Vogo to switch to 100% electric vehicle fleet, expand beyond two-wheelers to new vehicle categories
March 28, 2022, Mumbai/Bengaluru : In a strategic move, Chalo, India’s #1 public transport technology company, today announced that it has acquired Vogo, a tech-enabled shared mobility startup. Vogo will augment Chalo’s bus technology services by powering first and last mile rides at major bus stops and other public places. This will enable crores of bus users to easily travel to and from bus stops, and further boost bus ridership as it becomes more convenient to take a bus.
Prior to COVID-19, Vogo was present in Hyderabad and Bengaluru, fulfilling about 50,000 rides daily. Users could access petrol-powered two-wheelers through an app. As a part of this acquisition, the company is switching to electric vehicles across its fleet. Low-powered electric two-wheelers are safer, more suitable for short distances, and offer lower operating costs. Vogo will also expand beyond two-wheelers and offer other types of electric vehicles to suit market needs.
Vogo will continue to be known under the same brand name. Its founders Anand Ayyadurai and Padmanabhan Balakrishnan, and the rest of the Vogo team continue with Chalo and Vogo. Anand will step into a new leadership role for the Chalo group; Padmanabhan, previously Vogo’s Chief Operating Officer, will now serve as the Chief Executive Officer; Abhimanyu Goyal, who was serving as the Vice President, Engineering, and has been with the company for 5 years, will now be elevated to Chief Technology Officer; and Sharath Parameswaran, who was serving as the Vice President, Operations and Growth, will now be elevated to Chief Business Officer of Vogo.
Vinayak Bhavnani, Co-founder and Chief Technology Officer, Chalo, said “This acquisition offers Chalo key strategic gains. Now we will be able to offer a convenient and cost-effective option for bus passengers to travel to and from bus stops, solving the door-to-door daily commute. This will increase bus ridership and serves our core purpose of making travel more convenient and reliable for all.”
Padmanabhan Balakrishnan, Co-founder and Chief Executive Officer, Vogo, said “Given our shared DNA and values, we are pleased to join forces with the Chalo team. We have a common vision of solving the daily commute. Vogo democratised access to transport, and with Chalo we take this a step further in serving crores of people who rely on buses. We have already begun our transition to a 100% electric fleet and will also expand into new vehicle categories to serve people better.”
Chalo recently announced a US$40 million Series C funding round in Oct 2021, taking its total funding to US$62 million, and the acquisition of Shuttl shortly thereafter. Chalo has a presence in 37 cities across 13 Indian states including Maharashtra, Delhi NCR, Karnataka, Kerala, Madhya Pradesh, Tamil Nadu, Uttar Pradesh, Bihar, Assam, and others. The Chalo App is India’s #1 live bus tracking app, and Chalo Card is India’s leading bus travel card.
About Chalo:
Chalo is India’s leading bus transport technology company with presence in 37 cities. It was established in 2014 with the core purpose of making travel better for everyone. The Chalo App provides live tracking of over 15,000 buses. In January 2022, Chalo powered 100 million rides on its platform. Chalo Card, a contactless tap-to-pay travel card, is one India's most successful bus travel card. Chalo also offers products like mobile tickets and mobile bus passes that can be bought on the Chalo App as well as through the Chalo Card. Chalo partners with bus operators to deploy this technology and improve the bus travel experience.
For further information on Chalo, log onto www.chalo.com.
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