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Why did Ola Electric acquire AppScooter-maker, Etergo?

Ola Electric, the EV subsidiary of ride-hailing giant Ola, has acquired Amsterdam-based EV start-up, Etergo, more famously known as “the Tesla of the scooter world”. This is a significant acquisition that gives major impetus to Ola’s moves into the two-wheeler segment, providing it with the intellectual property, design as well as engineering capabilities of Etergo, …