• Wednesday, May 18, 2022

Business

India’s Ola To Invest $100 Million In Scooter Sharing Network Vogo

This infusion will give Vogo a strategic supply advantage without having to incur significant capital expenditure. Additionally, Vogo’s offerings will also be available for Ola’s over 150 million customer base, directly from the Ola app soon (Photo by Hemant Mishra/Mint via Getty Images).

By: Radhakrishna N S

Vogo, India’s fastest growing scooter sharing network, for short haul commute on Tuesday (18) announced its strategic partnership with ride-hailing platform, Ola. As part of the partnership, Ola will boost Vogo’s supply by investing in 100,000 scooters on the Vogo platform, worth $100 million. This infusion will give Vogo a strategic supply advantage without having to incur significant capital expenditure. Additionally, Vogo’s offerings will also be available for Ola’s over 150 million customer base, directly from the Ola app soon. Ola has also invested in Vogo as part of the company’s Series A fundraising which saw participation from Matrix Partners…

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