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Founders Bart Jacobsz Rosier and Marijn Flipse of the Dutch e-scooter company Etergo have announced that they have sold their company. They sold it to the Indian company Ola Electric. Ola Electric partners with vehicle and battery manufacturers, cities, drivers and the mobility ecosystem to make electric mobility easy and affordable. Ola Electric aims to dominate the electric two- and four-wheeler market in India. They want to launch an electric scooter on the Indian market in 2021 with the knowledge and expertise of Etergo.

Bart Jacobsz Rosier, co-founder and CEO of Etergo, explains in The Times of India: “Ola is one of the world's most admired mobility companies and has spearheaded many innovations, including the bold ambition for electric mobility. We look forward to working with Ola Electric and reinventing electric mobility together ”.

The start-up company Etergo, founded in 2014, found a partner in Ola Electric to conquer the Asian and Indian markets. Etergo has raised 21 million euros in funding so far, they have been looking for new investors in recent months. Marijn Flipse and Bart Jacobsz Rosier will remain as top man and vice-chairman at Etergo. The head office will also remain in Amsterdam. The company is taken over in its entirety by Ola Electric, including 73 employees.

Bhavish Aggarwal, founder and chairman of Ola Electric, told The Times of India: “The future of mobility is electric, and the post-COVID world offers us an opportunity to accelerate the adoption of electric mobility worldwide. Every year, almost twice the number of two-wheelers are sold worldwide compared to cars. With electric, digitally connected capabilities, two-wheelers will further emerge as the most preferred urban mobility paradigm around the world, offering more options to every consumer. We look forward to building the best global engineering, design and manufacturing capabilities for these products made right here in India. ”

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