On 24 August, 2023, 917Ventures, Ayala Corporation and Gogoro SG (The Parties) executed a Joint Venture Agreement to establish a joint venture for the launch of the Gogoro two-wheeled EV battery swapping technology in Metro Manila. The Parties, through Gogoro PH, shall undertake the importation, sale, distribution, operation, management, and maintenance of two-wheeled electric scooters with battery swap technology under the Gogoro brand, battery swapping stations for E-Scooters and after-sales services business relating thereto (including spare parts thereof), which may include the importation and distribution of other E-Scooter brands that are compatible with the battery swapping stations, in the Philippines.