Ola, Munjal invest in scooter start-up Vogo

Access to vehicle’s key based on OTP

Vogo, 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. The start-up did not reveal the funding amount.

“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.

Vogo is a dockless scooter rental company which lets customers rent scooters for one-way trips within a city.

IoT-based access

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, TaxiForSure), Rajesh Yabaji (founder, Blackbuck) and Mayank Bidawatka (founder, 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 $12.2 million, led by venture capital firms 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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