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Vogo raises USD 20 Mn from Aspada, others

Feb 28, 2020 by The Passage Team
Vogo raises USD 20 Mn from Aspada, others

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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The Passage is committed to creating in-depth content over technology industry across Asia with a focus on emerging startups in the technology, healthcare, education, food, tech, travel & mobility segments.

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