Ola Electric acquires Amsterdam-based e-scooter firm Etergo

- Aug 12, 2020-

New Delhi: Ola Electric Mobility on Wednesday announced the acquisition of Etergo BV, an electric scooter OEM, based out of Amsterdam, the Netherlands.

With this acquisition, the company is all set to enter the premium electric two-wheeler market, both globally and nationally. Ola Electric will be leveraging Etergo's design and engineering capabilities to build its smart electric two-wheeler for both markets, informs the company.

Ola Electric aims to launch its global electric two-wheeler in India in 2021.

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