New startup funding to put more IoT-enabled scooters on India's roads

Fresh from getting a $100 million funding from India’s ride-hailing unicorn Ola Cabs in December 2018, scooter rental startup Vogo Automotive raised another Rs 63.1 crore in a venture round this week. The investment, which was led by Matrix Partners India, with Stellaris Venture Partners,  Kalaari Capital, and Pawan Mujal, brings to $117 million the total funding received by the Bangalore-based firm. Founded only in 2016, Vogo allows customers to rent IoT-enabled scooters for short one way trips. Customers can access the scooter and start riding via a Vogo box attached to the vehicle. Booking a ride is done by scanning a QR code. Rides start at Rs 1.20 per minute. From its website, Vogo claims that it has enabled over a million riders, and its passengers have travelled over 10 million kilometers since it stated the service.