Following its Series A subsidizing to bike rental specialist co-op named Vogo, Ola has now put in $100 million in another financing round in the startup. The move comes as a vital association between the two firms wherein Ola will give the venture to Vogo to expand its supply, as 1,00,000 new bikes.
The venture will permit Vogo to eliminate its cost and all the while increment its inventory network. What’s more, Ola will soon likewise be incorporating Vogo’s bike rental administrations inside its application, along these lines expanding the potential client base of the administration.
Bhavish Aggarwal, Co-author and CEO, Ola remarked upon the association “Our interest in Vogo will help construct a keen multi-modular system for first-last mile availability in the nation.”
Starting at now, Vogo is available in Bengaluru and Hyderabad and cases to have served more than 20 million kilometers through its stage. Vogo bikes accompany an IoT gadget to permit the clients get to the key of the bike by means of an OTP. The entire idea is to understand the last mile network issues in the Indian urban areas.
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