Ola announces $100 mn investment in scooter rental startup Vogo

Ride-hailing startup Ola on Tuesday announced it is investing $100 million in scooter rental startup Vogo by adding 1,00,000 scooters to its fleet. The investment would reportedly make Ola the largest shareholder in Vogo, holding between 35-40% stake. Founded in 2016 by Anand Ayyadurai, Padmanabhan Balakrishnan, and Sanchit Mittal, Vogo provides scooters on rent in Bengaluru and Hyderabad.

This short was originally published on Inshorts, based on an article in Entrackr.

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