Indian ride-sharing company Ola Electric Mobility Pvt. Ltd. announced on Wednesday it entered a definitive agreement to acquire electric scooter company Etergo.
"I am very excited to welcome ... the entire Etergo team to Ola Electric and look forward to working closely with them to build towards our vision of making electric mobility, a reality at scale," founder of Ola Bhavish Aggarwal said in the press release.
The Indian ride-hailing company, which is backed by SoftBank Group Corp., recently launched its services in the United Kingdom.