Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 18 2018

Scooter rental startup Vogo gets backing from Ola, Others

The company claims to have launched the country’s first automated pickup-and-drop scooter rental plaform.

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.

Comment
Related opportunities
  • E-Commerce & Related
    About Us: Incepted in 1955 by Shri. Madhavrao Ashtekar, who hailed..
    Locations looking for expansion Delhi
    Establishment year 1955
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Career Counselling & Brain Programming
    About Us: Brain Checker Techno Services (India) is India's Largest Career..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2012
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Nashik Maharashtra
  • Women's clothing
    About: There is no doubt about the fact that India’s gen-next..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Juices / Smoothies / Dairy parlors
    About Us: Ministry of Thickshakes is posed to be a leading..
    Locations looking for expansion Andhra pradesh
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities