On-demand mobility company Vogo Automotive has closed an investment round led by LGT Lightstone Aspada, with participation from existing investors Matrix Partners India, Kalaari Capital and Stellaris Venture Partners.
The company has raised about USD 20 million, regulatory filings show. The investment will be used to help Vogo expand across the country and further strengthen its IoT technology, Vogo said in a statement. The company provides on-demand scooter rentals to more than 2.5 million users across India.
Source: Economic Times
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