Scooter rental startup Vogo gets backing from Ola, Others

The homegrown ride-hailing major Ola has planned to invest $7 million (Rs 45.5 crore) in the parent of online scooter rental platform Vogo has led by.

According to a report in The Economic Times, venture capital firms Stellaris Venture Partners and Matrix Partners also contributed to the investment in Bengaluru-based Vogo Automotive Pvt. Ltd.

Vogo Automotive was set up in 2016 by Anand Ayyadurai, Padmanabhan Balakrishnan, and Sanchit Mittal.

Ayyadurai and Balakrishnan had earlier worked at Flipkart.

The company claims to have launched the country’s first automated pickup-and-drop scooter rental platform. Vogo remotely tracks and monitors scooters in real-time, which in theory makes the vehicles Internet of Things (IoT) devices.

Vogo is presently operating in Mysuru, Manipal, Bengaluru, and Hyderabad.