PUBLIC availability of two-wheeled electric vehicles with swappable batteries has moved closer after the Ayala Group on Thursday signed a joint venture agreement with Taiwan's Gogoro Inc.

In a disclosure, Ayala Corp. said on Friday that it had signed the agreement along with 917Ventures Inc., a unit of subsidiary Globe Telecom Inc. and Gogoro Inc.'s Gogoro Network Pte Ltd. (Gogoro SG).

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