About Etergo
Etergo is a company based in Amsterdam (Netherlands) founded in 2014 was acquired by Ola Electric in May 2020.. Etergo has raised $23.07 million across 5 funding rounds from investors including Ola Electric and Lucros Investment. Etergo operates in a competitive market with competitors including Optima Cycles BV, Van.Eko, Leo Motors, IVA Mobility and Nimoto, among others.
- Headquarter Amsterdam, Netherlands
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23.07 M (USD)
in 5 rounds
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Latest Funding Round
$4.46 M (USD), Series A
Nov 22, 2019
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Investors
Ola Electric
& 1 more
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Employee Count
Employee Count
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Acquired by
Ola Electric
(May 27, 2020)
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Funding Insights of Etergo
Etergo has successfully raised a total of $23.07M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $4.46 million completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $4.5M
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First Round
First Round
(15 Jun 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series A - Etergo | Valuation |
investors |
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| Dec, 2018 | Amount | Series A - Etergo | Valuation |
investors |
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| Jun, 2017 | Amount | Series A - Etergo | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Etergo
Etergo has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Ola Electric and Lucros Investment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Electric scooters and motorcycles are manufactured with related accessories.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Etergo
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Etergo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Etergo Comparisons
Competitors of Etergo
Etergo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Optima Cycles BV, Van.Eko, Leo Motors, IVA Mobility and Nimoto, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category electric bicycles are developed for various users.
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| domain | founded_year | HQ Location |
Bio-based electric scooters are developed by Van.Eko in the Netherlands.
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| domain | founded_year | HQ Location |
Provides cartridge batteries designed for electric vehicles.
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| domain | founded_year | HQ Location |
Provides electric scooters, wheelchairs, and mobility aids for daily transportation needs.
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| domain | founded_year | HQ Location |
Manufactures electric two-wheel vehicles for sustainable urban transportation.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Etergo
Frequently Asked Questions about Etergo
When was Etergo founded?
Etergo was founded in 2014.
Where is Etergo located?
Etergo is headquartered in Amsterdam, Netherlands.
Is Etergo a funded company?
Etergo is a funded company, having raised a total of $23.07M across 5 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Jun 15, 2014.
What does Etergo do?
Etergo was founded in 2014 in Amsterdam, Netherlands, within the electric mobility sector. Battery-powered scooters for urban transportation are designed, developed, and marketed by the company. The flagship AppScooter model is equipped with a digital cockpit, navigation, infotainment, security features, and smartphone integration, offering up to 240 km range via optional three-battery setup. Products are retailed directly to consumers through the companys website.
Who are the top competitors of Etergo?
Etergo's top competitors include Optima Cycles BV, Van.Eko and Leo Motors.
Who are Etergo's investors?
Etergo has 2 investors. Key investors include Ola Electric, and Lucros Investment.
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