Vogo bags $20m from Aspada
The investment round was participated by other existing investors like Matrix Partners India, Kaalari Capital, and Stellaris Venture Partners.
Vogo scooter is an IoT programmed dockless scooter sharing platform with an automatic pickup and drop facility which allows the customers to pick up and drop the scooter from specific locations.
It has IoT sensors that run on OTP based and allows the customers to get access to the key without the involvement of any human being.
The company aims to use the fund to expand its network across every part of India and build up a strong IoT technology.
Vogo challenges with “Bounce” a start up company, backed by Sequoia one of the greatest business investors and Arcel. CEO of Vogo said they can run successfully in the market if they have the right contribution and good model.