[TusharK]

Ola Electric has acquired Amsterdam-based e-scooter maker Etergo. The company plans to introduce the all-electric AppScooter in India and other international markets.



Etergo was founded in 2014. In 2018, the company revealed its first electric scooter called the AppScooter. It uses swappable high energy density batteries with a claimed range of 240 km on a single charge. The company plans to launch it in India in 2021.

Ola Electric also plans to set up extensive charging and swapping networks in India. At present, the company is running pilot projects to deploy electric 2-wheelers, 3-wheelers and charging stations across cities.

Link to Team-BHP News

[wheelguy]

The EV company will be leveraging Etergo's design and engineering capabilities to build its smart electric two-wheeler for both Indian and International markets.

New Delhi: Ola Electric Mobility on Wednesday announced the acquisition of Etergo BV, an electric scooter OEM, based out of Amsterdam, the Netherlands.

With this acquisition, the company is all set to enter the premium electric two-wheeler market, both globally and nationally. Ola Electric will be leveraging Etergo's design and engineering capabilities to build its smart electric two-wheeler for both markets, informs the company. Ola Electric aims to launch its global electric two-wheeler in India in 2021. As per the release, the Amsterdam based firm has an extensive vehicle development experience with leading automotive companies like Tesla, General Motors, Ferrari, Jaguar, and BMW.

Bhavish Aggarwal, Founder & Chairman, Ola Electric said, “The future of mobility is electric, and the post COVID world presents an opportunity for us to accelerate the adoption of electric mobility globally. Every year, almost twice the number of two-wheelers are sold across the world compared to cars."

He further added, "With electric, digitally connected capabilities, two-wheelers will further emerge as the most preferred urban mobility paradigm around the world and empower every consumer. We look forward to building the best global capabilities in engineering, design, and manufacturing for these products to be made here in India.”

Source

[sri_tesla]

Ola electric rumored to be set up an electric 2 wheeler manufacturing plant with an annual capacity of 2 million units. The company is in talks with state governments, including Karnataka, Tamil Nadu, Andhra Pradesh, and Maharashtra. As per the sources, the facility is proposed to be established on a 100-acre land and is envisaged to be state-of-the-art, use solar energy, and have a zero-effluent footprint.

Sources:
https://economictimes.indiatimes.com...w/79012751.cms

https://www.livemint.com/companies/n...403425710.html

[Jeroen]

I hope Ola will be doing better than Etergo. They were always a cash strapped company. They have been trying to get funding for the last 12-18 months.

Rumour has it they sold to Ola at a substantial loss. Meaning investors and crowd funders are likely to be out of pocket quite a bit.



Jeroen

[Dieselite]

This is positively true. The battery concept is that you only buy the scooter and a subscription for the battery. Pay per use and swap the discharged ones at the recharging station with a fully charged one and you are on your way. So no waiting at home or office for the bike to charge.

Charging banks will be set up at multiple locations !

This is the best way to earn customer confidence as well as convenience. Its like a petrol powered scooter !

[sidbp]

The etergo bv concept with a range of 240km and a removable battery is a much better solution to range anxiety and hassles of charging in a common location parking area.

If they can price this economically, this will be a great alternative to the bevy of electric scooters flooding the market with an average range of around 85 km/charge.

[ph03n!x]

As long as they don't get some cheap Chinese CKD kits and assemble them here, this is good. They should at least manufacture the body as well as parts like lights, suspension, brakes, seat, wheels etc. locally - the battery and motor may not have much of a choice other than being Chinese...

[sri_tesla]

According to a PTI report, Ola electric to launch an electric scooter by Jan 2021. Initially, the scooter will be manufactured in the Netherlands, will be sold in India and Europe. It is expected to be priced competitively against current petrol scooters. As per the sources, Ola is looking at sales of a million e-scooters in the first year.



Source:
https://auto.economictimes.indiatime...urces/79307748

While they may be able to launch the scooters by January, I doubt if they will be able to sell a million vehicles in the first year, especially before their Indian plant up and running. They are currently in talks with different state governments to setup a 2 million capacity plant. If they can price it around Rs 1 lakh with similar range to Chetak and Ather, they can easily achieve 1 million sales with broader availability across the country in future. Hopefully they does away with Ola branding and use Etergo or some other name.

[Cessna182]

Originally Posted by sri_tesla

According to a PTI report, Ola electric to launch an electric scooter by Jan 2021. Initially, the scooter will be manufactured in the Netherlands, will be sold in India and Europe. It is expected to be priced competitively against current petrol scooters. As per the sources, Ola is looking at sales of a million e-scooters in the first year.

A million scooters in the first year? How could anyone make such projections with a rational mind? Approximately 1.5 lakh EVs were sold in India in 19-20.

Also, I don't see how this aligns with the core competence of Ola in any way. Hope that the fancy consultants they hired to draft such proposals and projections are not as disconnected from reality as these numbers suggest.

[sri_tesla]

Ola electric roped in GM veteran Jose Pinheiro as its Head of Global Manufacturing and Operations for its electric vehicle business.





Highlights:

• Jose will spearhead Ola’s ambitions to build world-class manufacturing facilities starting with one of the world’s largest scooter factory.

• Ola is planning to expand to multiple such facilities across India.

• Ola is developing multiple electric two-wheelers in addition to the Etergo scooter that is expected to be launched soon.

As per the earlier rumors, Ola to launch their first electric scooter in January.

Source:
https://www.autocarpro.in/news-natio...in-india-77867

[Venkatesh]

Ola on Monday announced that it has signed a Memorandum of Understanding (MoU) with the state government in Tamil Nadu to establish the world's largest scooter factory with an annual capacity of two million units. To be built at a cost of Rs 2,400 crore, the factory will help create around 10,000 jobs.





Units manufactured here will also be shipped to European, Asian and Latin American markets and Ola expects the plant to become a major hub for the manufacturing of EVs.

We are excited to announce our plans to set up the world’s largest scooter factory. This is a significant milestone for Ola and a proud moment for our country as we rapidly progress towards realising our vision of moving the world to sustainable mobility solutions across shared and owned mobility," said Bhavish Aggarwal, Chairman and Group CEO, Ola.

Source

[randomgyan]

Originally Posted by Venkatesh

Ola on Monday announced that it has signed a Memorandum of Understanding (MoU) with the state government in Tamil Nadu to establish the world's largest scooter factory with an annual capacity of two million units. To be built at a cost of Rs 2,400 crore, the factory will help create around 10,000 jobs.
Source

This is a massive push. I wonder if they are thinking about the charging stations also!

[giri1.8]

Interestingly, they haven't mentioned any exact location in TN.

Hope they price it on par with scooters like Activa 125 or the Ntorq and not go the Ather's way of premium pricing.

[maddy42]

Good luck to Ola. Hope this moves beyond announcements to some real action on the ground. Reason i say is Ather is loosing money on every scooter sold and has been in production since 2018. Rumour is about a lac a scooter. Hope Ola can break into this market and be profitable.

Maddy

[sri_tesla]

This is the best news happening to the Indian EV market, especially the 2 wheeler market. All it needs is one company pushing the volumes. With the premium pricing of 450x, Ather became a niche maker. I really hope Ola Electric becomes very successful with their electric scooters. Along with Bajaj chetak new factory with a 0.5 million capacity, Ather it will push the like Hero, Honda, and TVs to invest in EVs.

Also, I hope Ola Electric keeps the Etergo brand or create a new brand name instead of using Ola branding.