Ola Acquired Etergo, Will Launch Own Electric Two-Wheeler in India 2021



Ola is famous for its Online Cab Service in India. Ola Cabs will now also offer Electric Two-Wheelers in India from 2021. Ola Cab has acquired the Amsterdam based company Etergo, an OEM electric scooter manufacturer.


Etergo electric scooters are known for their state of the art electric scooters which has won many awards in recent times. The company aims to use AppScooter design and engineering capabilities to build its own smart electric two-wheeler for global and domestic markets. Ola Electric is currently running several pilots to deploy electric vehicles and charging solutions across cities with a focus on 2 and 3 wheelers and looks to launch its first two-wheeler in 2021 in the country.


Ola electric feel that the electric automobile industry will have a huge demand after the COVID-19 Pandemic. Etergo's energy scooters come with a swappable high energy battery that delivers a range up to 240 Km on a full charge. Etergo claims that their AppScooter cam goes to speed up to 45 Kmph from standstill in 3.9 seconds.


The Appscooter has a digital coloured display touchscreen for accessing apps and navigation. It also comes with a large 50-litre storage facility. Ola looks to leverage from this award-winning AppScooter technology and builds its own smart two-wheeler to ply on Indian and global roads.


The company is working with the country's leading power distribution companies for developing a viable electronic vehicle ecosystem through the establishment of Battery Swapping and Charging Stations in New Delhi. To recall, Tiger Motors, Matrix Partners, and even Rata Tata have invested in Ola Electric.


Meanwhile, Ola has suffered greatly during the lockdown. The company has had to let go of 1,400 employees after it saw a 95 per cent drop in its revenues over the past two months due to the pandemic.



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