dollars per share) \| $ / shares				$ 0	$ 5.26
Weighted average exercise price of share options outstanding (in dollars per share) \| $ / shares				3.94	$ 5.20	$ 0
Bottom of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Weighted average exercise price of share options outstanding (in dollars per share) \| $ / shares				3.00
Top of range
Disclosure of terms and conditions of share-based payment arrangement [line items]
Weighted average exercise price of share options outstanding (in dollars per share) \| $ / shares				$ 5.20
Restricted Shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Awards granted (in shares)			8,901,000	0	0	7,791,000
Shares outstanding (in shares)	7,791,000			3,419,000	5,569,000	7,791,000	0
Share subdivision ratio	1.1425
Shares granted (in dollars per share) \| $ / shares	$ 6.25		$ 5.47	$ 0	$ 0	$ 6.25
Vesting percentage			25.00%
Restricted Stock Units
Disclosure of terms and conditions of share-based payment arrangement [line items]
Awards granted (in shares)		3,674,000		28,000	3,910,000
Shares outstanding (in shares)				1,696,000	3,614,000	0
Shares granted (in dollars per share) \| $ / shares				$ 3.25	$ 5.04
Number of shares issuable for each share-based payment award (in shares)		1
Vesting percentage		25.00%
Instruments granted and vested immediately (in shares)		264,000
Share Options
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of shares issuable for each share-based payment award (in shares)				1
Vesting percentage				25.00%
Weighted average remaining contractual life				9 years 2 months 4 days	9 years 7 months 6 days

Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2023

Cash and cash equivalents [abstract]

CASH AND CASH EQUIVALENTS


	As of December 31,
	2023		2022
Cash on hand	$	194	$	192
Checking accounts and demand deposits	46,305		54,696
Time deposits	111,419		155,092
Repurchase agreements collateralized by bonds	15,967		26,120
	$	173,885	$	236,100

Interest rates
Time deposits	0.55%-6.50%		0.31%-4.45%
Repurchase agreements collateralized by bonds	0.63%-0.65%		0.40%

Financial Instruments - Maturity Analysis for Non-Derivative Financial Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Bottom of range
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest rate on lease liabilities (as a percent)	1.20%	1.20%
Top of range
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest rate on lease liabilities (as a percent)	3.10%	2.81%
Variable interest rate liabilities \| Bottom of range
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest rate on fixed and variable interest rate liabilities (as a percent)	2.05%	1.70%
Variable interest rate liabilities \| Top of range
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Interest rate on fixed and variable interest rate liabilities (as a percent)	3.26%	2.94%
On Demand or Less than 1 Month
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Gross lease liabilities	$ 1,143	$ 990
Non-derivative financial liabilities, undiscounted cash flows	46,329	49,832
On Demand or Less than 1 Month \| Non-interest bearing liabilities
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Bank borrowings, undiscounted cash flows	38,672	43,341
On Demand or Less than 1 Month \| Variable interest rate liabilities
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Bank borrowings, undiscounted cash flows	6,514	5,501
1 to 3 Months
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Gross lease liabilities	2,232	1,980
Non-derivative financial liabilities, undiscounted cash flows	97,452	47,096
1 to 3 Months \| Non-interest bearing liabilities
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Bank borrowings, undiscounted cash flows	23,864	18,740
1 to 3 Months \| Variable interest rate liabilities
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Bank borrowings, undiscounted cash flows	71,356	26,376
3 Months to 1 Year
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Gross lease liabilities	9,508	7,421
Non-derivative financial liabilities, undiscounted cash flows	64,132	64,922
3 Months to 1 Year \| Non-interest bearing liabilities
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Bank borrowings, undiscounted cash flows	1,017	1,395
3 Months to 1 Year \| Variable interest rate liabilities
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Bank borrowings, undiscounted cash flows	53,607	56,106
1 to 5 Years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Gross lease liabilities	20,771	11,703
Non-derivative financial liabilities, undiscounted cash flows	299,919	306,629
1 to 5 Years \| Non-interest bearing liabilities
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Bank borrowings, undiscounted cash flows	8	1,308
1 to 5 Years \| Variable interest rate liabilities
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Bank borrowings, undiscounted cash flows	279,140	293,618
More than 5 Years
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Gross lease liabilities	204	0
Non-derivative financial liabilities, undiscounted cash flows	235	31
More than 5 Years \| Non-interest bearing liabilities
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Bank borrowings, undiscounted cash flows	31	31
More than 5 Years \| Variable interest rate liabilities
Disclosure of maturity analysis for non-derivative financial liabilities [line items]
Bank borrowings, undiscounted cash flows	$ 0	$ 0

Significant Events After the Reporting Period	12 Months Ended
Significant Events After the Reporting Period	Dec. 31, 2023
Disclosure Of Events After Reporting Period [Abstract]
SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD

Related Party Transactions

12 Months Ended

Dec. 31, 2023

Related Party [Abstract]

RELATED PARTY TRANSACTIONS

Balances and transactions between Gogoro and its subsidiaries, which are related parties of Gogoro, have been eliminated on consolidation and are not disclosed in this note. Other than that, the Company's remaining transactions with related parties were immaterial for the years ended December 31, 2023, 2022 and 2021. The names and relationships of related-parties are disclosed below:


Related Party						Relationship with Gogoro
Nan Shan General Insurance Co., Ltd.						Related party in substance
Nan Shan Life Insurance Co., Ltd.						Related party in substance
Yin Shu-Tien Medical Foundation						Related party in substance
Ruentex Construction International Co., Ltd.						Related party in substance
Ruentex Pai Yi Co., Ltd.						Related party in substance
Ruentex Development Co., Ltd.						Related party in substance
RT-Mart International Co., Ltd.						Related party in substance
Animoca Capital HK Advisor Limited						Related party in substance
Gogoro Philippines Inc.						Associate

Compensation of key management personnel


	For the Year Ended December 31
	2023		2022		2021
Share-based payments	$	11,438	$	13,507	$	1,290
Short-term employee benefits	2,943		2,625		2,695
Post-employment benefits	17		14		18
	$	14,398	$	16,146	$	4,003

Net Loss From Continuing Operations - Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure of attribution of expenses by nature to their function [line items]
Amortization expense	$ 579	$ 932	$ 1,043
Costs of revenues
Disclosure of attribution of expenses by nature to their function [line items]
Amortization expense	62	73	94
Sales and marketing
Disclosure of attribution of expenses by nature to their function [line items]
Amortization expense	160	183	158
General and administrative
Disclosure of attribution of expenses by nature to their function [line items]
Amortization expense	85	187	280
Research and development
Disclosure of attribution of expenses by nature to their function [line items]
Amortization expense	$ 272	$ 489	$ 511

Income Taxes Relating to Continuing Operations - Disclosure of Deductible Temporary Differences and Unused Loss Carryforwards (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences	$ 39,682	$ 99,069
Unused tax losses
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Loss carryforwards	370,404	352,345
Unused tax losses \| Expire in 2024
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Loss carryforwards	829	829
Unused tax losses \| Expire in 2025
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Loss carryforwards	9,868	35,217
Unused tax losses \| Expire in 2026
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Loss carryforwards	44,518	66,761
Unused tax losses \| Expire in 2027
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Loss carryforwards	38,979	38,973
Unused tax losses \| Expire in 2028
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Loss carryforwards	68,604	68,337
Unused tax losses \| Expire in 2029
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Loss carryforwards	22,022	22,018
Unused tax losses \| Expire in 2030
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Loss carryforwards	33,008	32,685
Unused tax losses \| Expire in 2031
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Loss carryforwards	42,150	39,908
Unused tax losses \| Expire in 2032
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Loss carryforwards	47,887	47,617
Unused tax losses \| Expire in 2033
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Loss carryforwards	$ 62,539	$ 0

Financial Liabilities at Fair Value Through Profit or Loss (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure Of Financial Instrument [Abstract]

Summary of Financial Liabilities at Fair Value Through Profit or Loss


	As of December 31,
	2023		2022
Earnout liabilities (Note a)	$	16,380	$	24,147
Earn-in liabilities (Note b)	9,079		13,384
Warrant liabilities (Note c)	5,373		9,418
Redeemable preferred shares (Note d)	—		—
	$	30,832	$	46,949

Categories of financial instruments


	As of December 31,
	2023		2022
Financial assets

Financial assets at amortized cost (Note i)	$	201,050	$	261,717

Financial liabilities

Financial liabilities at FVTPL	30,832		46,949
Financial liabilities at amortized cost (Note ii)	473,763		445,988

i.The balances included financial assets measured at amortized cost, which comprised cash and cash equivalents, trade receivables and other financial assets.

ii.The balances included financial liabilities measured at amortized cost, which comprise bank loans, notes and trade payables, and other financial liabilities.

Significant Contingent Liabilities and Unrecognized Commitments (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) case	Jan. 05, 2024 USD ($)
Disclosure of contingent liabilities [line items]
Number of litigation cases \| case	3
Litigation, damages sought by plaintiffs	$ 2,065,000
Litigation provision recognized	$ 0
Commencement of major litigation
Disclosure of contingent liabilities [line items]
Litigation, damages sought by plaintiffs		$ 684,000

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party [Abstract]
Share-based payments	$ 11,438	$ 13,507	$ 1,290
Short-term employee benefits	2,943	2,625	2,695
Post-employment benefits	17	14	18
Compensation of key management personnel	$ 14,398	$ 16,146	$ 4,003

Segment Information

12 Months Ended

Dec. 31, 2023

Disclosure of operating segments [abstract]

SEGMENT INFORMATION

Information was reported to the Company’s chief operating decision maker for the purposes of resource allocation and assessment of performance as a single operating segment involving sales of hardware and battery swapping service. As such, the Company had identified one reportable segment.

a.Geographical areas

Information about the Company’s non-current assets excluding financial instruments by geographical location as of December 31, 2023 and 2022 was detailed below:


	As of December 31,
	2023		2022
Taiwan	$	520,995	$	468,137
India	27,571		2,197
Others	13,275		—
	$	561,841	$	470,334

The Company’s revenue from external customers by geographical location for the years ended December 31, 2023, 2022 and 2021 was detailed below:


	For the Year Ended December 31
	2023		2022		2021
Taiwan	$	328,527	$	360,618	$	354,231
Others	21,319		22,208		11,778
	$	349,846	$	382,826	$	366,009

b.Major customers

No single customers contributed 10 percent or more to the Company’s revenue for the years ended December 31, 2023, 2022 and 2021.

Lease Arrangements

12 Months Ended

Dec. 31, 2023

Presentation of leases for lessee [abstract]

LEASE ARRANGEMENTS

a.Right-of-use assets


	As of December 31,
	2023		2022
Carrying amounts
Land and buildings	$	29,788	$	20,211
Others	624		878
	$	30,412	$	21,089


	For the Year Ended December 31
	2023		2022		2021
Additions to right-of-use assets	$	23,146	$	10,330	$	9,800

Depreciation expenses of right-of-use assets
Land and buildings	$	12,639	$	12,400	$	11,901
Others	374		435		386
	$	13,013	$	12,835	$	12,287

b.Lease liabilities


	As of December 31,
	2023		2022
Lease liabilities	$	30,138	$	21,473

Current	$	11,296	$	10,073
Non-current	18,842		11,400
	$	30,138	$	21,473

Discount rates	1.20%-3.10%		1.20%-2.81%

c.Material lease-in activities and terms

The Company leased certain land, buildings and transportation equipment for the use of plants, offices and business operation with original lease terms of 1 to 10 years. The Company did not have bargain purchase options to acquire the buildings at the

end of the lease terms. In addition, the Company was prohibited from subleasing or transferring all or any portion of the underlying assets without the lessor’s consent.

d.Other lease information


	For the Year Ended December 31
	2023		2022		2021
Expenses relating to short-term leases and low-value asset leases	$	2,800	$	1,537	$	1,263

Total cash outflows for leases	$	(16,002)	$	(14,863)	$	(14,025)

The Company leased certain office equipment and other equipment which qualified as short-term leases and low-value asset leases. The Company had elected to apply the recognition exemption and thus, did not recognize right-of-use assets and lease liabilities for these leases.

Material Accounting Policy Information (Details)	12 Months Ended
Material Accounting Policy Information (Details)	Dec. 31, 2023	Dec. 31, 2022
Gogoro Inc. \| Gogoro Taiwan Limited
Disclosure of subsidiaries [line items]
% of Ownership	100.00%	100.00%
Gogoro Inc. \| Gogoro Network
Disclosure of subsidiaries [line items]
% of Ownership	100.00%	100.00%
Gogoro Inc. \| Gogoro Europe B.V.
Disclosure of subsidiaries [line items]
% of Ownership	0.00%	100.00%
Gogoro Inc. \| Gogoro Network Pte. Ltd.
Disclosure of subsidiaries [line items]
% of Ownership	100.00%	100.00%
Gogoro Inc. \| GoShare Pte. Ltd.
Disclosure of subsidiaries [line items]
% of Ownership	100.00%	100.00%
Gogoro Inc. \| Starship Merger Sub II Limited
Disclosure of subsidiaries [line items]
% of Ownership	0.00%	100.00%
Gogoro Inc. \| Gogoro Network Infrastructure Pte. Ltd.
Disclosure of subsidiaries [line items]
% of Ownership	100.00%	0.00%
Gogoro Taiwan Limited \| Gogoro Taiwan Sales and Services Limited
Disclosure of subsidiaries [line items]
% of Ownership	100.00%	100.00%
Gogoro Taiwan Limited \| GoPocket Taiwan Limited
Disclosure of subsidiaries [line items]
% of Ownership	100.00%	100.00%
Gogoro Taiwan Limited \| Gogoro Singapore Holding Pte. Ltd.
Disclosure of subsidiaries [line items]
% of Ownership	100.00%	100.00%
GoShare Pte. Ltd. \| GoShare Taiwan Limited
Disclosure of subsidiaries [line items]
% of Ownership	100.00%	100.00%
Gogoro Network Pte. Ltd. \| Gogoro B.V.
Disclosure of subsidiaries [line items]
% of Ownership	100.00%	100.00%
Gogoro Network Pte. Ltd. \| Gogoro Network B.V.
Disclosure of subsidiaries [line items]
% of Ownership	100.00%	100.00%
Gogoro Network Pte. Ltd. \| Rui Li Trading (Shanghai) Limited
Disclosure of subsidiaries [line items]
% of Ownership	0.00%	0.00%
Gogoro Network Pte. Ltd. \| Gogoro India Private Limited
Disclosure of subsidiaries [line items]
% of Ownership	100.00%	100.00%
Gogoro Singapore Holding Pte. Ltd. \| Gogoro Europe Sales and Services B.V.
Disclosure of subsidiaries [line items]
% of Ownership	100.00%	100.00%
Gogoro Singapore Holding Pte. Ltd. \| Rui Yi Trading (Shanghai) Limited
Disclosure of subsidiaries [line items]
% of Ownership	100.00%	100.00%

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Share Capital Ordinary Shares	Share Capital Preferred Shares	Capital Surplus	Accumulated Deficits	Exchange Difference on Translation
Beginning balance at Dec. 31, 2020	$ 183,032	$ 14	$ 85,714	$ 127,956	$ (49,247)	$ 18,595
Net loss	(67,362)				(67,362)
Other comprehensive income (loss)	3,005					3,005
TOTAL COMPREHENSIVE LOSS FOR THE YEAR	(64,357)				(67,362)	3,005
Issuance of shares	0	1		(1)
Shared-based payments (Note 22)	5,038			5,038
Ending balance at Dec. 31, 2021	123,713	15	85,714	132,993	(116,609)	21,600
Net loss	(98,908)				(98,908)
Other comprehensive income (loss)	(16,180)					(16,180)
TOTAL COMPREHENSIVE LOSS FOR THE YEAR	(115,088)				(98,908)	(16,180)
Issuance of shares	472,579	9		472,570
Repurchase of Series C preferred shares	(85,714)		(85,714)
Recognition of earnout liabilities (Note 13)	(134,423)				(134,423)
Shared-based payments (Note 22)	37,907			37,907
Ending balance at Dec. 31, 2022	298,974	24	0	643,470	(349,940)	5,420
Net loss	(76,038)				(76,038)
Other comprehensive income (loss)	(691)					(691)
TOTAL COMPREHENSIVE LOSS FOR THE YEAR	(76,729)				(76,038)	(691)
Issuance of shares	118			118
Shared-based payments (Note 22)	26,324			26,324
Ending balance at Dec. 31, 2023	$ 248,687	$ 24	$ 0	$ 669,912	$ (425,978)	$ 4,729

- Definition

The amount of change in equity resulting from transactions and other events, other than those changes resulting from transactions with owners in their capacity as owners.

+ References + Details

- Definition

The amount of residual interest in the assets of the entity after deducting all its liabilities.

+ References + Details

- Definition

The total of income less expenses from continuing and discontinued operations, excluding the components of other comprehensive income. [Refer: Other comprehensive income]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 7
-IssueDate 2023-01-01
-Paragraph 18
-Subparagraph b
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2023-en-r&anchor=para_18_b&doctype=Standard
-URIDate 2023-03-23

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 1
-IssueDate 2023-01-01
-Paragraph 32
-Subparagraph a
-Clause ii
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=1&code=ifrs-tx-2023-en-r&anchor=para_32_a_ii&doctype=Standard
-URIDate 2023-03-23

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
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-Subparagraph b
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
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-Paragraph 28
-Subparagraph b
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2023-en-r&anchor=para_28_b&doctype=Standard
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 8
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-Paragraph 23
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2023-en-r&anchor=para_23&doctype=Standard
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Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Name IFRS
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Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Name IFRS
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
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-Paragraph 81A
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-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_81A_a&doctype=Standard
-URIDate 2023-03-23

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
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-Paragraph 106
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-URIDate 2023-03-23

+ Details

Net Loss From Continuing Operations - Impairment Losses (Reversal Of Impairment Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Income (Loss) From Continuing Operations [Abstract]
Impairment losses on property, plant and equipment	$ 1,387	$ 0	$ 0
Impairment losses (reversal of impairment losses) on inventories	2,460	3,045	(639)
Impairment losses on trade receivables	491	523	519
Impairment loss (reversal of impairment loss) recognised in profit or loss	4,338	3,568	(120)
Disclosure of attribution of expenses by nature to their function [line items]
Impairment losses (reversal of impairment losses)	4,338	3,568	(120)
Costs of revenues
Net Income (Loss) From Continuing Operations [Abstract]
Impairment loss (reversal of impairment loss) recognised in profit or loss	2,460	3,045	(639)
Disclosure of attribution of expenses by nature to their function [line items]
Impairment losses (reversal of impairment losses)	2,460	3,045	(639)
Sales and marketing
Net Income (Loss) From Continuing Operations [Abstract]
Impairment loss (reversal of impairment loss) recognised in profit or loss	491	523	519
Disclosure of attribution of expenses by nature to their function [line items]
Impairment losses (reversal of impairment losses)	491	523	519
Other
Net Income (Loss) From Continuing Operations [Abstract]
Impairment loss (reversal of impairment loss) recognised in profit or loss	1,387	0	0
Disclosure of attribution of expenses by nature to their function [line items]
Impairment losses (reversal of impairment losses)	$ 1,387	$ 0	$ 0

Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of operating segments [abstract]

Schedule of Geographic and Major Customers Information

Information about the Company’s non-current assets excluding financial instruments by geographical location as of December 31, 2023 and 2022 was detailed below:


	As of December 31,
	2023		2022
Taiwan	$	520,995	$	468,137
India	27,571		2,197
Others	13,275		—
	$	561,841	$	470,334

The Company’s revenue from external customers by geographical location for the years ended December 31, 2023, 2022 and 2021 was detailed below:


	For the Year Ended December 31
	2023		2022		2021
Taiwan	$	328,527	$	360,618	$	354,231
Others	21,319		22,208		11,778
	$	349,846	$	382,826	$	366,009

Notes Payable and Trade Payable - Narrative (Details)	12 Months Ended
Notes Payable and Trade Payable - Narrative (Details)	Dec. 31, 2023
Bottom of range
Disclosure of financial liabilities [line items]
Average term of payment	2 months
Top of range
Disclosure of financial liabilities [line items]
Average term of payment	4 months

Other Assets (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of financial assets [abstract]

Disclosure of Other Assets


	As of December 31,
	2023		2022
Non-financial assets

Prepaid expenses	$	5,298	$	5,104
Prepayments to suppliers	954		2,239
Input tax from business tax	5,982		6,143
Temporary payments for commodity tax	5,820		13,034
Prepayments for property, plant and equipment	11,039		5,393
Intangible assets	772		883
Current tax assets	100		42
Others	77		109
	30,042		32,947

Financial assets

Refundable deposits	3,721		3,518
Restricted demand deposits	2,530		1,692
Restricted time deposits	3,286		3,457
Others	493		807
	10,030		9,474

	$	40,072	$	42,421

Current	$	22,009	$	30,961
Non-current	18,063		11,460
	$	40,072	$	42,421

Interest rates
Restricted time deposits	0.55%-6.75%		0.32%-1.46%

Disclosure of Assets Provided as Collateral

The following assets were provided as collaterals:


	As of December 31,
	2023		2022
Demand deposits pledged for bank loans	$	2,530	$	1,692
Time deposits pledged for bank guarantees	19		—
Time deposits pledged for government grants	—		201
Time deposits pledged for litigation*	3,267		3,256
	$	5,816	$	5,149

*On April 1, 2022, the Company initiated a litigation to claim compensation resulting from trade secret infringement in Taiwan district court. The Company lodged a security bond with interest in the amount of NT$100,320 thousand (approximately $3,267 thousand) at the court's lodge office to enforce the provisional attachment order associated with the said litigation against some of the defendants as security for any potential damages claimed due to a false provisional attachment, if any. The case is currently undergoing proceedings in the district court, the said provisional attachment remains valid.

Financial Instruments

12 Months Ended

Dec. 31, 2023

Disclosure Of Financial Instrument [Abstract]

FINANCIAL INSTRUMENTS

a.Fair value of financial instruments that are not measured at fair value

Financial instruments not measured at fair value held by the Company included financial assets and financial liabilities measured at amortized cost. The management considered that the carrying amounts of these financial assets and financial liabilities not measured at fair value approximated their fair values or the fair values could not be measured reliably.

b.Fair value of financial instruments that are measured at fair value on a recurring basis

i.Fair value hierarchy


	As of December 31, 2023
	Level 1		Level 2		Level 3		Total
Financial liabilities at FVTPL
Earnout liabilities	$	—	$	—	$	16,380	$	16,380
Earn-in liabilities	—		—		9,079		9,079
Warrant liabilities	3,449		—		1,924		5,373
	$	3,449	$	—	$	27,383	$	30,832


	As of December 31, 2022
	Level 1		Level 2		Level 3		Total
Financial liabilities at FVTPL
Earnout liabilities	$	—	$	—	$	24,147	$	24,147
Earn-in liabilities	—		—		13,384		13,384
Warrant liabilities	6,038		—		3,380		9,418
	$	6,038	$	—	$	40,911	$	46,949

There were no transfers between the levels of the fair value hierarchy for the years ended December 31, 2023, 2022 and 2021. The Company did not measure any financial assets or financial liabilities at fair value on a non-recurring basis as of December 31, 2023 and 2022.

ii.Reconciliation for recurring fair value measurements categorized within level 3 of the fair value hierarchy


	Earnout liabilities		Earn-in liabilities		Warrant liabilities		Redeemable preferred shares		Total
Balance as of January 1, 2022	$	—	$	—	$	—	$	107,862	$	107,862
Issuance	134,423		74,508		21,127		—		230,058
Settlements	—		—		—		(108,149)		(108,149)
(Gains) losses on financial liabilities at FVTPL	(110,276)		(61,124)		(17,747)		287		(188,860)
Balance as of December 31, 2022	24,147		13,384		3,380		—		40,911
Gains on financial liabilities at FVTPL	(7,767)		(4,305)		(1,456)		—		(13,528)
Balance as of December 31, 2023	$	16,380	$	9,079	$	1,924	$	—	$	27,383

For recurring fair value measurements categorized within Level 3 of the fair value hierarchy, unrealized gains of $13,528 thousand and $189,147 thousand were recognized in profit or loss attributable to balances held at the end of the reporting period as of December 31, 2023 and 2022, respectively. The amounts were recognized in “Gains (losses) on financial liabilities at fair value through profit or loss” in profit or loss.

iii.Valuation techniques and inputs used in the fair value measurements


Financial Instruments	Valuation Techniques and Key Inputs	Significant Unobservable Inputs	Relationship and Sensitivity of Unobservable Inputs to Fair Value
Warrant liabilities - Public Warrants	Quoted prices in an active market	N/A	N/A
Warrant liabilities - Private Placement Warrants	Monte Carlo simulation: Underlying stock price, volatility and risk-free rate	Volatility (December 31, 2023: 63.5%; December 31, 2022: 56.0%)	10% increase / (decrease) in the volatility would result in increase / (decrease) in fair value by approximately $741 thousand / ($765 thousand) as of December 31, 2023; 10% increase / (decrease) in the volatility would result in increase / (decrease) in fair value by approximately $798 thousand / ($1,179 thousand) as of December 31, 2022
Earnout liabilities	Monte Carlo simulation: Underlying stock price, volatility and risk-free rate	Volatility (December 31, 2023: 84.2%; December 31, 2022: 78.2%)	10% increase / (decrease) in the volatility would result in increase / (decrease) in fair value by approximately $2,807 thousand / ($3,307 thousand) as of December 31, 2023; 10% increase / (decrease) in the volatility would result in increase / (decrease) in fair value by approximately $2,961 thousand / ($3,883 thousand) as of December 31, 2022
Earn-in liabilities	Monte Carlo simulation: Underlying stock price, volatility and risk-free rate	Volatility (December 31, 2023: 84.2%; December 31, 2022: 78.2%)	10% increase / (decrease) in the volatility would result in increase / (decrease) in fair value by approximately $1,556 thousand / ($1,833 thousand) as of December 31, 2023; 10% increase / (decrease) in the volatility would result in increase / (decrease) in fair value by approximately $1,641 thousand / ($2,153 thousand) as of December 31, 2022

iv.Valuation processes for fair value measurements categorized within level 3 of the fair value hierarchy

The Company engaged third party qualified valuers to perform the valuation where significant unobservable inputs were used in the fair value measurements. The financial department worked closely with the qualified external valuers to establish the appropriate valuation techniques and inputs to the model and confirmed the reliability, independence and correspondence of the information sources in the valuation.

c.Categories of financial instruments


	As of December 31,
	2023		2022
Financial assets

Financial assets at amortized cost (Note i)	$	201,050	$	261,717

Financial liabilities

Financial liabilities at FVTPL	30,832		46,949
Financial liabilities at amortized cost (Note ii)	473,763		445,988

i.The balances included financial assets measured at amortized cost, which comprised cash and cash equivalents, trade receivables and other financial assets.

ii.The balances included financial liabilities measured at amortized cost, which comprise bank loans, notes and trade payables, and other financial liabilities.

d.Changes in liabilities arising from financing activities


	For the Year Ended December 31, 2023
	Balance as of January 1		Financing Cash Flows		Non-cash Recognition		Changes in Fair Values		Other Changes*		Exchange Differences on Translation		Balance as of December 31
Bank loans	$	381,174	$	27,848	$	—	$	—	$	(20)	$	1,169	$	410,171
Earnout liabilities	24,147		—		—		(7,767)		—		—		16,380
Earn-in liabilities	13,384		—		—		(4,305)		—		—		9,079
Warrant liabilities	9,418		—		—		(4,045)		—		—		5,373
Lease liabilities	21,473		(12,635)		—		—		21,775		(475)		30,138
Guarantee deposits received	1,251		(62)		—		—		—		26		1,215
	$	450,847	$	15,151	$	—	$	(16,117)	$	21,755	$	720	$	472,356


	For the Year Ended December 31, 2022
	Balance as of January 1		Financing Cash Flows		Non-cash Recognition		Changes in Fair Values		Other Changes*		Exchange Differences on Translation		Balance as of December 31
Bank loans	$	334,317	$	82,725	$	—	$	—	$	900	$	(36,768)	$	381,174
Bonds	100,000		(102,594)		—		—		2,594		—		—
Redeemable preferred shares	107,862		(108,149)		—		287		—		—		—
Earnout liabilities	—		—		134,423		(110,276)		—		—		24,147
Earn-in liabilities	—		—		74,508		(61,124)		—		—		13,384
Warrant liabilities	—		—		44,243		(34,825)		—		—		9,418
Lease liabilities	26,742		(12,886)		—		—		10,102		(2,485)		21,473
Guarantee deposits received	1,027		335		—		—		—		(111)		1,251
	$	569,948	$	(140,569)	$	253,174	$	(205,938)	$	13,596	$	(39,364)	$	450,847


	For the Year Ended December 31, 2021
	Balance as of January 1		Financing Cash Flows		Non-cash Recognition		Changes in Fair Values		Other Changes*		Exchange Differences on Translation		Balance as of December 31
Bank loans	$	248,617	$	81,099	$	—	$	—	$	—	$	4,601	$	334,317
Bonds	100,000		—		—		—		—		—		100,000
Redeemable preferred shares	107,397		(7,000)		—		7,465		—		—		107,862
Lease liabilities	30,342		(12,232)		—		—		8,233		399		26,742
Guarantee deposits received	1,114		(103)		—		—		—		16		1,027
	$	487,470	$	61,764	$	—	$	7,465	$	8,233	$	5,016	$	569,948

*Other changes mainly include interest accruals and payments, new leases and lease modifications.

e.Financial risk management objectives and policies

The Company’s financial risk management objective is to monitor and manage the financial risks relating to the operations of the Company. These risks include market risk (including foreign currency risk and interest rate risk), credit risk and liquidity risk. In order to minimize the effect of financial risks, the Company devoted time and resources to identify and evaluate the uncertainty of the market to mitigate risk exposures.

i.Market risk

The Company’s activities exposed it primarily to the financial risks of changes in foreign currency exchange rates and interest rates.

1)Foreign currency risk

The Company undertook transactions denominated in foreign currencies; consequently, exposures to exchange rate fluctuations arose.

Sensitivity analysis

Since the primary operating entities of the Company are located in Taiwan, which mainly transact in New Taiwan dollars (NTD), those entities were mainly exposed to the fluctuations of USD.

The following table details the Company’s sensitivity to a 1% increase in NTD against USD. The sensitivity analysis included only outstanding foreign currency denominated monetary items. A positive number below indicated a decrease in pre-tax loss or an increase in equity associated with a 1% strengthening of NTD against USD. For a 1% weakening of NTD against USD, there would be an equal and opposite impact on pre-tax loss and equity, and the balances below would be negative.


	For the Year Ended December 31
	2023		2022		2021
Profit or loss	$	(90)	$	(42)	$	(90)
Equity	2,106		2,350		2,067

2)Interest rate risk

The Company was exposed to interest rate risk because the entities in the Company borrowed funds at both fixed and floating interest rates. The Company’s interest rate risk was mainly concentrated in the fluctuation of the benchmark interest rate arising from cash and cash equivalents - time deposits and repurchase agreements collateralized by bonds, other financial assets, short-term borrowings, long-term borrowings, bonds payable, financial liabilities designated as at FVTPL and leasing liabilities. The carrying amount of the Company’s financial assets and financial liabilities with exposure to interest rates at the end of the reporting period were as follows.


	As of December 31,
	2023		2022
Fair value interest rate risk
Financial assets	$	129,917	$	184,669
Financial liabilities	60,970		68,422
Cash flow interest rate risk
Financial assets	49,465		56,357
Financial liabilities	410,617		381,599

Sensitivity analysis

The sensitivity analysis below was determined based on the Company’s exposure to interest rates for non-derivative instruments at the end of the reporting period. For floating rate liabilities, the analyses were prepared assuming the amount of the liability outstanding at the end of the reporting period was outstanding for the whole year. A 10 basis points increase or decrease was used when reporting interest rate risk internally to key management personnel and represents management’s assessment of the reasonably possible change in interest rates.

If interest rates had been 10 basis points higher/lower and all other variables were held constant, the Company’s loss for the years ended December 31, 2023, 2022 and 2021 would increase/decrease by $361 thousand, $278 thousand and $392 thousand, respectively.

ii.Credit risk

Credit risk referred to the risk that counterparty would default on its contractual obligations resulting in financial loss to the Company. The Company’s credit risk was mainly arising from bank deposits, trade receivables, other financial assets and refundable deposits. The Company adopted a policy of only dealing with creditworthy counterparties and financial institutions, where appropriate, as a means of mitigating the risk of financial loss from defaults.

iii.Liquidity risk

The Company managed liquidity risk by monitoring and maintaining a level of cash deemed adequate to finance the Company’s operations and mitigated the effects of fluctuations in cash flows. In addition, management monitored the utilization of bank loans and ensured compliance with loan covenants.

1)Maturity analysis for non-derivative financial liabilities

The following table details the Company’s remaining contractual maturity for its non-derivative financial liabilities with agreed repayment periods. The tables had been drawn up based on the undiscounted cash flows of financial liabilities from the earliest date on which the Company can be required to pay. The tables included both interest and principal cash flows. To the extent that interest flows are floating rate, the undiscounted amount was derived from the interest rate curve at the end of the reporting period.


	As of December 31, 2023
	Interest Rate	On Demand or Less than 1 Month		1 to 3 Months		3 Months to 1 Year		1 to 5 Years		More than 5 Years
Non-derivative financial liabilities

Non-interest bearing liabilities		$	38,672	$	23,864	$	1,017	$	8	$	31
Lease liabilities	1.20%-3.10%	1,143		2,232		9,508		20,771		204
Variable interest rate liabilities	2.05%-3.26%	6,514		71,356		53,607		279,140		—
		$	46,329	$	97,452	$	64,132	$	299,919	$	235


	As of December 31, 2022
	Interest Rate	On Demand or Less than 1 Month		1 to 3 Months		3 Months to 1 Year		1 to 5 Years		More than 5 Years
Non-derivative financial liabilities

Non-interest bearing liabilities		$	43,341	$	18,740	$	1,395	$	1,308	$	31
Lease liabilities	1.20%-2.81%	990		1,980		7,421		11,703		—
Variable interest rate liabilities	1.70%-2.94%	5,501		26,376		56,106		293,618		—
		$	49,832	$	47,096	$	64,922	$	306,629	$	31

2)Bank credit limit


	As of December 31,
	2023		2022
Unsecured bank general credit limit
Amount used*	$	470,496	$	401,500
Amount unused	53,636		126,667
	$	524,132	$	528,167

Share-Based Payment Arrangements

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangements [Abstract]

SHARE-BASED PAYMENT ARRANGEMENTS

As of December 31, 2023 and 2022, there were $18,260 thousand and $40,023 thousand of total unrecognized share-based payments, respectively. Share-based payments recognized for the years ended December 31, 2023, 2022 and 2021 were amounted to $26,324 thousand, $37,907 thousand and 5,038 thousand, respectively.

a.Restricted shares

Pursuant to the 2019 Equity Incentive Award Plan, Gogoro granted 8,901 thousand restricted shares (adjusted to 7,791 thousand restricted shares to reflect the 1:0.8752888353 share subdivision effected on the Closing Date) to certain executives and employees in September 2021, each of which will be settled in one ordinary share of Gogoro. The fair value of restricted shares on the grant date was $5.47 per share (adjusted to $6.25 per share to reflect the 1:0.8752888353 share subdivision effected on the Closing Date) derived from the income approach. 25% of the restricted shares are vested if the holders who are granted restricted shares remain employed by Gogoro at the end of each vesting period.

Subject to the terms of the 2019 Equity Incentive Award Plan, an award agreement may grant Gogoro a repurchase option exercisable upon the termination of a participant’s employment for any reason at a purchase price equal to the original purchase price per share paid by the purchaser to Gogoro for such shares, which repurchase option will lapse pursuant to terms set forth by the administrator. Once restricted share is purchased or received, participants will have the rights equivalent to those of a holder of shares. No adjustment will be made for a dividend or other right for which the record date is prior to the date the restricted share is purchased. Awards may not be transferred, assigned, pledged, donated or otherwise disposed of in any manner, other than with respect to options by the laws of wills and descent. Gogoro had not granted any additional awards under 2019 Equity Incentive Award Plan after September 2021 and such plan had been terminated on the Closing Date.

In relation to the Earnout Arrangement as disclosed in Note 13, eligible employees who are granted employee restricted shares are entitled to their pro rata portion of Earnout Shares if the employee restricted shares are vested in accordance with their terms. The rights to Earnout Shares of employees who are granted employee restricted shares were accounted for as a share-based payment transaction.

Information of restricted shares was as follows:


	Unit: in Thousands of Shares
	For the Year Ended December 31
	2023	2022	2021
Shares unvested as of January 1	5,569	7,791	—
Shares granted	—	—	7,791
Shares vested	(1,889)	(1,948)	—
Shares forfeited	(261)	(274)	—
Shares unvested as of December 31	3,419	5,569	7,791

For the years ended December 31, 2023, 2022 and 2021, the weighted average fair values at the measurement date of restricted shares granted were nil, nil and $6.25 per share (adjusted to reflect the 1:0.8752888353 share subdivision effected on the Closing Date), respectively. Refer to Note 17 for information in relation to share subdivision.

b.Restricted stock units (“RSUs”)

In March 2022, the board of directors approved the 2022 Equity Incentive Plan which became effective on the Closing Date. Pursuant to the 2022 Equity Incentive Plan, Gogoro granted RSUs to certain directors, executives, employees and others providing similar services, each of which will be settled in one ordinary share of Gogoro. The fair values of RSUs on the grant dates were measured using the quoted price in active markets. 25% of 3,674 thousand RSUs granted are vested if the holders who are granted RSUs remain appointed, employed or engaged by Gogoro at the end of each vesting period. 264 thousand RSUs granted were vested immediately on the grant dates.

Information of RSUs was as follows:


	Unit: in Thousands of Shares
	For the Year Ended December 31
	2023	2022
RSUs unvested as of January 1	3,614	—
RSUs granted	28	3,910
RSUs vested	(1,771)	(259)
RSUs forfeited	(175)	(37)
RSUs unvested as of December 31	1,696	3,614

For the years ended December 31, 2023 and 2022, the weighted average fair values at the measurement dates of RSUs granted were $3.25 and $5.04 per share, respectively.

c.Share options

Pursuant to the 2022 Equity Incentive Plan, Gogoro granted share options to certain directors, executives and employees, each of which entitles the holder to purchase one ordinary share of Gogoro. 25% of the share options are vested if the holders who are granted share options remain appointed, employed or engaged by Gogoro at the end of each vesting period.

Information of share options was as follows:


	For the Year Ended December 31
	2023			2022
	Options (in Thousands)	Weighted Average Exercise Price		Options (in Thousands)	Weighted Average Exercise Price
Options outstanding as of January 1	4,848	$	5.20	—	$	—
Options granted	6,430	3.01		4,874	5.20
Options forfeited	(74)	4.78		(25)	5.20
Options exercised	—	—		(1)	5.20
Options expired	(35)	5.20		—	—
Options outstanding as of December 31	11,169	3.94		4,848	5.20
Options exercisable as of December 31	4,457	4.18		1,217	5.20

The weighted average fair values at the measurement dates of the share options granted for the years ended December 31, 2023 and 2022 were $1.76 and $3.03, respectively. The weighted average share prices at the dates of exercise of the share options exercised for the years ended December 31, 2023 and 2022 were nil and $5.26, respectively. The ranges of exercise price of

the share options outstanding as of December 31, 2023 and 2022 were $3.00 - $5.20 and $5.20, respectively. The share options outstanding as of December 31, 2023 and 2022 had weighted average remaining contractual lives of 9.18 years and 9.6 years, respectively.

The fair values of share options on the grant dates were derived from the Binomial Model. The inputs to the model were as follows:


	Share Options Granted in August 2023			Share Options Granted in May 2023			Share Options Granted in August 2022
Weighted average share price (in U.S. dollars per share)	$	3.01		$	2.94		$	5.20
Weighted average exercise price (in U.S. dollars per share)	$	3.01		$	3.00		$	5.20
Expected volatility	64.22		%	64.87		%	65.50		%
Option life (in years)	10.0			10.0			10.0
Expected dividend yield	—		%	—		%	—		%
Risk-free interest rate	4.25		%	3.61		%	2.86		%
Expected early exercise multiple	2.2			2.8			2.2

Material Accounting Policy Information

12 Months Ended

Dec. 31, 2023

Summary Of Significant Accounting Policies [Abstract]

MATERIAL ACCOUNTING POLICY INFORMATION

a.Basis of preparation

The consolidated financial statements are presented in thousands of U.S. dollars and all values are rounded to the nearest thousand dollars, except where otherwise indicated.

Compliance with IFRSs

Basis of accounting

The consolidated financial statements, except for cash flow information, have been prepared using the accrual basis of accounting.

i.Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities

ii.Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly

iii.Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data

Current/non-current distinction

Current and non-current assets, and current and non-current liabilities, are presented as separate classifications in the consolidated statement of financial position.

An asset is classified as current when:

•it expects to realize the asset, or intends to sell or consume it, in its normal operating cycle

•it holds the asset primarily for the purpose of trading

•it expects to realize the asset within twelve months after the reporting period; or

•the asset is cash or a cash equivalent unless the asset is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.

A liability is classified as current when:

•it expects to settle the liability in its normal operating cycle

•it holds the liability primarily for the purpose of trading

•the liability is due to be settled within twelve months after the reporting period

•it does not have the right at the end of the reporting period to defer settlement of the liability for at least twelve months after the reporting period.

All other assets and liabilities are classified as non-current.

b.New and amended IFRSs that are effective for the current year

c.New and amended IFRSs in issue but not yet effective


New IFRSs						Effective Date Announced by IASB
Amendments to IFRS 10 and IAS 28 “Sale or Contribution of Assets between an Investor and its Associate or Joint Venture”						To be determined by IASB
Amendments to IAS 1 “Classification of Liabilities as Current or Non-current”						January 1, 2024
Amendments to IAS 1 “Non-current Liabilities with Covenants”						January 1, 2024
Amendments to IAS 7 and IFRS 7 “Supplier Finance Arrangements”						January 1, 2024
Amendments to IFRS 16 “Lease Liability in a Sale and Leaseback”						January 1, 2024
Amendments to IAS 21 “Lack of Exchangeability”						January 1, 2025

The Company does not expect that the application of the above standards and interpretations will have a material impact on the consolidated financial statements of the Company in future periods.

d.Basis of consolidation

•has the power over the investee

•is exposed, or has rights, to variable returns from its involvement with the investee

•has the ability to use its power to affect its returns

Gogoro reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control listed above.

•the size of the Company’s holding of voting rights relative to the size and dispersion of holdings of the other vote holders

•potential voting rights held by the Company, other vote holders or other parties

•rights arising from other contractual arrangements

Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with the Company’s accounting policies.

All intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between the entities of the Company are eliminated on consolidation.

Details of each Company’s subsidiary at the end of the reporting period are as follows:


			% of Ownership
			December 31
Investor	Investee	Principal Activities	2023	2022
Gogoro Inc.	Gogoro Taiwan Limited	Manufacture and research and development of electric scooters and bikes	100.00	100.00
	Gogoro Network	Provision of energy services to consumers using battery swapping system	100.00	100.00
	Gogoro Europe B.V. (Note i)	Holding company	—	100.00
	Gogoro Network Pte. Ltd.	Holding company	100.00	100.00
	GoShare Pte. Ltd.	Holding company	100.00	100.00
	Starship Merger Sub II Limited (Note ii)	Holding company	—	100.00
	Gogoro Network Infrastructure Pte. Ltd. (Note iii)	Holding company	100.00	—
Gogoro Taiwan Limited	Gogoro Taiwan Sales and Services Limited	Sale of electric scooters and related products and provision of after-sale services	100.00	100.00
	GoPocket Taiwan Limited	Issuance of reward points	100.00	100.00
	Gogoro Singapore Holding Pte. Ltd.	Holding company	100.00	100.00
GoShare Pte. Ltd.	GoShare Taiwan Limited	Provision of electric scooters free float sharing services	100.00	100.00
Gogoro Network Pte. Ltd.	Gogoro B.V.	Holding company	100.00	100.00
	Gogoro Network B.V.	Holding company	100.00	100.00
	Rui Li Trading (Shanghai) Limited (Note iv)	Holding company	—	—
	Gogoro India Private Limited	Manufacture and sale of electric scooters and related products and provision of after-sale services	100.00	100.00
Gogoro Singapore Holding Pte. Ltd.	Gogoro Europe Sales and Services B.V.	Sale of electric scooters and related products	100.00	100.00
	Rui Yi Trading (Shanghai) Limited	Holding company	100.00	100.00

i.Gogoro Europe B.V. was approved to dissolve its business in November 2020. The liquidation was completed in February 2023.

ii.Starship Merger Sub II Limited was incorporated as an exempted company with limited liability under the laws of Cayman Islands in August 2021 and was merged with Gogoro Inc. in April 2023.

iii.Gogoro Network Infrastructure Pte. Ltd. was incorporated as a private company limited by shares under the laws of Singapore in October 2023.

iv.Rui Li Trading (Shanghai) Limited had no paid-in capital as of December 31, 2022 and 2023.

e.Investments in associates

f.Foreign currencies

g.Inventories

h.Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is recognized to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method.

The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

i.Intangible assets

Intangible assets acquired separately

Derecognition of intangible assets

Impairment of intangible assets

Intangible assets with an indefinite useful life are tested for impairment at least annually and whenever there is an indication at the end of a reporting period that the asset may be impaired.

j.Financial instruments

Financial assets and financial liabilities are recognized in the Company’s statement of financial position when the Company becomes a party to the contractual provisions of the instrument.

Financial assets

All recognized financial assets are measured subsequently in their entirety at either amortized cost or fair value, depending on the classification of the financial assets.

i.Cash and cash equivalents

ii.Classification of financial assets

Debt instruments that meet the following conditions are measured subsequently at amortized cost:

•The financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows; and

•The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

Financial assets at amortized cost

The effective interest method is a method of calculating the amortized cost of a debt instrument and of allocating interest income over the relevant period.

iii.Foreign exchange gains and losses

iv.Impairment of financial assets

Significant increase in credit risk

In particular, the following information is taken into account when assessing whether credit risk has increased significantly since initial recognition:

•existing or forecast adverse changes in business, financial or economic conditions that are expected to cause a significant decrease in the debtor’s ability to meet its debt obligations;

•an actual or expected significant deterioration in the operating results of the debtor;

•significant increases in credit risk on other financial instruments of the same debtor; and

•the financial instrument has a low risk of default;

•the debtor has a strong capacity to meet its contractual cash flow obligations in the near term; or

•adverse changes in economic and business conditions in the longer term may, but will not necessarily, reduce the ability of the borrower to fulfill its contractual cash flow obligations

The Company considers a financial asset to have low credit risk when the counterparty has no past due amounts.

Definition of default

•when there is a breach of contracts by the debtor; or

Credit-impaired financial assets

•significant financial difficulty of the debtor;

•a breach of contract, such as a default or past due event;

•it is becoming probable that the debtor will enter bankruptcy or other financial reorganization.

Write-off policy

Measurement and recognition of expected credit losses

Company’s understanding of the specific future financing needs of the debtors, and other relevant forward-looking information.

The Company recognizes an impairment gain or loss in profit or loss for all financial instruments with a corresponding adjustment to their carrying amount through a loss allowance account.

v.Derecognition of financial assets

Equity instruments

Financial liabilities

All financial liabilities are measured subsequently at amortized cost using the effective interest method or at fair value through profit or loss (“FVTPL”).

i.Subsequent measurement

Financial liabilities at FVTPL

Financial liabilities are classified as at FVTPL when the financial liability is:

•contingent consideration of an acquirer in a business combination;

•held for trading; or

•it is designated as at FVTPL.

A financial liability is classified as held for trading if either:

•it has been acquired principally for the purpose of repurchasing it in the near term;

•on initial recognition it is part of a portfolio of identified financial instruments that the Company manages together and has a recent actual pattern of short-term profit-taking; or

•it is a derivative, except for a derivative that is a financial guarantee contract or a designated and effective hedging instrument.

•such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise;

•it forms part of a contract containing one or more embedded derivatives, and IFRS 9 permits the entire combined contract to be designated as at FVTPL.

Financial liabilities at amortized cost

ii.Foreign exchange gains and losses

iii.Derecognition of financial liabilities

k.Provisions

the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows when the effect of the time value of money is material.

Warranties

l.Revenue recognition

Revenue from sales of hardware

Revenue from battery swapping service

Service revenue

m.Leases