18th December 2018, 17:13
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| Senior - BHPian  Join Date: Jul 2017 Location: Pune
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| Ola to invest US$100 million in Vogo scooter sharing startup Cab aggregator Ola is investing US$ 100 million in Vogo - a scooter sharing startup. The investment will be used to add 1 lakh scooters on the Vogo platform. Customers will also be able to book Vogo's rental scooters through the Ola smartphone app.  Vogo is a point-to-point dockless scooter sharing platform. At present it has operations in Bangalore and Hyderabad. The scooters are available at over 200 designated points across both cities. They are equipped with a proprietary IOT hardware that allows consumers to access the key through an OTP based system and start riding. Vogo claims to have over 1 lakh users on its mobile platform and has served over 20 million kilometres. Ola has also invested in Vogo as part of a Series A funding. Other investors include Matrix Partners India and Stellaris Venture Partners. Link to Team-BHP News |
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