Ola to invest $100 million in the Indian scooter sharing startup Vogo

Employees work inside the office of Ola with the taxi in Gurugram, formerly known as Gurgaon, on the outskirts of New Delhi, India, April 20, 2016. REUTERS/Anindito Mukherjee

NEW DELHI (Reuters) – india’s ride-hailing firm Ola invests $100 million in Vogo, a domestic scooter parts of start-up, and add to the company’s fleet of two-wheelers on the Ola app to extend the range of vehicles it offers, the companies said in a joint statement on Tuesday.

Vogo, which provides services in the south Indian cities of Bangalore and Hyderabad, will use the money for the expansion of its fleet with 100,000 scooters. It does not disclose how many scooters that it currently has, but said that there are more than 100,000 users have purchased more than 20 million kilometers with the help of the two-wheelers.

“Our investment in Vogo will help with the building of a smart multi-modal network for first-last mile connectivity in the country,” Ola co-founder and Chief Executive Officer Bhavish Aggarwal said in the statement.

Reporting by) Aditi Shah; Editing by Rashmi Aich

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