SoftBank-backed Ola buys Dutch electric scooter company Etergo

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SoftBank-backed Ola buys Dutch electric scooter company Etergo
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SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally ...

SoftBank Group-backed Indian ride-hailing company Ola will acquire Amsterdam-based electric scooter company Etergo as part of its plan to locally build electric vehicles , the company said on Wednesday.

Ola did not disclose the amount for which it will acquire Etergo, which was last valued at around 84 million euros , according to a source familiar with the deal.Etergo's scooters use swappable, high energy density batteries that give it a range of up to 240 km.

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