Ola to invest $100 Million in Scooter Rental Company "Vogo"

Ola has decided to invest a handsome amount of $100 million in a scooter rental service provider "Vogo" in its Series A funding. Ola will provide the investment in the form of 1,00,000 scooters to help Vogo in expanding their operations.

Ola will also integrate the Vogo features in its app for increasing the user base. According to the Ola CEO this partnership will help in building a smart network for last mile connectivity.

Currently the Vogo is serving its operations in Bengaluru and Hyderabad where it claims to serve over 20 million Kilometers. You can rent a vogo scooter which comes with an IoT device which allows user to access the keys through OTP.

Source: Indiatimes

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