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Ola Electric acquires Etergo, looks to launch electric scooters in India by 2021

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BENGALURU: Ola Electric Mobility Pvt Ltd, the electric vehicle arm of Ola, has acquired Amsterdam-based Etergo BV, manufacturer of electric scooters.

With this acquisition, Ola Electric will enter the premium electric two-wheeler market and look to manufacture these scooters.

Founded in 2014, Etergo has developed an all-electric state-of-the-art ‘AppScooter’, which was first revealed in 2018. The AppScooter uses swappable high energy density batteries to deliver a range up to 240km.

Still in the concept stage, Ola plans to bring these electric-scooters on Indian roads by the start of 2021, with manufacturing units set up in the country. "The future of mobility is electric, and the post covid world presents an opportunity for us to

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