Q. Which ridesharing company’s subsidiary has acquired Netherlands-based manufacturer Etergo BV?
Answer:
Ola
Notes: Ola Electric, the subsidiary of the India ridesharing platform Ola, has recently acquired Netherlands-based OEM (Original Equipment manufacturer) Etergo BV.
By this acquisition, Ola Electric is set to enter the premium electric two-wheeler market, both domestic and global. Ola Electric is to use the design and engineering capabilities of Etergo to build its smart electric two-wheeler and launch in India in the year 2021.