Stories written by Anand Ayyadurai yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
India’s fastest growing scooter rental service, Vogo has announced its partnership with the Chennai Metro Rail Limited (CMRL) to launch electric scooter rentals across four
Food, e-commerce delivery constitutes 46% of our primary users: Vogo CEO indiantelevision.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiantelevision.com Daily Mail and Mail on Sunday newspapers.
[Funding alert] VOGO raises $11.5M to focus on growth and EV expansion
VOGO will use the funding towards the expansion and electrification of its fleet and bolster current execution capabilities to achieve profitability in the next year.
0 claps
$11.5 million capital as an extension of
Series C round, from its existing investors including
Lightrock, Kalaari, Matrix Partners, and
Stellaris Venture Partners.
The startup will be used to expand and electrify the fleet, to increase focus on achieving profitability by improving unit economics, asset utilisation, and to optimise marketing growth through better consumer understanding. With net positive contribution margins, VOGO is making strides towards achieving profitability by the end of this year, the statement added.