Gogoro Founder Lu Xuesen Disappears Amid Debt, Yen Yanliang Pursues NT$150 Million Cross-Border Compensation

According to Minbao, RunTai Group President Yin Yanliang is currently pursuing cross-border legal action to recover assets belonging to Gogoro founder Lu Xuesen in the United States, attracting significant market attention. The case stems from Lu Xuesen’s failure to repay approximately NT$150 million (about US$4.62 million) in principal and interest on a loan, which required Yin Yanliang, as a joint guarantor, to settle the debt legally. Yin has authorized a legal team to file for cross-border evidence collection in the Southern District of New York Federal Court, requesting local financial institutions to investigate Lu Xuesen’s assets.

Once a shining star of Taiwan, Lu Xuesen founded Gogoro and listed in the U.S.

Lu Xuesen previously worked at major tech companies such as Microsoft and HTC, with a strong background in product innovation. In 2011, he founded Gogoro, revolutionizing the two-wheeled vehicle market with an innovative battery swapping system. Under his leadership, Gogoro successfully went public in the U.S. in 2022 through a Special Purpose Acquisition Company (SPAC), earning recognition as Taiwan’s “Bright Star” on the international stage. However, in 2024, Gogoro faced supply chain origin disputes, and Lu Xuesen resigned from his core management position.

Yin Yanliang guarantees Lu Xuesen’s loan to buy Gogoro shares

Yin Yanliang’s relationship with Lu Xuesen began at Gogoro’s inception. As a key angel investor, Yin provided substantial funding through RunTai Group, laying the foundation for early R&D and operations. Their trust extended to personal financial matters. In 2017, Lu Xuesen applied for a loan of about US$5.49 million (approximately NT$170 million) from Mega International Bank via an overseas company to purchase Gogoro shares, with Yin Yanliang acting as a joint guarantor.

Unexpectedly, Mega Bank later contacted Yin Yanliang, revealing that Lu Xuesen had unpaid principal and interest totaling up to US$4.62 million (about NT$150 million). As the guarantor, Yin had to pay the amount to protect his reputation.

In financial practice, a joint guarantor bears the same repayment responsibilities as the primary debtor. This intertwining of institutional investment and founder’s personal leverage also laid the groundwork for future financial risks.

Discontent with Lu Xuesen’s disappearance, Yin Yanliang investigates assets across borders

In early 2026, Yin Yanliang filed a petition with a U.S. court, requesting specific financial institutions to provide information on Lu Xuesen’s accounts and Gogoro share transfer data. In the petition, Yin described how he had exhausted all channels but could not locate Lu Xuesen. Legal experts believe Yin suspects Lu Xuesen is attempting to transfer assets to evade debt. This move aims to freeze every penny Lu Xuesen has in the U.S. before a Taiwanese court ruling is issued.

This article about Gogoro founder Lu Xuesen’s disappearance and Yin Yanliang’s cross-border pursuit of NT$150 million debt first appeared on Lian News ABMedia.