Vogo, an Automated Scooter Rental Startup, has raised around $35 million in its Series C round led by impact investment fund Lightstone Aspada along with participation from existing investors, according to two people familiar with the matter. Vogo declined to comment for this story. The company was founded by Anand Ayyadurai, Padmanabhan Balakrishnan and Sanchit Mittal in 2016.
Earlier, it had raised around $4 million from its existing investors Matrix Partners, Kalaari Capital and Stellaris Venture Partners as part of the Series C round.
The company will utilize these funds in business expansion and strengthen its technology. It also expand its pan-India footprint.
VOGO has over 7 million rides, 70 million kilometres, 15000+ scooters and 600+ pick-up points. It has a strong footprint across Tier 1 and Tier 2 cities with presence in Bengaluru, Mysuru and Hyderabad, and pilots ongoing in Hubli, Mangalore and Chennai.
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