Cab aggregator Ola on Tuesday said it is investing $100 million in Vogo, a scooter-sharing platform for short commutes. “Ola will boost Vogo’s supply by investing in 1,00,000 scooters worth $100 million. This infusion will give Vogo a strategic supply advantage without having to incur significant capital expenditure,” the company said in a statement. Vogo is a point-to-point dockless scooter-sharing service, present in Bangalore and Hyderabad with over one lakh users so far. The Telegraph“Our investment in Vogo will help build a smart multi-modal network for first-last mile connectivity in the country,” Ola co-founder and CEO Bhavish Aggarwal said.

Source: The Telegraph December 18, 2018 20:26 UTC