About Etergo
Etergo is a Transportation, Automotive & Logistics company based in Amsterdam (Netherlands) founded in 2014, and was acquired by Ola Electric in May 2020. Electric scooter manufacturer. Etergo has raised $23.07 million across 5 funding rounds from investors including Ola Electric and Lucros Investment. The company was acqui-hired. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Two Wheelers. Its competitors include Optima Cycles BV, Van.Eko and IVA Mobility; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Amsterdam, Netherlands
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website etergo.com
- Social LinkedIn X Facebook
- Acquired by Ola Electric (May 2020)
- Total Equity Funding$23.07M (USD)
in 5 rounds
- Latest Funding Round$4.46M (USD), Series A
Nov 2019
- InvestorsOla Electric
& 1 more
- Acquired byOla Electric
(May 2020)
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 $23.07M
- Total Rounds 5
- Last Round Series A — $4.46M
- First Round $40,614
(Jun 2014)
- Investors Count 1
All 5 funding rounds of Etergo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2019 | $4.46M | Series A | – | – | – |
| Dec 2018 | $11.33M | Series A | – | – | – |
| Jun 2017 | $6M | Series A | – | – | – |
| Jun 2015 | $1.24M | Seed | – | Lucros Investment | – |
| Jun 2014 | $40,614 | Angel Round | – | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| lucros-group.eu | ||||
Electric scooters and motorcycles are manufactured with related accessories. | 2017 | olaelectric.com | Bengaluru, India |
Investor details for Etergo
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People of Etergo
2 people are tracked at Etergo (1 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Bart Jacobsz Rosier | Chief Executive Officer | Leadership |
Shanti Borgen | Officemanager | Team |
Complete people profiles for Etergo
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Timeline of Etergo
4 dated milestones of Etergo across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Etergo is founded.
- Funding First funding round of $41K.
- Funding Latest funding round, Series A, of $4.5M.
- Exit Acquired by Ola Electric.
Competitors of Etergo
Etergo has 3 listed competitors in our database, 1 of them funded. They include Optima Cycles BV, Van.Eko and IVA Mobility.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| optima-cycles.nl | 1991 | Beverwijk, Netherlands | Multi-category electric bicycles are developed for various users. | |||
| vaneko.com | 2013 | Amsterdam, Netherlands | $75,313 | Bio-based electric scooters are developed by Van.Eko in the Netherlands. | ||
| ivamobility.com | 2007 | Dordrecht, Netherlands | 2 | Provides electric scooters, wheelchairs, and mobility aids for daily transportation needs. |
Detailed competitors of Etergo
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Related news about Etergo
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Frequently Asked Questions about Etergo
Etergo was founded in 2014.
Etergo is headquartered in Amsterdam, Netherlands.
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 Angel Round of $40.61K, raised on Jun 2014.
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.
Etergo's top competitors include Optima Cycles BV, Van.Eko and IVA Mobility.
Etergo has 2 investors. Key investors include Ola Electric, and Lucros Investment.
Yes. Etergo was acquired by Ola Electric in May 2020.