Friday, 24 March, 2023

Ola Electric acquires Amsterdam-based E-vehicle startup Etergo

<p>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&rsquo;s technical and design abilities. The firm hasn&rsquo;t revealed the deal price yet.&nbsp;</p>