Gogoro SPAC Presentation Deck
Risk Factors
The risks presented below are certain of the general risks related to Gogoro Inc.'s ("Gogoro") business and industry and the proposed transaction and are not exhaustive. The list below is qualified in its entirety by
disclosures to be contained in future filings by Gogoro or by third parties (including Poema Global Holdings Corp. ("Poema" or "PPGH") with respect to Gogoro, with the Securities and Exchange Commission
("SEC"). These risks speak only as of the date of this presentation and we make no commitment to update such disclosure. The risks highlighted in future filings with the SEC may differ significantly from and will be
more extensive than those presented below.
The risks described below are not the only ones we face. Additional risks that we currently do not know about or that we currently believe to be immaterial may also impair our business, results of operations or
financial condition. You should review the investor presentation and perform your own due diligence prior to making an investment in Gogoro, Poema or the surviving company.
Risks Related to Gogoro's Business:
• Gogoro is an early-stage company with a history of losses and expects to
incur significant expenses and continuing losses for the near term.
• Gogoro's forecasts and projections are based upon assumptions, analyses
and internal estimates developed by its management. If these assumptions,
analyses or estimates prove to be incorrect or inaccurate, Gogoro's actual
operating results may differ materially and adversely from those forecasted
or projected.
• If Gogoro fails to execute its growth strategy or manage growth effectively,
its business, operating results and financial condition would be adversely
affected.
• Gogoro's financial results may vary significantly from period to period due
to fluctuations in its operating costs or expenses and other foreseeable or
unforeseeable factors.
• Gogoro may experience delays in launching and ramping the production of
its products and features, or Gogoro may be unable to control its
manufacturing costs.
• Failure to effectively expand Gogoro's sales and marketing capabilities
could harm its ability to increase its customer base and achieve broader
market acceptance of its solutions.
. Gogoro relies on a limited number of vendors, suppliers and
manufacturers. A loss of any of these partners could negatively affect
Gogoro's business, or they may fail to deliver components according to
schedules, prices, quality and volumes that are acceptable to Gogoro, or
Gogoro may be unable to manage these components effectively.
• If Gogoro fails to expand effectively into new markets including India and
the People's Republic of China, its revenues and business may be
negatively affected.
• Gogoro may attempt to acquire new businesses, products or technologies,
or enter into strategic collaborations or alliances, including forming joint
ventures, in locations such as India and the People's Republic of China and
if Gogoro is unsuccessful in such acquisitions or strategic collaborations or
alliances or does not integrate acquired businesses, products,
technologies or employees in these locations, Gogoro may fail to realize
expected benefits from such transactions or such transactions could harm
Gogoro's existing business.
Gogoro's success depends on its ability to develop and maintain
relationships with its partners, including its OEM partners. [NTD: Gogoro to
consider referencing specific partnerships here]
• Gogoro's business is subject to risks associated with construction, cost
overruns and delays, and other contingencies that may arise in the course
of completing installations, and such risks may increase in the future as
Gogoro expands the scope of such services with other parties.
Increases in costs, disruption of supply or shortage of materials, in
particular for lithium-ion cells and metals, could harm Gogoro's business.
• If Gogoro fails to offer high-quality support to the battery swapping
stations and station suppliers, or fails to maintain strong user experience,
its business and reputation will suffer.
• If Gogoro is unable to attract and retain key employees and hire qualified
management, technical, engineering and sales personnel, its ability to
compete and successfully grow its business would be harmed.
Gogoro expects to incur research and development costs and devote
significant resources to developing new products, which could significantly
reduce its profitability and may never result in revenue to Gogoro.
Gogoro may not be able to accurately plan its production based on its sales
contracts, which may result in carrying excess raw material inventory.
. Gogoro may experience issues with battery cells or other components,
which may harm the production and profitability of its energy storage
products.
Gogoro may be subject to declining average selling prices, which may
harm its revenue and gross profits.
• Gogoro's products and services may be impacted by service disruptions,
outages, errors and performance problems. These disruptions, outages,
and other performance problems may result in material and adverse
impacts to Gogoro's business and operations.
. Gogoro's technology could have undetected defects, errors or bugs in
hardware, firmware or software, which could reduce market adoption,
damage Gogoro's reputation with current or prospective customers, and/or
expose Gogoro to product liability and other claims that could materially
and adversely affect its business.
gogoro. Confidential 2021
Gogoro's insurance coverage strategy may not be adequate to protect it
from all business risks.
• Gogoro may choose to or be compelled to undertake product recalls or
take other similar actions.
• Any legal proceedings or claims against Gogoro could be costly and time-
consuming to defend and could harm its reputation regardless of the
outcome.
• Growing Gogoro's customer base depends upon the effective operation of
its mobile applications with mobile operating systems, networks and
standards that Gogoro does not control.
. Gogoro's business will depend on customers renewing their services
subscriptions. If customers do not continue to use Gogoro's subscription.
offerings, its business and operating results will be adversely affected.
Gogoro may be unable to leverage customer data in all geographic
locations, and this limitation may impact research and development
operations.
. Gogoro's battery swapping stations are often located in areas that are
publicly accessible and may be exposed to vandalism or misuse by
customers or other individuals, which would increase Gogoro's
replacement and maintenance costs.
Should Gogoro pursue acquisitions in the future, it would be subject to
risks associated with acquisitions.
• Changes in subscriptions or pricing models may not be reflected in near-
term operating results.
• Gogoro may need to raise additional funds and these funds may not be
available when needed or may be available only on unfavorable terms.
Gogoro is exposed to fluctuations in currency exchange rates.
• Gogoro faces risks related to health pandemics, including the COVID-19
pandemic, which could have a material adverse effect on Gogoro's
business and results of operations.
Gogoro faces strong competition for its products and services from a
growing list of established and new competitors.
6View entire presentation