Ola Electric acquires Etergo to launch electric two-wheelers in 2021
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Ola Electric Mobility has announced the acquisition of Amsterdam-based electric scooter manufacturer, Etergo today, as it looks to launch its electric two-wheeler in India next year. Following the acquisition, Ola Electric plans to build a sizable fleet of premium electric two-wheeler bikes, both globally and locally. According to the company, the deal will bolster the company’s engineering and design capabilities.