A well-funded startup called Gogoro unveiled its electric Smartscooter at CES. The company plans to introduce the e-scooter and its battery stations to urban areas (according to the UN, the number of mega-cities with more than 10 million residents nearly tripled from 1990 to 2014). “The Smartscooter runs on two lithium-ion battery packs that the driver can easily retrieve from under the seat,” explains Smithsonian. “The impressive plan calls for battery charging and swapping stations the size of ATMs that allow drivers to replace in seconds a depleted battery with a charged one.” Co-founder and CEO Horace Luke, former chief innovation officer at HTC, has raised $50M in venture capital from Taiwanese investors and is working on raising a $100 million round. The goal is to provide city transportation that is convenient, clean and cost effective.