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Vogo raises $11.5 million to expand, electrify fleet

Bengaluru: Two-wheeler shared mobility startup Vogo has raised $11.5 million as an extension of its Series C round from existing investors Lightrock, Kalaari Capital, Matrix Partners and Stellaris Venture Partners.

The capital will be used to expand and electrify the fleet, to increase focus on achieving profitability by improving unit economics, asset utilisation and to optimise marketing growth, the Bengaluru-based firm said.

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Vogo aims to achieve profitability by the end of this year.

“…We are committed to build on our strengths and roll out a profitable electric vehicle offering going forward. Having significantly improved our unit level profitability in…

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