Current Affairs PDF Sales

Ola Electric acquires AppScooter maker Etergo, to launch 2-wheeler EV in India in 2021

AffairsCloud YouTube Channel - Click Here

Ola Electric acquires scooter-maker EtergoOla Electric acquired the Netherlands-based Etergo BV, an innovative electric scooter company for an undisclosed sum, as the former has planned to set its own line of premium electric two-wheelers, both globally and nationally.

  • Ola electric will launch its global electric two-wheeler in India in 2021. 
  • It aims to build a suite of electric and smart urban mobility solutions for citizens with a focus on two and three wheelers.

Key Points:

Etergo BV has developed an all-electric state-of-the-art AppScooter, which has won multiple awards across the world for its innovative design and engineering. It uses a swappable, high energy battery that delivers a range of up to 240 km (149 miles).

-Ola Electric is working with India’s leading power distribution companies for developing a conducive Electric Vehicle (EV) ecosystem through the establishment of battery swapping and charging stations in New Delhi which will further extend across the country. 

-It should be noted that in 2019, Ola electric gained the unicorn status. A unicorn is a privately held startup company valued at over $1 billion.

About Ola Electric:
Chairman– Bhavish Aggarwal
Headquarter– Bengaluru, Karnataka

About Etergo BV:
Co-founder and CEO– Bart Jacobsz Rosier
Headquarter– Amsterdam, Netherlands