Vogo, an Indian automated scooter sharing platform for short haul commute, raised a Series A funding round of undisclosed amount.
The round was led by ANI Technologies (Ola), with participation from Matrix Partners, Hero MotoCorp Chairman, Pawan Munjal, Stellaris Venture Partners, as well as individual investors Aprameya Radhakrishna (Founder, TaxiForSure), Rajesh Yabaji (Founder, Blackbuck) and Mayank Bidawatka (Founder, Goodbox).
Founded in 2016, by Anand Ayyadurai, Padmanabhan Balakrishnan and Sanchit Mittal, Vogo is a dockless scooter rental company which lets customers rent scooters for short one way trips at various locations across the city. The app enables users to locate, unlock and pick-up its scooters and bikes at one point, and drop it off at a different point, without the need for a docking station. Every scooter comes with an OTP based IoT sensor, that allows customers to access the key without the need for any human intervention, and start their ride.
The company currently present in Bangalore and Hyderabad, plans to add over 1000 pickup points across Bangalore and Hyderabad in the coming year. Using the app, more than 27000 users have commuted for over 6 million kilometres.
FinSMEs
20/08/2018