TAIPEI (Taiwan News) — Electric scooter company Gogoro said Tuesday it expects 2025 revenue of NT$8.39 billion to NT$8.85 billion (US$270 million to US$285 million) and is developing a lower-cost battery with improved energy density, per CNA.

The announcements accompanied the company’s third-quarter results, which said Gogoro generated more than NT$798 million in operating cash flow year to date, roughly double the figure from the same period last year. The company also said it will bring three new scooter models to market next year.

In a conference call with investors on Tuesday, Gogoro said it is on track to break even in 2026 with its energy business, achieve positive free cash flow for energy services in 2027, and break even with the vehicle business in 2028, per the report.

Meanwhile, the company reduced its Q3 net loss by 18% from a year earlier, reporting a net loss of about NT$464 million for the quarter. Revenue in Q3 from battery swaps, energy services, and vehicle sales grew to roughly NT$1.21 billion.

The gains come on the back of better efficiency, cost control, and capital use, according to the company.