Todays business news, Ola Electric bought Etergo.

Ola Electric Mobility Private Limited has acquired Etergo BV located in Amsterdam, Netherlands. 

Etergo manufactures app-based electric scooters. 

⇛Ola acquisition over Etergo, with this Ola Electric two-wheeler has also announced its foray into the electric two-wheeler market. The value of Etergo is said to be around Rs 700 crore.  Etergo has worked with Tesla, General Motors, Ferrari, Jaguar, and BMW.

⇛Ola Electric aims to offer clean sanitary vehicles in the 10 cores global two-wheeler market and in more than 2 core Indian two-wheeler market. This  Etergo scooter can go up to 240 kilometers once charged. Ola also wants to install a charging network in India, the company is also running a pilot project for this.

⇛Ola is working in collaboration with the leading power distribution companies of India to develop an EV power ecosystem by setting up a charging station in Delhi.

⇛Ola Electric aims to offer clean sanitary vehicles in the 10 cores global two-wheeler market and in more than 2 core Indian two-wheeler market.