Ola announces $100 mn investment in scooter rental startup Vogo

Ride-hailing startup Ola on Tuesday announced it is investing $100 million in scooter rental startup Vogo by adding 1,00,000 scooters to its fleet. The investment would reportedly make Ola the largest shareholder in Vogo, holding between 35-40% stake. Founded in 2016 by Anand Ayyadurai, Padmanabhan Balakrishnan, and Sanchit Mittal, Vogo provides scooters on rent in Bengaluru and Hyderabad.