SoftBank-backed Ola Electric to acquire Etergo.

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.