What is Vogo? Vogo Review

Vogo Company Introduction

Vogo was founded in 2016 by Vogo Automotive Pvt. Ltd., whose co-founders are Anand Ayyadurai, Padmanabhan, Balakrishnan and Sanchit Mittal. They serve short-distance users who commute 3-6 kilometers daily. They hope to provide consumers with affordable, easy-to-use and hassle-free daily commuting services.

Mode Introduction

Each of the company's electric motorcycles is equipped with a lock box, and users can get the key according to the SMS code received when entering the parking station. Currently, all users must upload a copy of their driving license on the Vogo application and pass the verification before they can use the electric motorcycle. Currently, Vogo has set up more than 200 vehicle docking points in cities such as Bangalore, Mumbai, Delhi, Kolkata, Chennai, Jaipur, Hyderabad, Srinagar, Guwahati, Manali, Leh and Jaisalmer.

Vogo Service Introduction

Vogo can provide consumers with a variety of personalized services, including different pricing structures for the same car model, supporting car pick-up and car exchange at different locations, and helping customers order cars in real time on the platform.

Vogo Financing

In August 2018, August had just completed a US$7 million Series A financing round. The co-lead investors at that time were Ola service operator ANI Technology and Hero MotoCorp, and the participating investors included Stellaris Venture Partners and Matrix Partners India as well as a group of high-net-worth angel investors, such as Aprameya Radhakrishna, founder of TaxiForSure, Rajesh Yabaji, founder of logistics company Blackbuck, and Mayank Bidawatka, founder of Goodbox.

In December 2018, Vogo completed a new round of financing of US$100 million, with the investor being local shared travel giant Ola. After the latest financing is completed, Vogo's electric motorcycle sharing rental service will be seamlessly connected with Ola's taxi app. Consumers can search for available Vogo electric motorcycles nearby while submitting a taxi service on Ola. After the taxi is completed, they can directly use Vogo's motorcycle rental service, which is very convenient.

In January 2019, Vogo raised $8.87 million for its ongoing Series B round from investors including Matrix Partners India, Stellaris Venture Partners, Kalaari Capital and the family office of Pawan Munjal, chairman of Hero MotoCorp, India's largest motorcycle maker.

In June 2019, Vogo Automotive Pvt. Ltd announced that it had completed a new round of financing of 250 million rupees (approximately US$3.6 million) from the well-known venture capital firm Alteria Capital.

References

• 1. Motorcycle sharing company Vogo completes Rs 80 million Series A funding: ebrun [cited on 2018-11-10T16:00:00.000Z]
• 2. Indian online car-hailing company Ola invests $100 million in local shared electric vehicle startups: Sohu [cited on 2018-12-17T16:00:00.000Z]