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Taiwanese Startup Gogoro in Merger Talks With Poema SPAC

  • Deal could value battery-swapping firm at $1 billion or more
  • Gogoro’s previous backers include Temasek, Panasonic, Engie
A woman removes a Gogoro Inc. battery from a charging station in Taipei.
A woman removes a Gogoro Inc. battery from a charging station in Taipei.Photographer: Billy H.C. Kwok/Bloomberg
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Gogoro, a Taiwanese startup that specializes in battery-swapping technology, is in talks to go public through a merger with Poema Global Holdings Corp., a blank-check firm, according to people with knowledge of the matter.

The deal is set to value the combined company at $1 billion or more, the people said, asking not to be identified as the information is private. An announcement could come as soon as this week, they said. Terms may change and, as with any deal that isn’t finalized, it’s possible that talks could fall through.