Announced
Financials
Sources
Tags
Netherlands
automobile industry
Majority
Friendly
electric vehicles
Private
Automobiles
electric scooters
Single Bidder
transportation services
Acquisition
Pending
Synopsis
SoftBank-backed Ola Electric, an electric vehicle services provider, agreed to acquire Etergo, an innovative electric scooter OEM. Financial terms were not disclosed. “Ola is one of the world’s most admired mobility companies and has led the way for many innovations in the space, including its bold ambition for electric mobility. We are looking forward to joining Ola Electric and together, reimagining electric mobility to transform the way the world moves!” Bart Jacobsz Rosier, Etergo Co-Founder & CEO.
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