SoftBank-backed Ola Electric acquires Dutch scooter company Etergo

SoftBank-backed Ola Electric acquires Dutch scooter company Etergo

REUTERS/Aditi Shah/Files

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