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  5. Ola Electric Mobility Pvt Acquires Etergo BV

M&A Deal Summary

Ola Electric Mobility Pvt Acquires Etergo BV

On May 27, 2020, Ola Electric Mobility Pvt acquired automotive company Etergo BV

Acquisition Highlights
  • This is Ola Electric Mobility Pvt’s 1st transaction in the Automotive sector.
  • This is Ola Electric Mobility Pvt’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2020-05-27
Target Etergo BV
Sector Automotive
Buyer(s) Ola Electric Mobility Pvt
Deal Type Add-on Acquisition

Target

Etergo BV

Amsterdam, Netherlands
Etergo BV develops an all-electric state-of-the-art AppScooter, which uses swappable high energy density batteries to deliver a range up to 240km and class-leading acceleration. Etergo was formed in 2014 and is based in Amsterdam, Netherlands.

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Buyer(S) 1

Buyer

Ola Electric Mobility Pvt

Bengaluru, India
Category Company
Founded 2019
Sector Automotive
DESCRIPTION

Ola Electric is working with vehicle and battery manufacturers, cities, driver-partners, and the mobility ecosystem to make electric mobility convenient, dependable, and affordable. Ola Electric was formed in 2019 and is based in Bengaluru, India.

DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2020 M&A 1 of 1
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