Ola Electric Acquires Electric Scooter Startup Etergo; Will Launch Electric Scooter Next Year
Ola Electric Acquires Electric Scooter Startup Etergo; Will Launch Electric Scooter Next Year Ola Electric has today acquired Amsterdam-based electric scooter startup Etergo, popularlyknown for its AppScooter. The acquisition is part of Ola’s plans to enter the premium electric two-wheeler market. Although the company did not reveal the financial details of the deal,Etergo was valued at around $90 million last year. Despite the acquisition, Etergo’s team will continue to be based out of Amsterdam....