Vogo Automotive raises $11.5 million in extended Series C round

Bengaluru: Vogo Automotive Pvt Ltd, a shared scooter rental startup, has raised $11.5 million (Rs 83 crore) in an extended Series C round of funding from existing investors.

Lightrock (formerly LGT Lightstone Aspada), Kalaari Capital, Matrix Partners India, and Stellaris Venture Partners participated in this round, as per a press statement.

The startup, launched in 2016, provides scooter rentals to nearly 3 million users across India. It has served 10 million rides across Bengaluru and Hyderabad. Vogo, which operates through a dock-based model, also has a strategic partnership with ride-hailing firm Ola.