Ola commits to invest $100 mn in Vogo, to bring scooter sharing to its app

The deal is part of a strategic partnership that will give Ola access to the fast-growing scooter rental space

Softbank-backed Ola has made a commitment to invest $100 million in scooter sharing start-up Vogo as part of a deal that will allow customers of the ride-hailing firm to get access to two-wheeler rentals from within its app. 

The capital that Ola invests will go towards adding 100,000 scooters to Vogo's fleet, and is part of the strategic partnership between the two firms. The investment will be made in tranches, the first of which was received by Vogo as part of its Series-A investment in August.

Vogo had raised around $7 million in its first round of institutional funding led