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Ola Electric acquires Etergo, plans to launch own two-wheeler next year

By : Sustainability ..., May 27, 2020

Ola Electric has acquired Amsterdam-based electric scooter manufacturer Etergo as it looks to launch its own two-wheelers globally next year. These scooters will be manufactured in India. While Ola did not disclose the deal value, Etergo has raised about $23.3 million to date...

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Hero MotoCorp's Pawan Munjal invests $1 million in Ola Electric Mobility

By : Sustainability ..., Mar 16, 2020

Pawan Munjal, the chairman and managing director of Hero MotoCorp, has invested about $1 million in Ola Electric Mobility through his family trust. Hero MotoCorp, which sells one of every two motorcycles locally, said recently it would spend Rs 10,000 crore on alternative...

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SoftBank pumps in $250 million in Ola Electric

By : Sustainability ..., Jul 4, 2019

Ola's electric vehicle arm, Ola Electric Mobility has secured a funding of over ₹1,725 crore (about $250 million) from SoftBank, according to regulatory documents. With this latest infusion, Ola...

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