Chalo, a Mumbai-based startup acquires Vogo Automotive, a shared mobility startup. With this acquisition, Chalo is moving toward electric mobility Vogo will offer other electric vehicles and also help Chalo’s bus fleets to switch towards electric mobility.
Vinayak Bhavnani, Co-founder and CTO, 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 serve our core purpose of making travel more convenient and reliable for all.”
Padmanabhan Balakrishnan, Co-founder, and Chief Executive Officer, of 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 democratized 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 percent electric fleet and will also expand into new vehicle categories to serve people better.”
Vogo Automotive was launched in 2016 and it provided reliable and affordable electric vehicles for the users of Bangalore.
