Vogo scooter startup raised Series A led by Ola and Pawan Munjal

Tinuku – Vogo.in, an automated scooter sharing platform for short commutes, announced on Tuesday that it has raised Series A round of funding led by ANI Technologies (Ola) and Hero MotoCorp chairman, Pawan Munjal. Stellaris Venture Partners and Matrix Partners India also participated in the round.

“We aim to leverage Ola’s products, technology and operations infrastructure, to better suit our customers’ needs,” said Anand Ayyadurai, founder and CEO Vogo in a statement.

Tinuku Vogo scooter startup raised Series A led by Ola and Pawan Munjal

The Bengaluru-based start-up did not reveal the funding amount. Vogo is a dockless scooter rental company which lets customers rent scooters for one-way trips within a city. The app allows users to locate, unlock and pick up its scooters and bikes at one point, and drop it off at another.

Every Vogo scooter comes with an OTP-based IoT (Internet of Things) sensor, that allows customers to access the key without the need for any human intervention. Present in Bengaluru and Hyderabad, the firm aims to add more than 1,000 pick-up points in these cities in the coming year.

Vogo said other investors including Aprameya Radhakrishna (founder of TaxiForSure), Rajesh Yabaji (founder of Blackbuck) and Mayank Bidawatka (founder of Goodbox) also participated in this funding round.

“Vogo is adding an effective layer to the first and last mile connectivity needs with its self-drive scooters,” said Sandeep Divakaran, Vice President Ola in a statement.

Last week, Metro Bikes raised US$12.2 million, led by Sequoia India and Accel Partners. The company, which has also changed its brand name to Bounce, offers a dockless scooter sharing service allowing users to pick up the scooter from anywhere, ride to their destination and drop it off at any location.

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