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.