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According to a joint announcement, Castrol, a global leader in lubricants and part of the oil giant BP, today announced an investment of up to US$50 million in Gogoro, a global technology leader in battery-swapping ecosystems.

The first tranche of the investment will see Castrol invest US$25 million to receive 5.72% of Gogoro’s outstanding ordinary shares, followed by an anticipated second US$25 million investment in the form of a convertible note.

The move marks Castrol’s first step to unlock new diversification opportunities beyond its core lubricants and fluids business under its new ‘Onward, Upward, Forward’ strategy.

Many people know Gogoro from the brand’s high-tech electric scooters, but Gogoro is perhaps better described as an energy company. In addition to its often lauded electric scooters, Gogoro’s main product is its battery swapping standard, which includes nearly two million electric vehicle batteries produced and hundreds of millions of battery swaps to date.

Gogoro has also targeted its own global expansion at countries with high rates of scooter and motorcycle ownership, often in areas where two-wheeled vehicles outnumber cars.

“Two-wheelers are a critical part of our global product portfolio and as our customers transition to electric two-wheelers the Castrol brand has an important role to play in the eco-system,” said Michelle Jou, CEO Castrol. “Gogoro is a global leader in two-wheeler battery swapping and our investment in Gogoro is a strategic step towards diversifying our portfolio, remaining relevant in our customers’ lives, embracing new opportunities to future-proof our iconic 125-year-old brand and to create additional value for our shareholders.”

It’s no secret that Big Oil is investing heavily in electric vehicles, or more accurately, in the infrastructure that supports them. The writing has clearly been on the wall for years, and these global oil companies have the cash to throw around to ensure they stay heavily invested in the energy economy, regardless of the type of energy.

This is just the latest example, seeing BP’s subsidiary Castrol making a major play for a share of electric scooter battery swapping giant Gogoro. While battery swapping has had a hit-or-miss history among electric cars, much more prevalent electric scooters and motorcycles have shown worldwide success with battery swapping. Taiwan’s Gogoro is seen as the industry leader by far, touting hundreds of millions of battery swaps under its belt so far.

“Gogoro’s proven battery swapping platform and smart electric two-wheeler vehicles have demonstrated how cities can be transformed when given access to smart, sustainable and convenient portable power. This investment by Castrol is a testament to this success and enables us to expand even faster,” said Horace Luke, Founder and CEO of Gogoro.

I had the chance to use several Gogoro GoStations to swap batteries in my electric scooters in Taipei

I recently visited Taiwan, where I had the opportunity to test several Gogoro electric scooters and make ample use of the distributed battery-swapping stations during several days of riding around the island.

While touring the company’s scooter and battery factories, Horace Luke shared with me how critical the company’s production methods are to maintaining quality at scale. The robotically operated battery factory precisely produces Gogoro’s batteries without any human hands involved, rapidly churning out batteries to power not only its own scooters but also those built by nearly a dozen other companies creating vehicles to fit Gogoro’s battery standard.

Now, with a major investment from Castrol and several other significant recent partnerships, Gogoro looks set to supercharge the company’s impressive growth and international expansion.

Electrek’s Take

It’s pretty obvious that oil money is headed deeply toward electrification. While there’s a lot to unpack about where that money comes from, the fact that it is now going towards systems that can rapidly shift industries away from polluting forms of transportation is a major win for society (and for all of our lungs).

I think this also speaks to part of Gogoro’s game plan, especially with the several recent global expansions and partnerships. The company’s business model is based on scale, and it needs to invest and expand into large two-wheeler markets to make its battery-swapping as successful as it has been in major markets like Taiwan. This kind of funding can get it there more quickly, and it also shows that Big Oil sees the potential in two-wheeler battery swapping.

I also just received a company-wide email that Horace sent to all employees, which revealed more insight into the Gogoro CEO’s mindset as well as the scope of the partnership. “This announcement is the first step in a partnership between our companies that will modernize energy for two and three wheel mobility in the future. This investment and partnership from a global industry leader like bp Castrol is a clear recognition of our technology and business innovation and how Gogoro’s vision is shaping the future of mobility,” Horace wrote. “Gogoro battery swapping and vehicle innovation have the digitization and usability to play an important role in bp and bp Castrol’s transition from being a leading oil company to being a leading integrated energy company.”

I believe that’s exactly right, and this could be a great win-win for both companies, with the rest of us benefitting from a cleaner world to live in. And since Horace described this as just a “first step,” I’m eager to see what could be coming next.

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Ride1Up Vorsa review: An affordable, do-everything e-bike for the masses

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Ride1Up Vorsa review: An affordable, do-everything e-bike for the masses

Ride1Up has carved out a name for itself in the e-bike world by delivering sleek, well-equipped electric bikes that punch well above their price tag. Their latest model, the Ride1Up Vorsa, takes that formula and beefs it up into something more versatile… literally.

The Vorsa is Ride1Up’s answer to the growing demand for SUV-style e-bikes – those do-it-all electric rides that can handle your commute, your grocery runs, your kid-hauling trailer, and your backroad detours without flinching. And at $1,595, the Vorsa might just be the most affordable ticket into that category right now – at least for an e-bike that still includes a pile of interesting and high-value tech features.

To see what I mean, check out my video review of the Ride1Up Vorsa below. Then keep reading for the full details on this highly versatile ride.

Ride1Up Vorsa video review

Ride1Up Vorsa Tech Specs

  • Motor: 750W and 95Nm rear hub motor
  • Top speed: 28 mph (45 km/h) on pedal assist or 20 mph (32 km/h) on throttle
  • Range: 30-60 miles (48-96 km)
  • Battery: 48V 15Ah (720Wh) UL-certified with Samsung 50GB cells
  • Weight: 65 lb (29.5 kg)
  • Load Capacity: 440 lb (200 kg)
  • Frame: Aluminum alloy 6061
  • Brakes: Star Union hydraulic dual-piston disc brakes on 203 mm (front) and 180 mm (rear) rotors
  • Extras: Shimano Acera 8-speed derailleur, new highly-detailed color LCD display, two frame styles of step-over and step-thru, semi-integrated rear rack with optional rack extender, and a wide range of other accessories
  • Price: $1,595

Goes anywhere, does almost anything

E-bikes are getting more versatile, but the Vorsa takes versatility to the extreme.

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This is already a powerful e-bike capable of 28+ mph Class 3 speeds (though ships out of the box with a Class 2 setting of 20 mph) from its 750W motor capable of a heart-thumping 95 Nm of torque. That means its a fast hill climber and ready for just about any challenge that a high-performance e-bike should be.

But then, on top of that, the bike’s design allows it to tackle very different styles of riding, from cargo needs with its semi-integrated rear rack to touring and trekking style rides with its 27.5×2.6″ Schwalbe touring tires.

That means the same e-bike you use to take the kids to school at in the morning can transform into your commuter bike to work and then into your single-track bike for weekend recreational riding.

And with a 720 Wh battery (UL-compliant, no less), you’ll have plenty of charge to do all of those things in the same day!

It’s par for the course at Ride1Up, something I learned when touring their factory last year and seeing firsthand just how important a combination of quality, practicality, and affordability are to the company. It’s obvious that the folks at Ride1Up want to give us riders as much battery, as much performance, and as much versatility as they can while keeping the price reasonable.

Packed with tech, but only the good stuff

It’s fun to see more tech enter the e-bike space, but some companies don’t seem to understand that more isn’t always better. It’s only a net benefit to me if it’s stuff I’ll actually use. Ride1Up has eschewed smartphone apps and other things that don’t add much usability and has now given us the stuff that actually matters.

For example, the new display on the Vorsa is much more involved, with more than just a higher-resolution color display. It shows metrics that actually mean something to me, like how much time I spend in different riding modes. This helped remind me to not only use the highest power modes but also drop the pedal assist down a few notches for more exercise.

There’s also built-in Apple FindMy tracking now, which is a HUGE added value for me. It’s not a guarantee that you’ll get your bike back if it’s stolen, but it’s a major headstart in recovering it. It may not be as helpful for you Android phone users out there, but for us iPhone folks who are held captive by Apple’s golden handcuffs, it’s a great system for finding just about anything, especially your e-bike. From my phone, I can see where my Vorsa is, and I can find it if someone tries to abscond with it.

Then there’s the new torque sensor from MiVice, which is honestly one of the most responsive torque sensors I’ve ever had the pleasure of pedaling. It’s fast, and it feels like my legs are just extra strong that day. Throttle-only riders won’t really benefit from it, and in fact may want to use the sensor selector option to put the bike back in cadence sensor mode to enable more of a ‘foot throttle’ feel, but most of us will prefer the torque sensor because of how impressively dialed in it feels.

Hardware design

That technology is nice, but it needs to complement good hardware, not replace it. In this case, the design of the Ride1Up Vorsa complements the tech, adding versatility and value without jacking up the price.

The semi-integrated rack is a really cool design that helps the bike achieve its 440-lb weight capacity. There’s even a rack extender that helps turn the bike into a longtail cargo bike, even if that tail sticks out in a slightly funny way.

Then there are the other nice upgrades over the usual suspects we see on $1,500-range electric bikes. Instead of plastic fenders, we get nice metal alloy fenders that look and feel better quality. Instead of a cheap 7-speed Shimano Altus derailleur, we get a nicer 8-speed Shimano Acera derailleur. Instead of a basic suspension fork, we get a longer travel 100mm fork. Instead of a compliance stem, we get an adjustable stem to dial in the handlebar angle to our liking. You name it, the upgrades are there.

The LED lighting, including the fender integrated lights, is also clearly higher quality than you’d expect on a value e-bike, making this an even higher value.

What’s not to like?

Don’t get me wrong, the Ride1Up Vorsa is great. It sets a new high watermark in what can be delivered at this price, especially considering the rampant inflation in e-bike prices brought on by new tariffs. But I can always complain about something, and so why stop now?

The Ride1Up Vorsa brings us a lot of cool tech and new hardware, but it comes at a cost, and that cost is weight. At 65-70 lb, depending on how many of the cool add-ons you install, the bike isn’t lightweight. You’ve got chunkier tires, a bigger battery, a more powerful motor, a more robust frame, a larger fork, metal fenders, and other parts that all add to the weight.

Next, Ride1Up has again played it incredibly conservatively with the color options. Your typical dark gray is there, then you get a fairly nice blue, and lastly, you’ve got a slightly confusing two-tone sage grayish-green option. There are no bright colors to choose from, which isn’t a departure for Ride1Up, but still a bit disappointing to me. Go wild, guys! Throw caution to the wind! Hit me with some color someday!

And lastly, Ride1Up continues to ship in smaller boxes that require the fork to be installed by the owner. This isn’t a complicated task when you’ve done it 100 times like it’s your job, which it is for me. But most people have done this zero times, and the ones who have can probably count the instances on one hand. This is an essential step in bike assembly and one that has very little margin for error, so most new owners would be advised to have a bike shop do it if they aren’t comfortable following Ride1Up’s clear and welcomed assembly video.

So I have my complaints like normal, but none are insurmountable. And to be honest, at $1,595, the price is so fair that I can overlook the limited color options and the longer at-home assembly. When it comes to the weight, that’s just the price we riders pay to have more performance and features included in our bikes.

I absolutely recommend the Ride1Up Vorsa to anyone looking for a ‘normal’ style e-bike (i.e., not a folder or a moped) but who wants the versatility to head in highly divergent directions, including everything from cargo hauling to recreational riding and daily commuting. It’s a winner and they stuck the landing on the Vorsa.

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Ford has a new plan to win over EV buyers overseas: Free chargers and other perks

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Ford has a new plan to win over EV buyers overseas: Free chargers and other perks

Ford is sweetening the deal for EV buyers in the UK with free home chargers and more, just as its best-selling car, the Puma, gets an electric upgrade. The new incentives are part of Ford’s push to boost EV sales and gain market share overseas.

Ford is giving free EV chargers to buyers in the UK

The “Ford Power Promise” was initially launched in the US last October. It includes a free Level 2 home charger with any Ford EV purchase, including the Mustang Mach-E and F-150 Lightning.

Ford will also cover the cost of standard installation, along with some other goodies to sweeten the deal, like 24/7 live EV support, roadside assistance, and an 8-year, 100,000-battery warranty.

The American automaker is now extending the offer as it looks to win back market share overseas. On Tuesday, Ford launched the Power Promise in the UK to help make owning an EV easier.

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Ford’s promo includes a free wall box home charger (with standard installation), an up to 10,000-mile home energy bonus, and an 8-year and 100,000-mile battery warranty.

Other incentives include a free five-year service plan, free five-year towing assistance, and access to over 33,000 public charging stations across the UK through Ford’s Blue Oval Charge Network.

Ford-electric-Puma-Gen-E
Ford electric Puma Gen-E (Source: Ford)

Saving time and money

The offer is available across Ford’s EV lineup, including the new electric Puma Gen-E. Ford’s electric car lineup in the UK includes the Explorer Electric, Mustang Mach-E, Capri EV, E-Tourneo Custom, E-Tourneo Courier, and the new electric Puma. If you already have a home charger, you can opt for a £500 ($650) cash bonus.

Ford-free-EV-charger-UK
Ford’s electric vehicles in Europe from left to right: Puma Gen-E, Explorer, Capri, and Mustang Mach-E (Source: Ford)

Ford EV buyers will also benefit from its partnership with Octopus Energy, the UK’s largest energy supplier. Using “Intelligent Octopus Go,” you can save up to 70% on energy costs by charging overnight (7p/kWh).

According to Ford, charging the new electric Puma Gen-E can cost as little as £3.23, or less than $5. Ford launched the Puma Gen-E, the EV version of its best-selling car in Europe, starting at just €36,900 ($38,800) in December. In the UK, the Puma Gen-E Select starts at £30,795 ($39,300).

Ford-free-EV-chargers-offer
(Source: Ford)

Since launching the program, Ford has extended the offer to Canada. In the US (and Canada), Ford’s Power Promise runs until June 30, 2025.

According to Ford’s research, the 2025 Mustang Mach-E eAWD extended-range battery can save $26 compared to filling up a gas tank. The 2025 Ford F-150 Lightning Lariat could save you up to $55 compared to a similar pickup.

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Solar is about to get hit with tariffs, but stockpiles give buyers opportunities

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Solar is about to get hit with tariffs, but stockpiles give buyers opportunities

The US solar industry is used to tariffs, but President Trump’s latest round of tariffs is still expected to wreak havoc, like in many other sectors.

But homeowners still have time to go solar, thanks to developers building solar panel stockpiles in the US.

During his first term, President Trump imposed many tariffs that affected the US solar industry.

Since then, the industry has adapted with some domestic solar module manufacturing, but most solar products still come from overseas. Chinese manufacturers moved some of their factories to other Asian countries to adapt, but now Trump’s sweeping tariffs also target those countries, like Vietnam.

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But solar developers, who have experience with tariffs, have been savvy enough to build stockpiles of solar panels in the US over the last year.

Some estimates put the current stockpile at 50 gigawatts, which is roughly what the US deployed last year. However, 50 GW does not include all the solar energy deployed in the US last year, residential, commercial, and utility-scale, and most of the stockpile is estimated to be equipment for rooftop solar.

Tariffs coming into effect tomorrow will certainly impact the industry, but the stockpiles are likely to reduce the impact and give homeowners more time to go solar this year without price increases or with smaller price increases.

The timing is good as US homeowners are increasingly turning to solar to reduce their energy costs, which are also expected to increase.

The trade wars started by Trump are increasing the electricity rates in states that get electricity from Canada.

The President is also expected to sign a new executive order boosting the nation’s coal industry this week. The order is expected to involve reductions in environmental requirements to help save coal plants due for retirement.

However, most coal plants are being retired because they are uncompetitive, not because of environmental concerns.

In addition to tariffs on solar panels and inverters imported from overseas, the new tariffs are expected to greatly increase the cost of home energy storage, which is often installed with rooftop solar power systems.

We previously reported that home battery packs, like Tesla’s Powerwall, use battery cells from China, which is about to be hit with massive new tariffs.

If you are interested in going solar, now is the time, and we suggest using EnergySage. It’s a free service that will enable you to get quotes and compare them without any hassle, and you only talk to someone when you are ready to move forward with your project. They work with a great number of solar installers and help you get the best price.

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