Ola Electric Acquires Amsterdam's Etergo BV, Plans Global Launch Of Two-Wheeler
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India, May 27 -- Bengaluru-based cab aggregator Ola's electric mobility unit Ola Electric has acquired Amsterdam-based Etergo BV for an undisclosed amount. Post-acquisition, Etergo's team will continue to be based out of Amsterdam as they join Ola Electric.
Along with this, Ola said it will launch into the premium electric two-wheeler market, both in India and globally. It will leverage Etergo's design and engineering capabilities to build its smart electric two-wheeler product. Ola Electric aims to launch its global electric two-wheeler in India in 2021.
Founded in 2014 by Bart Jacobsz Rosier and Marijn Flipse, Etergo has developed an all-electric state-of-the-art AppScooter. First revealed in 2018, the AppScooter uses swappable high e...
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