India, Feb. 18 -- Bengaluru-based two-wheeler rental startup Vogo has raised $11.5 Mn in its Series C funding round from existing investors, including Lightrock, Kalaari, Matrix Partners and Stellaris Venture Partners.

With its latest funding, Vogo will ramp up its electric two-wheeler fleet, streamline business operations after a slow year in 2020 and launch new marketing campaigns to bring back customers and achieve profitability by the next year.

Founded by Anand Ayyadurai, Padmanabhan Balakrishnan and Sanchit Mittal in 2016, the company offers mobility solutions through two-wheeler rentals for everyday commuters. Vogo claims to have served close to 10 Mn rides covering about 130 Mn Km so far.

Post Covid-19, the company said that it...