Startup Ola Electric acquires Amsterdam-based Etergo, to launch electric two-wheeler in 2021 Updated : May 27, 2020 10:06 AM IST Ola Electric Mobility Pvt Ltd (Ola Electric) has acquired Amsterdam-based Etergo BV, an electric scooter OEM. With this acquisition, Ola Electric has also announced its entry into the premium electric two-wheeler market, both globally and nationally. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.