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Oil-Maker Castrol Makes $50M Investment In Moto Battery-Swapping Company

Castrol Gogoro Oil

The Quickshift

  • The shift to electric has seen oil and gas companies invest in diversification to maintain relevance in a changing industry.
  • The latest to hop aboard this trend is Castrol, with the company announcing a $50 million investment in Taiwanese e-mobility firm Gogoro.
  • Gogoro is one of the pioneers of the battery-swapping industry, and has taken a majority of the Asian market by storm in recent years.
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