"In the last 12 months, we have scaled the number of vehicles on the platform from 200 to 20,000 and the plan is to increase this further to one lakh in the next 12 months," Vogo CEO Anand Ayyadurai told.
He further said the company will deepen its presence in Bengaluru and Hyderabad, and is also exploring entering cities like Ahmedabad and Vijayawada.
"This will be towards the end of the year," he said, adding the company currently has about 20,000 vehicles across 500 spots.
Founded in 2016, the company recently raised USD 19 million in a funding round led by LGT Lightstone with participation from existing investors like Matrix Partners and Kalaari Capital.
Vogo had previously raised money from ride-hailing firm Ola and Stellaris Venture Partners. In December 2018, it had formed a strategic partnership with Ola to boost Vogo's supply by putting in one lakh scooters on its platform.
Talking about its electric mobility plans, Ayyadurai said EVs form a big part of the company's focus.
"Currently, the number is small, about 200 but over the next three years, as we scale to about 3 lakh two-wheelers, we expect about 20 per cent of them to be electric vehicles," he added.
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