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New startup funding to put more IoT-enabled scooters on India’s roads – FutureIoT
Fresh from getting a $100 million funding from India’s ride-hailing unicorn Ola Cabs in December 2018, scooter rental startup Vogo Automotive raised another Rs 63.1 crore in a venture round this week.
The investment, which was led by Matrix Partners India, with Stellaris Venture Partners, Kalaari Capital, and Pawan Mujal, brings to $117 million the total funding received by the Bangalore-based firm.
Founded only in 2016, Vogo allows customers to rent IoT-enabled scooters for short one way trips. Customers can access the scooter and start riding via a Vogo box attached to the vehicle. Booking a ride is done by scanning a QR code. Rides start at Rs 1.20 per minute.
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