Collin Arocho
27 May 2020

Less than a year after Etergo announced it would be manufacturing its electric scooters in Emmen, the Amsterdam-based company has found a new home. The EV manufacturer will now reside within India’s ride-hailing company Ola. With backing from Softbank, Ola purchased Etergo, for an undisclosed amount, as it looks to expand its portfolio to include locally produced electric vehicles.

Credit: Etergo

According to Ola, the company will start EV production this year with the launch of its first electric scooter penned for 2021. “The company aims to build a suite of electric and smart urban mobility solutions in India and around the world,” says Bhavish Aggarwal, founder and chairman. “The future of mobility is electric, and the post-COVID world presents an opportunity for us to accelerate the adoption of electric mobility globally.”