Indan dockless scooter rental company Vogo Automotive Pvt. Ltd. is holding discussions with multiple investors to raise $40 to $50 million in equity financing.
Vogo Automotive, which operates under the Vogo brand, is planning to use the projected capital to fuel its growth plans.
The startup has authorized Mumbai-based investment bank Avendus Capital to conduct the latest fundraising.
More so, Vogo is seeking to extend its fleet, with a focus to enhance the share of electric scooters in its roster.