Add-on Acquisition • Automotive

Ola Electric Mobility Pvt Acquires Etergo BV

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

Acquisition Context

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.

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

Target Company

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 Overview 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 Context for Buyer	#
Overall	1 of 1
Sector: Automotive	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Netherlands	1 of 1
Year: 2020	1 of 1

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