LONDON (dpa-AFX) - Castrol, a provider of automotive lubricants and part of
the BP Plc. (BP.L, BP_UN.TO, BP), on Tuesday announced an investment of up to
$50 million in Gogoro Inc. (GGR), a Taiwanese battery-swapping refueling
platform.

In the first tranche of the investment, Castrol Holdings, an affiliate of
Castrol, will invest $25 million in Gogoro shares, followed by a second $25
million investment in the form of convertible notes.

The first tranche of investment will result in Castrol acquiring around 5.72
percent of Gogoro's shares.

Michelle Jou, CEO of Castrol, said: '...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.'



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