Scooter Rental Startup Vogo Secured Series A Funding from Ola, Hero MotoCorp
Bengaluru-based automated scooter rental startup Vogo has reportedly secured an amount of around $7 million (Rs 48 crore) in a Series A funding round. The latest round was led by ANI Technologies Pvt Ltd (Ola’s parent company) and Pawan Munjal (Hero MotoCorp chairman).
The other existing investors namely Matrix Partners India, Stellaris Ventures, and angel investors also participated in the funding round.
The funds raised through this funding round will be utilized by the company for the purpose of expanding its operations further in the cities it already exists, which include Bengaluru and Hyderabad.
“We are trying to solve the use case for daily commuters who can probably walk 100 to 150 meters to pick up our scooters. These are all gearless vehicles which ensure that a cross-sect...