Ola Electric Mobility (OEM) that received a funding of $250M from Softbank and Rs 400 cr from Tiger Global and Matrix India in 2019 has now acquired an Amsterdam based electric scooter startup, Etergo to launch its own E-scooter in 2021. Etergo uses swappable high energy density batteries to deliver a range of 240 Km. The acquisition will strengthen OEM’s technical and design abilities. The firm hasn’t revealed the deal price yet. 

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